Trend Micro Incorporated, a global leader in cybersecurity solutions, has identified that UK demand for cryptocurrency skills has jumped by 1130% in the past two years. However, Trend Micro’s analysis of ITJobsWatch data also found that these positions are not being filled by candidates with cybersecurity expertise.
Cryptocurrency is similarly low on the list of priorities for cybersecurity professionals. While GDPR has broken into the list of the top 30 skills most commonly associated with cybersecurity job roles (8%), cryptocurrency does not feature.
“Cryptocurrency has exploded as a popular way to support digital transactions, and these figures show that organisations are seeking more skills to take advantage of lower fees and instant payments,” said Bharat Mistry, Principal Security Strategist, Trend Micro. “But we all know that where the money goes cybercriminals will follow. They will target business’ crypto exchanges by whatever means possible to pilfer their funds or steal their personal information. Any individuals involved in running or using these systems need to be highly alert to the growing cyber risks.”
Lack of ownership leaving cryptocurrency exposed
This gap in ownership could leave crypto exchanges dangerously exposed. In fact, Trend Micro’s Mid Year Security Roundup showed that cryptocurrency mining attacks more than doubled, with the first half of 2018 seeing a 141% increase in cryptocurrency mining detections compared to the previous half year.
“Cybercriminals are using a variety of tools and techniques to install miners, including server exploits, a PHP vulnerability, malvertisements and other forms of malware,” Bharat continued. “If unauthorised cryptocurrency miners make their way into the network, this is a red flag not only for the affected individual user device, but for overall network security. There needs to be a coordinated approach across the organisation, with clear roles and responsibilities to keep cryptocurrency secure.”
About Trend Micro
Trend Micro Incorporated, a global leader in cybersecurity solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralised visibility and control, enabling better, faster protection. With more than 6,000 employees in over 50 countries and the world’s most advanced global threat intelligence, Trend Micro secures your connected world. For more information, visit www.trendmicro.com.
All product and company names herein may be trademarks of their registered owners.
Statistics gathered on October 22nd, 2018 by comparing permanent UK IT jobs data from ITJobsWatch covering the two years leading up to that date.