What is Cryptojacking? Infection, threat, menace!

0
278

Cryptojacking-infection, threat, menace! Hackers today use cryptojacking to infiltrate your computer and use the resources of your computer to mine for cryptocurrencies. You will learn how they take advantage of your PC resources and also the means you need to take to step on their tail before they get you.

Cryptocurrencies – what are they?

In the Online world there is a form of digital money that has no actual physical form, yes that is the world we live in now, and they are called cryptocurrencies. First of all, they were created to replace the traditional paper money and later on they gained popularity amongst the people. Their futuristic design, a potential in growing and anonymity got them the deserved attraction all around the world. Who would imagine that less then a decade after their invention we would be using them to buy/sell things, and also to make investments?

The most successful form of cryptocurrencies, you probably know already but don’t worry if you don’t, is Bitcoin. It came out in 2009 and by the end of the year of 2017, the value of a single bitcoin had reached an all-time high price of nearly $20,000. Now in 2019, its value has dramatically dropped to the sad amount of $4,129.

Cryptocurrencies like bitcoin aren’t backed by a specific government or a bank, unlike the traditional currencies that we are used to using. There is no central regulator or government oversight. Cryptocurrencies are decentralized and are being controlled in multiple duplicate databases at the same time across a network of millions of computers that don’t belong to a single person or organization. How are new coins made and how do they verify the transfer of funds? Well, the cryptocurrency database uses encryption to control everything.

what is cryptojacking

But still, what is cryptojacking?

A trick to use people’s devices, without them knowing, to mine cryptocurrencies on their own dime is called cryptojacking. To save money on building their personal cryptomining computer, hackers use cryptojacking to take resources from their victims’ devices… It is genius if you ask me (Illegal and immoral…But genius!)

If you fall to cryptojacking, you won’t even notice, that’s the worse part. The Cryptojacking software is made to hide from the user. Nevertheless, it doesn’t mean it can’t harm your device and your bills. This thievery of your computing resources can decrease other processes, multiply your electricity bill, and sadly shorten the life of your device (we know how much devices mean to people these days).

You might be wondering what must be the motivation for hackers, it is simply: money! Cryptojacking can be used to cut substantial costs on cryptomining. For someone that doesn’t have the necessary resources and has some questionable moral, cryptojacking is a cheaper way to mine for very valuable coins.

what is cryptojacking

How does cryptojacking works?

There are two main ways hackers use to get in a victims computer and mine cryptocurrencies in secret:

  • First one is to fool your victims into loading a cryptomining code onto their computers. The way this is done is through phishing-like tactics. How this goes is, you will get an email that encourages you to click on a link. Afterwards, the link will run a code that places a cryptomining script onto your computer. Then it hides in the background and work.
  • The second method is to put a script on a website or an ad that is going to be on multiple sites. When you go on the website or the infected ad pop-ups, the script will automatically work.

So they can maximize their return hackers would often use both methods.

what is cryptojacking

How would you detect cryptojacking?

Despite all your efforts to stop it, cryptojacking can affect your organization. Trying to detect it will be difficult, especially if only a few of your systems are compromised. And if you rely on your antivirus tools to help you, they just won’t be even noticed. So here we give you a couple of ways that might help you:

  • First of all train your help desk to detect signs of cryptomining. What can first occur is a spike in help desk complaints about how slow the computer performance is. That should encourage you to look into it further.
  • Some other signal that the help desk should look into is an overheating system. For thin mobile devices, this is especially true.
  • What you can do is to deploy a network monitoring solution. It is believed that it is easier to detect cryptojacking in a corporate network. So network monitoring is your best bet to detect cryptojacking.
  • Also, what you should do is to monitor your own websites for a cryptomining code. You should be warned that hackers are findings ways to place bits of code on web servers. So regularly watch for file changes on the web server.

Cryptojacking methods are continually evolving, so stay on top of them. Understanding their behaviour can help you detect cryptojacking better.

what is cryptojacking

How to stop cryptojacking even before it starts?

There are few ways to minimize the risk of falling prey to cryptojacking:

  • You should incorporate cryptojacking threat into your security training, by focusing on phishing-type attempts. Mainly because of the belief that phishing will still be the primary method for cryptojacking.
  • Installing ad-blocking or anti-cryptomining extensions on your web browsers could help you in stopping cryptojacking. Since its scripts are often delivered through web ads, ad blocker can be a useful tool in helping you prevent it.
  • For detecting known crypto miners, endpoint protection is capable of helping you with that. Despite this, crypto minor authors are constantly changing their ways to avoid being detected, so be aware.
  • Your web filtering tools should be up to date. If you by some chance identify a web page that is delivering cryptojacking scripts, make sure to block them.
  • Mobile device management solution is a great tool to use on your mobile devices for better control. It can help you with managing apps and extensions on your devices. Mobile device management solution is usually used by larger companies because smaller companies just can’t afford them. Also, it should be noted that mobile devices are not at risk as computers and servers are.

The methods mentioned above are not foolproof. But since that is all you have, there is not much that you can do appart from being safe!

Cryptojacking is relatively new, there aren’t many methods to help you protect yourself from their attacks. It is a new way of stealing from you. But hopefully, in the future, you will have measures on your hand to help you in protecting your property.