XFER has been serving Michigan since 1994, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

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 734-927-6666 / 800-438-9337.

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
Saturday, March 23 2019
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

Security Technology Tip of the Week Privacy Microsoft Internet Cloud Best Practices Saving Money Backup Workplace Tips Software Business Computing Managed Service Provider Hosted Solutions Data Hackers Small Business Google Mobile Devices Hardware Productivity VoIP Mobile Office Malware Email Network Security Gadgets Quick Tips Efficiency Innovation Business Management Network IT Services IT Support Business Social Media Smartphones Server Business Continuity Miscellaneous Upgrade User Tips Communications Communication Virtualization Windows Disaster Recovery Data Backup Computer Managed IT Services Microsoft Office Users Data Recovery Smartphone Mobile Device Management Android Passwords Browser Holiday Internet of Things Marketing Save Money WiFi Productivity Alert Vendor Management Outsourced IT Ransomware Tech Term Cloud Computing BDR Operating System Cybercrime Artificial Intelligence Mobile Computing Windows 10 Router Chrome Remote Monitoring Apple BYOD Information Technology Remote Computing Computers Avoiding Downtime Automation Bring Your Own Device Cybersecurity Spam Going Green Firewall Big Data Telephone Systems Collaboration IT Solutions VPN The Internet of Things Health Current Events Managed IT Services History Best Practice IT Consultant Proactive IT Printer Facebook Application Windows 10 Hacking Trending Social Engineering Phone System Employer-Employee Relationship Wireless Technology Money App Mobility Mobile Device Budget IT Support Bandwidth Encryption Lithium-ion Battery Excel Office How To Two-factor Authentication Business Intelligence Recovery Unified Threat Management Phishing Business Managament Private Cloud Fax Server iPhone Office 365 Training Maintenance Applications Networking Windows 8 Mouse Content Filtering Settings Google Drive Data Security Apps User Error Information Managed IT Antivirus Humor PowerPoint Outlook Analytics Tutorials Save Time Virus File Sharing Redundancy Law Enforcement Website Customer Relationship Management Hard Drives Data Protection Blockchain Gmail Word Sports Value Access Control Retail Scam Document Management Risk Management Human Resources Administration Identity Theft Streaming Media Machine Learning Social Networking Voice over Internet Protocol Digital Payment Network Congestion Hacker Computer Repair Analysis IT Management Saving Time Paperless Office Managed Service Augmented Reality Wi-Fi Servers Business Technology Downtime Administrator Connectivity Meetings Memory Data Management Vulnerability Software as a Service Office Tips Conferencing Compliance Social Flexibility Inbound Marketing Search Entertainment Tech Support Tablet Twitter Point of Sale SaaS Environment Google Docs Smart Tech Recycling Windows 7 Touchscreen Botnet Cryptocurrency Education Statistics Data loss Biometrics Data storage IT service Skype eWaste Spam Blocking Programming Internet Exlporer Video Surveillance Credit Cards PDF Running Cable HaaS End of Support Intranet Safety Virtual Private Network Government IBM CES Wearable Technology YouTube Piracy Fraud USB Leadership Robot IT Plan Net Neutrality OneNote Manufacturing Webinar Best Available DDoS Content Management Virtual Assistant Display Computer Accessories Help Desk Infrastructure Bluetooth Solid State Drive Data Storage Unsupported Software Healthcare People Keyboard Black Market Samsung Update Telephone System Work/Life Balance Data Breach Wireless Physical Security Cleaning Password Telephony Public Cloud Instant Messaging Comparison Online Currency Workers Wire Microchip Colocation Computer Fan Database Staff Laptop Supercomputer Online Shopping SharePoint File Versioning Business Mangement IT Security Shadow IT Cameras Macro Content Filter Camera Licensing Smartwatch Start Menu Theft Vendor Print Server Hybrid Cloud Data Warehousing Co-managed IT Specifications Authentication MSP Smart Office nternet Crowdfunding IaaS Computing Infrastructure FENG Virtual Reality Distribution Digital Signature Insurance Remote Support Touchpad Knowledge WIndows 7 Regulations Evernote Patch Management Relocation Multiple Versions Travel Criminal Safe Mode Legal Printer Server Shortcut HBO Storage User Employee Mobile Cortana HVAC Security Cameras Law Firm IT Screen Mirroring Worker Commute Millennials Nanotechnology Remote Worker Company Culture 360 Monitor Emails Wireless Charging Search Engine Electronic Medical Records Bloatware Logistics Webcam Multi-Factor Security Strategy Practices Managing Stress Domains LinkedIn Windows 10s Science Restore Data Accountants Business Owner Frequently Asked Questions Addiction Digital Signage Professional Services Google Apps Enterprise Content Management Employee/Employer Relationship Charger Cast Workforce Wiring Reputation PC Care Flash Fiber-Optic Students Bing Hiring/Firing Internet exploMicrosoft Entrepreneur Lifestyle Hosted Computing Proactive Windows 8.1 Update HIPAA Cache Project Management Tablets Backup and Disaster Recovery Scheduling NarrowBand 3D Tip of the week Amazon Hiring/Firing Google Search Tools Password Management Debate Uninterrupted Power Supply Computer Care Windows Media Player Virtual Desktop eBay Telecommuting Devices GDPR Hosted Solution Customers Sync Alerts Cables Shortcuts Advertising Cost Management Biometric Security Inventory Remote Monitoring and Maintenance Wireless Internet Warranty Distributed Denial of Service Files Audit Upgrades Analyitcs Cryptomining IoT Chromecast Windows Server 2008 Amazon Web Services Netflix ISP Password Manager NIST Customer Service Software Tips Text Messaging Remote Work Thought Leadership E-Commerce Work Station Unified Communications Electronic Health Records eCommerce Notifications Root Cause Analysis Gaming Console Line of Business Consultant Two Factor Authentication Regulation Content How to Emergency Techology Worker Music Utility Computing Audiobook Assessment Printers Rootkit Politics Transportation Television Troubleshooting Webinar Battery Benefits Automobile Public Computer Video Games IT solutions Thank You Employer Employee Relationship CrashOverride Smart Technology Scalability Books Loyalty Congratulations Experience

Sign up for our Newsletter!

  • Company Name *
  • First Name *
  • Last Name *