Male Rep1

 

 "Affordable, Effective, and Fast"

Have IT Questions?
Call us now (888) 894-6411

TWINTEL Solutions Blog

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.

TWINTEL Solutions 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 (888) 894-6411.

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
Wednesday, February 20 2019
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code

Our 10 Benefits

Our 10 Benefits Whitepaper

This whitepaper will evaluate the differences between traditional technical support practices and modern managed IT practices and the pros and cons of both in regards to small and medium-sized businesses.

Download Now!   Need A Consultation?

Tag Cloud

Security Tip of the Week Best Practices Technology Cloud Privacy Business Computing Hackers Network Security Hosted Solutions Backup Malware Mobile Devices Google VoIP Data Microsoft Disaster Recovery Business roundup Internet communications nonprofit Software Business Continuity Email bgc Innovation Managed IT Services Outsourced IT IT Services Alert User Tips Smartphones Hardware Productivity Tech Term Data Backup Browser Windows 10 Managed IT Services Efficiency Server Saving Money Data Recovery Computer Cloud Computing Ransomware Smartphone Internet of Things IT Support Cybercrime Android Workplace Tips Business Management Small Business IT Support Communication Network BDR Computers Artificial Intelligence Quick Tips Save Money Productivity Cybersecurity Windows Office Passwords Miscellaneous Gadgets Mobile Device Management Router Managed IT Money Social Engineering Mobile Device Mobility Telephone Systems BYOD Chrome Holiday Windows 10 Recovery Applications Vulnerability Automation Firewall Health Wi-Fi Work/Life Balance Social Media Phishing Virtualization Office 365 Proactive IT Upgrade Law Enforcement Hacking Collaboration Private Cloud Facebook Bring Your Own Device Bandwidth Office Tips Avoiding Downtime Budget Data Protection Flexibility How To App Compliance Managed Service Provider Information Password Microsoft Office VPN Remote Monitoring Google Drive Two-factor Authentication Word HaaS History Save Time Black Market Sports Spam Scam Settings Operating System Value Mobile Computing Apps Redundancy Keyboard Voice over Internet Protocol Safety Software as a Service Data Security Servers Identity Theft Connectivity Data Breach Business Intelligence Encryption Managed Service Remote Computing Information Technology HIPAA OneNote Samsung Blockchain Virtual Assistant Windows 7 Fraud Physical Security Risk Management Google Docs Charger Unsupported Software Automobile Telephony Human Resources Telephone System Electronic Medical Records Data Storage Website End of Support USB Wireless Technology Data storage Data Management Worker Infrastructure Paperless Office YouTube Employer-Employee Relationship IT Management Spam Blocking Battery Content Filtering Entertainment Unified Threat Management Comparison Machine Learning IT Plan SaaS Business Owner Hiring/Firing Cleaning CES Government Emergency PDF Update Solid State Drive Big Data Computing Infrastructure Training Workers Marketing The Internet of Things Document Management Computer Care Content Management Credit Cards WiFi Patch Management Access Control Legal Hacker Security Cameras Instant Messaging Data Warehousing Lifestyle Assessment Accountants MSP Sync Wireless Charging Computer Accessories Conferencing Cortana Wire Apple Users IT Consultant Thought Leadership Mouse Help Desk Cast Net Neutrality Touchpad Hosted Solution Workforce Supercomputer Authentication Best Practice Internet Exlporer Content Mobile Recycling Enterprise Content Management Botnet Search Television CrashOverride File Sharing NarrowBand Fiber-Optic Bluetooth Netflix Google Apps Smart Office Audit iPhone Virtual Reality Regulations Amazon Leadership Twitter Administrator Shortcuts Politics eWaste Password Management ISP Frequently Asked Questions Telecommuting Transportation Current Events Nanotechnology Camera Audiobook Professional Services Smartwatch Going Green How to Software Tips Public Computer Practices Augmented Reality User Error Skype Cables Loyalty Computer Fan Staff Regulation Downtime Worker Commute Amazon Web Services Addiction Social Wireless Criminal NIST Excel Remote Work Benefits Knowledge Smart Tech Printers Microchip Reputation Video Games Advertising Meetings Employee Hard Drives Troubleshooting Hosted Computing Remote Worker Monitor Colocation Start Menu Unified Communications Rootkit Password Manager Multi-Factor Security FENG Digital Signature Robot Online Shopping Cache Vendor Scalability Experience Windows 10s Cryptocurrency Education Tip of the week Smart Technology Network Congestion Warranty Search Engine Customers Data loss Digital Signage Relocation HBO Specifications Inventory Wiring Tools Theft Business Mangement HVAC Trending Techology Files Flash Evernote Employer Employee Relationship webinar Wireless Internet Display Public Cloud Safe Mode Windows Server 2008 Two Factor Authentication Devices Printer Bing Screen Mirroring Google Search Laptop Humor Shadow IT Books Outlook Millennials IBM Chromecast Vendor Management Gmail Networking E-Commerce Thank You Congratulations nonprofits GDPR