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 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.

XFER 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 734-927-6666 / 800-Get-XFER.

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


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Friday, December 14 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

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

Sign up for our Newsletter!

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