253.777.0763    Get SUPPORT

Cryptomining is Inspiring Cybercrime

Cryptomining is Inspiring Cybercrime

Blockchain technology is mainly known for its use with cryptocurrencies. Even though the values of cryptocurrencies have leveled off after the incredible growth it has sustained over the past few months, users are still attempting to use cryptocurrencies to make a little bit of extra cash on the side. Of course, if there is money involved, you can bet that there will also be criminals and shady activity surrounding it.

Criminals love to take advantage of cryptocurrencies due to how much they value anonymity. Unfortunately for hackers, mining cryptocurrency legitimately can be expensive and take a long time. You even need dedicated computer hardware in order to do it, which creates substantial costs, like an increase in your power bill.

Due to how difficult it can be to mine cryptocurrency, a new threat called crypto-jacking has popped up. This type of malware hides on a user’s device and steals its resources for the purposes of mining cryptocurrency. This can lead to devastating results--a higher electric bill, lower device performance as a whole, and more wear and tear on your device’s components. This type of malware only works if the device accesses a compromised website. In the past, this threat would only work if the device remained on the website during the duration of the attack, but hackers have since found ways around this. Some infected websites have gotten so crafty that they can hide a pop-up behind the computer’s task bar, where it can remain for as long as the hacker needs it to.

Crypto-miners are also known for spreading this hidden code to all kinds of websites themselves, as well as through malicious browser extensions. This type of malware is has been found on a broad variety of different websites, like the United States Courts, the United Kingdom’s National Health Service, and the Australian state governments of Victoria and Queensland. It was found in a text-to-speech translation plugin used on these sites. Consequently, the developer of this plugin removed it from all sites as soon as it was discovered.

It’s incredibly important that your business pays attention to these kinds of events and trends, as they could create considerable issues for your organization’s operations. If you’re paying a lot of money for your business’ Internet solution, then hackers are taking advantage of all your bandwidth to pull a fast one on you. Cryptocurrency mining is one of those tasks that takes its toll on even the most powerful hardware, making it likely to shorten your technology’s lifespan. This ultimately costs your business in more ways than one.

Thankfully, there are ways that you can combat these attacks. Some browsers are incorporating anti-cryptocurrency measures, and some antivirus programs are making strides toward straight-up blocking crypto-jacking attempts in the first place. Furthermore, there are some extensions that also block crypto-mining and crypto-jacking scripts entirely.

Graemouse Technologies can help you make sure that your IT solutions are running optimally, as well as securing your organization’s network from potential attacks. To learn more, reach out to us at 253.777.0763.

Know Your Tech: Safe Mode
Understanding the New NIST Guidelines for Password...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, July 22 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Network Congestion Upgrade Cloud Flash Server Data Storage Net Neutrality Update Data Breach Save Money Business Continuity USB Content Management YouTube OneNote Windows Server 2008 Telephone Systems Identity Theft Hybrid Cloud FENG Tech Term Bandwidth IT Services Workers Root Cause Analysis eWaste Communications Spam Blocking Cloud Computing Internet of Things Remote Monitoring Authentication Malware Avoiding Downtime Communication Inventory Hardware Small Business Disaster Recovery Bring Your Own Device Trending Windows 10 Virtualization Backup Legal Physical Security Access Control Network Start Menu Files Alert Work/Life Balance Safety Botnet Network Security Skype Money Hiring/Firing Security Telephony CES Machine Learning Scam Saving Money Mobile Devices End of Support IT Management VPN Microsoft Apps Wireless Internet Health Email Windows Managed IT Services HVAC IBM IT Plan Redundancy Passwords Password Business Management Collaboration Office 365 webinar Digital Signature Office Patch Management Spam Credit Cards BYOD Law Enforcement Wi-Fi Tip of the Week PDF Best Practices Private Cloud Cleaning Connectivity Travel Facebook Hackers Quick Tips Devices Android App BDR Phishing Smartphones Chrome User Tips Windows 10s Hosted Solutions Thought Leadership Data Recovery Google Frequently Asked Questions Employer-Employee Relationship Online Shopping Business Mobile Device Website Gadgets Unsupported Software Knowledge Blockchain Router Internet Cybersecurity Paperless Office Amazon Web Services Software Managed IT Data Protection Netflix Applications Networking Conferencing Mobile Device Management Productivity Privacy Managed IT Services Relocation Excel Browser Comparison HaaS Windows 10 Artificial Intelligence Ransomware FCC Computer Evernote Cybercrime Infrastructure Vulnerability Public Cloud Meetings VoIP Business Computing Specifications Outsourced IT Data Two-factor Authentication Humor Safe Mode How To Smartphone Marketing Innovation Flexibility History Apple Internet Exlporer Social Media Accountants Data Security Charger Wire Automation Telephone System Social Engineering Workplace Tips Government Business Intelligence Enterprise Content Management Efficiency IT Support Technology Remote Work Virtual Assistant HIPAA Microsoft Office Word Computers Google Drive Recycling Data Backup Operating System Windows 7

Newsletter Sign Up