253.777.0763    Get SUPPORT

Graemouse Technologies Blog

Cryptomining Becoming a Big Issue for Businesses

Cryptomining Becoming a Big Issue for Businesses

Cryptojacking is one of the upcoming threats that your business should have on its radar in the upcoming years. This process involves a malicious entity installed cryptomining malware on a device without the user’s permission. What this provides the hacker with is a steady stream of income at the expense of the victim’s device. What can you do to keep your business’ devices from falling prey to this?

Your Computer Can Make You Money?
Certainly you’ve heard of cryptocurrency, which is a type of currency that is “mined” from a computer. The most common cryptocurrency is Bitcoin. Bitcoin is generated by computers that crunch through numbers. Some organizations have warehouses full of high-end servers that are constantly mining for Bitcoin. The average computer can’t really handle this task, but with enough of them, hackers can start to receive a considerable sum.

Why Is This Dangerous?
Cryptomining is dangerous particularly because of how intensive the process is. It can take a toll on the average device if it’s left unchecked. As previously stated, it takes an exceptionally powerful machine to effectively mine cryptocurrency. This causes the device to experience an abnormal amount of wear and tear. Over time, you’ll notice that your device will start to decrease in efficiency and slow down.

Other ways that this might affect a business is through the immediate costs associated with cryptomining affecting your hardware. You might notice an abnormally high electricity bill from a server being influenced by cryptomining, or a cloud-based service working too slowly. Either way, the end result is a negative effect for either your employees or your customers.

How You Can Protect Your Business
If you’re looking for cryptomining on your network, be sure to keep an eye out for suspicious network activity. Since the malware will be sending information over a connection, you’ll be able to identify suspicious activity during times when there shouldn’t be as much activity on your network. In this particular case, the data being sent is small, making it difficult to detect for businesses that transmit a lot of data.

Security professionals are turning toward machine learning to detect and eliminate cryptomining troubles on networks. Machine learning can analyze a network’s traffic for the telltale signs of cryptomining software. Another method is to use a SIEM solution that gives network administrators the power to discover consistent or repetitive issues from potential malware.

To keep your business safe from the looming threat of cryptojacking, you should implement measures to ensure all common methods of attack are covered, including spam, antivirus, content filters, and firewalls. To learn more, reach out to us at 253.777.0763.

Microsoft SQL Server 2008 Will Soon Reach EOL
Tip of the Week: Simplifying Your Email with Conso...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Sunday, May 26 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Identity Theft Wi-Fi Net Neutrality Hosted Solutions Bring Your Own Device Human Resources Data Recovery Network Infrastructure Smartphones Millennials Automation Multi-Factor Security Software BYOD Managed IT Services Productivity Outsourced IT Employer-Employee Relationship Connectivity Applications Microsoft Wireless Internet Microsoft Office Amazon Computer Meetings Hosted Computing Printer Managed IT Services Windows 10 Quick Tips Cabling Warranty Alert Encryption Social Media Operating System Firewall Comparison Tip of the Week Safe Mode Access Control Content Management Cybercrime Tip of the week Router Smartphone IT Plan User Error Privacy Health Public Cloud Chrome Password Settings BDR Training Cache Sync Collaboration Managed IT Scam Legal Networking Data Breach Google Drive Browser Hardware Digital Signage How To Database Mobile Device Blockchain Paperless Office VPN Internet of Things Phishing Windows Managed Service Provider Miscellaneous Data Backup Internet Data Storage Emails Upgrade Google Docs IT Services Cryptocurrency Virtualization Mobile Devices Communication Communications Wireless Charging Data Management Workplace Tips Telephone Systems Private Cloud Windows 7 Telephone System Gadgets Website Vulnerability Facebook Government Virtual Assistant Users Information Android Business Continuity Cloud Computing Data loss Employee Disaster Recovery Malware Software as a Service Spam Blocking Best Practices Update Server Bing Sports Servers Computers Managed Service Business Intelligence VoIP Passwords OneNote Word Money IT Management Display Augmented Reality Avoiding Downtime Technology Save Money Efficiency Machine Learning IT Consultant Artificial Intelligence Supercomputer Document Management Business Mangement Backup Remote Monitoring Innovation Apps Saving Money Keyboard Office 365 Bandwidth Cybersecurity Save Time Spam Social Engineering App Small Business Voice over Internet Protocol CES Solid State Drive Emergency Business Management Google Tech Term Security Cloud Hackers Business Telecommuting Law Enforcement Business Computing Network Security Wiring Mobile Device Management Inventory Two-factor Authentication Computer Care Fraud Data Security Data Protection Online Holiday Redundancy Unsupported Software User Tips Vendor Ransomware IT Support Windows 10 Search Engine Staff Data Botnet Email Recovery Gmail Cortana Telephony USB

Newsletter Sign Up