Cryptojacking
Cryptojacking is a threat that implants itself within a mobile device or computer and then employs measures to mine cryptocurrency. Cryptocurrency is virtual or digital money, which adopts the form of coins or tokens. The most prominent example is Bitcoin, however, there are around 3,000 other types of cryptocurrency. While certain cryptocurrencies have moved into the physical world via credit cards and the like, the majority remain virtual. Cryptocurrencies operate using a distributed database called a blockchain. The blockchain is updated regularly with information about the transactions that have occurred since the previous update. Every set of recent transactions is merged into a “block” as determined through a complex mathematical process. Malicious mining is less destructive than other cyber threats such as ransomware, but this doesn’t mean that it is something to dismiss. Cryptojacking attacks might result in both indirect and direct losses for an organization. In ...