Coinrail, virtual currency exchange in South Korea, announced on Monday June 11th, it was hit by a cyber intrusion causing a massive loss of 30% of its digital currency.<\/p>\n
News of this cyber-attack leads to a market price plunging for cryptocurrencies worldwide.<\/p>\n
More than $30 billion in cryptocurrency<\/strong> was wiped out in 7 hours of trading (some reports estimating $37 billion).<\/p>\n Bitcoin was especially hard-hit trading at about $6,790 by early Monday afternoon.<\/p>\n This is over 10% lower than Friday’s price and a staggering 66% lower than its December 2017s skyscraper-high of $19,783.<\/p>\n Nevertheless, the current market cap for cryptocurrencies is projected to surpass $1 trillion dollars this year.<\/p>\n Another popular crypto-related attack that quickly rising is cryptojacking<\/strong>.<\/p>\n Cryptojackers<\/strong> infect websites and infiltrate computers to secretly mine cryptocurrencies.<\/p>\n Malicious code is automatically executed, starts immediately, requires no download, and is completely unnoticeable.<\/p>\n These attacks are a major threat in the rapidly evolving cybersecurity landscape.<\/p>\n Website security can provide early detection, immediate remediation, and proactive protection.<\/p>\n cWatch Web continuously monitors and protects along with 6 layers of technology<\/strong>, human intelligence, and a team of cybersecurity analysts.<\/p>\n It’s both a solution and a check tool to help you combat advanced threats by:<\/strong>
\nReducing Time<\/strong>
\ncWatch is an easily-deployed, proactive solution that ensures the protection of your website<\/a> against all threats.
\nReducing Cost<\/strong>
\ncWatch Web prevents you from the potential costs and consequences of malware attacks at an extremely affordable price point.
\nReducing Risk<\/strong>
\nThe most effective solutions<\/strong> are proactive versus reactive.<\/p>\n
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