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Digital hijackers are taking over computers to mine for cryptocurrency, with cyber-security firm Kaspersky saying that Singapore has had a spike in cryptojacking attempts in the first three months of 2020.
The Russia-based firm said it blocked more than 11,700 cryptojacking attempts on devices in Singapore between January and March this year – a more than threefold increase from the same period last year when there were about 2,900 attempts.
In a recently published report, Kaspersky said the spike is the highest percentage increase in South-east Asia.
Hijackers target Singapore because of its IT infrastructure and fast Internet speed, which offers a healthy supply of bandwidth for cyber criminals to take advantage of, said Mr Yeo Siang Tiong, general manager for South-east Asia at Kaspersky.
“Cryptojacking, or malicious mining, is the unauthorised use of someone else’s device to mine cryptocurrency.
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