Cryptojacking: Things You Should Know to Avoid Cyber Attacks

Cryptojacking: Things You Should Know to Avoid Cyber Attacks image

The cyberspace is home to some of the biggest companies in the world. To this effect, online money movement has grown in colossal leaps and bounds in the last decade. These online blessings are not without challenges. They have also transformed the internet into a devil's playing field. For example, cryptojacking is a new form of online malicious activity that's inspired by the rise of Bitcoin and other cryptocurrencies.

Understanding Cryptojacking

Cryptojacking mostly affects cryptocurrency miners. This means that as you mine your blockchains, hackers can infiltrate your computer system and run malware with the sole intent of stealing your digital currency once mined. The loot is then stashed in deep web vaults and used to sponsor illicit activities. In some instances, the stolen crypto can be sold to unsuspecting buyers at profit.

Cryptojacking is a complex cybercrime. Its tenets include the introduction of malware that strains your mining endeavors.  The end game is to slow down your computer by draining its power - killing it, in the long run, to leave behind no trace of the crime. Hackers attain this feat with the help of highly encrypted mining scripts - usually written in JavaScript. The good news is that you can avoid all these by keeping a few security measures in mind.

Cryptojacking: Things You Should Know to Avoid Cyber Attacks!

Avoid paying for cryptomining activities while hackers ran away with our profits. Invest in a high-speed processor. Keep an eye on the tell-tale signs. Monitor the system's response closely. A slowdown in the system's operations or overheating incidents often indicates system breach.

Most cryptomining platforms have security tools that you can run to flash out any possible malware intrusion and beef up the security parameters further. It's also prudent to invest in an anti-malware software program that's dedicated to crypto-mining protection. Note that these anti-virus versions are coded in line with the crypto-currency code sequence to make them highly effective and beneficial to crypto-miners.

Of Phishing and Cryptojacking

You may think that phishing is an old cyber attack tactic that the tech world has outgrown. In reality, phishing is alive and well. Many of the cyber attacks that may curtail your crypto-mining activities may emanate from the information you fed the hackers unknowingly. Crypto-phishing activities are, however, done in a more sophisticated manner.

The underlying trick is to get you to upload your cryptomining code. A hacker may convince you to upload the code by introducing unique ransomware into your virtual mainframe. The malware pops up a dialogue box that instructs you to key in the code before you continue with a specific crypto-mining task from time to time. Instead of following the possible intruder's instructions blindly, stop and run a top-notch security check.

Avoid clicking on strange links. Many of these links are designed to introduce a cryptomining script into your system and this allows the hacker to penetrate and passively monitor your activities. Invest in a valid virtual private network (VPN) system to keep your IP address off the hackers' radar. Other than this, you can get an online security system that runs on high-end Artificial Intelligence (AI) parameters. This enables you to tighten other online security breach vectors such as your home or office cameras and other network attached storage (NAS) devices that can be hacked into to monitor your cryptomining activities.

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