With the massive success in Bitcoin, cryptocurrency has described its popularity of cryptomining. Certainly, the admiration doesn’t lag with its unpredictability and setting the new records than before. So, let’s learn more about cryptojacking and reasons for its rise!
What is Cryptojacking?
Cryptojacking is nothing but using someone else’s computer without their knowledge to mine cryptocurrency. It is an illegal way to install a software/program or click on suspicious links to infect the device surreptitiously.
Why Cryptojacking Continues to Rise?
According to Alex Vaystikh, CTO, and co-founder of SecBI, as compared to Ransomware and other malware, cryptojacking is much easier and profitable alternative for hackers. When attackers target 100 computers with ransomware only three out of hundred pay the ransom whereas Crypto Jackers target all the 100 infected computers to mine cryptocurrency.
On 21st November 2017, one of the well-recognized website “Adguard” reported that cryptojacking has gained a 31% hike in-browser mining in last few months. According to the company’s research around 33,000 websites are running crypto mining scripts especially those websites which have gained billion of monthly users.
So, the bottom line is, there is no major peril and chances are very less to get caught as compared to ransomware. Moreover, one of the best reasons that hackers prefer crypto mining is because it runs on the mining codes secretly that can be concealed for a longer period.
Know More: Chrome: Secret Crypto Jacker!
How Does Cryptojacking Work?
The worst part is, there is no way to directly find out whether attackers have hijacked your computer for digital revenue gain. cryptojacking doesn’t hamper the performance of your machine so you cannot say that the page has been a hidden mining component or not.
How to Avert Cryptojacking Cyberattacks?
As precaution is better than cure, so taking a few steps to prevent crytojacking attackers is one of the best thing you can do. So, here are some of the tips you can use to do the same.
- Use Anti-Crypto Mining and Ad-Blocking Extension In Your Browsers
As, most of the time cryptojacking scripts are entered to your machine through the web so using the anti- Crypto Mining tool is an effective way to prevent them from entering into your device. Don’t you think? There are a lot of remarkable tools available that can easily detect the mining script and alert you about your device’s condition. In fact, you can use recommended extensions to add an extra layer of security to your device. MinerBlock and No Coin are some of the recommendations from Laliberte.
- Think Twice Before Using Your Browser Extensions
It is another way that has been used by hackers to infect your computer by providing the spiteful and poisoning legitimate extensions, which can easily perform crypto mining scripts without your knowledge.
- Update Your Web Filtering Programs Regularly
A web filter is a program that is capable of screening out a certain amount of malware and incoming connections. So, if you’re suspicious of the website or page that provides cryptojacking scripts, then you need to inform the vendor/customers to block it at the same time.
How to Respond to the Attack?
Follow the below instructions to deal with Cryptojacking attacks:
- Update and Remove Unwanted Browser Extensions
Please keep in mind whenever the extension is infected and the infection is transferred to the browser then closing the tab is not going to make any sense. You will have to remove the infected extension and browser and update the rest of extensions.
- Block Your Website Scripts
So, the bottom line is, cryptojacking is a new form of malware that is unethical and uses your computer to mine cryptocurrency without your knowledge. Indeed, this is the time for users to pull up their socks to prevent their devices from getting infected.
Next Read: How To Mine Ethereum On Your Laptop