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
Tuesday, March 19 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Meetings Avoiding Downtime Windows 10 How To Fraud Digital Signature Computers Best Practices Social Media Network Password Encryption OneNote File Sharing Managed IT Employer-Employee Relationship Cortana Networking Twitter Human Resources Net Neutrality Safety Government Smartwatch Amazon Web Services Apps Data Security Tech Term Artificial Intelligence Trending Online Shopping Miscellaneous Telephony Router Paperless Office Backup Mobile Devices Data Backup Communication Google Drive IT Plan Sports Smart Office Windows 10 Infrastructure Public Cloud Business Continuity IT Consultant Settings Cryptomining Applications Microsoft Office Virtual Assistant Business Management Private Cloud Mobile Device Management Hackers Spam Blocking Practices Server Data Workers Health Wi-Fi Computer Care VoIP Comparison Voice over Internet Protocol Cybersecurity Mobile Device Google Innovation Computer Outsourced IT Security Alert IT Support Password Management BYOD Holiday Gadgets Managed IT Services Technology CES Data Breach Marketing Telephone System Samsung Google Docs Data Protection Augmented Reality Business Intelligence Automation Telephone Systems Bring Your Own Device Managed IT Services Privacy Quick Tips Solid State Drive Vulnerability VPN Data loss Efficiency Smartphone Workplace Tips Keyboard Mobility Network Security Phishing Communications Chrome Administrator Blockchain Cloud Computing Website Collaboration Information Leadership Upgrade Microchip Windows Servers Small Business Redundancy Virtualization Training Remote Monitoring Save Money Business Computing Ransomware Machine Learning Browser Cloud Productivity Audit Recycling Money Social Engineering Workforce Office 365 Tip of the Week Software as a Service Word The Internet of Things IT Management Windows Server 2008 HBO Hosted Solutions Scam Managed Service Access Control Google Apps Internet Two-factor Authentication Hacker Law Enforcement Data Storage Cybercrime Update Microsoft Passwords Remote Work Unsupported Software Bandwidth Spam Cryptocurrency Botnet Saving Money Windows 7 Connectivity NIST Disaster Recovery Facebook Productivity Hardware Smartphones IBM User Tips Camera Identity Theft IT Services Supercomputer Android Operating System Company Culture App Software BDR Shortcuts Business Email Internet of Things User Error Data Recovery ISP Skype Content Management Managed Service Provider Nanotechnology Malware

Newsletter Sign Up