Categories: Cryptocurrency exchange

What is Cryptojacking? Identifiers & Prevention Tips

Read on to learn how Flowmon helps facilitate this by detecting activities from even the most sophisticated cryptojacking malware. However, there are a few things that may help you prevent or detect cryptojacking malware. Because you are rewarded with a bitcoin once the block is added to the blockchain. So yes, your computer could essentially be making you money without you lifting a finger. Cryptocurrencies created a new decentralized system that many hoped would make it difficult to forge transactions. However, hackers have still found a way to abuse it and make easy money.

How to detect cryptojacking

When done in a dubious manner, it’s important for cryptojacking to be stealthy. This is because whenever a victim notices unusual activity, it generally prompts them toward a much quicker discovery, then removing the cryptojacking software. A single hijacked device won’t What is cryptojacking make an attacker a whole lot of cash, but if they target thousands or millions of computers, tablets, smartphones and IoT devices, it can be a lucrative moneymaker. During this time, the cryptojackers continued to up their game, invading increasingly powerful hardware.

Cryptomining Begins

Once the keys are accessed, cryptojackers use the CPU’s resources to mine.
If you want to conceptualize the process with a more tangible analogy, imagine a gang siphoning off a liter of gas each from thousands of cars.
Cryptojacking can target individual consumers, massive institutions, and even industrial control systems.
The larger cryptocurrencies use teams of miners running dedicated computer rigs to complete the necessary mathematical calculations.
Cryptojackers target victims’ computing resources to offload the mining expenses to as many entities as possible.
Dodgier sites do this in secret, using their site visitors’ resources without informed consent.

The malicious HTML file was a Trojan that led victims to a website that hosted a cryptojacking script. When victims went to the site, the Coinhive-based script would run, using their processing power to mine Monero for the attackers. As the price of Bitcoin and other cryptocurrencies began to rise, ASIC miners moved onto the scene. These are essentially computers that are set up to maximize their cryptocurrency mining abilities, which made it more difficult for cryptojacking malware on PCs, or browser-level cryptojacking services to compete. Over the past several years, cryptojacking has become a fairly common threat type, surging in popularity in 2017 and 2018. In February 2018, Malwarebytes Labs published that malicious cryptomining had become the most common detection type since September 2017.

Disable JavaScript

If this is the case, it’s a very serious issue – not only has your site been draining the resources of its guests, but it also means that your site has been compromised and attackers could be causing other damage. If you are sure that you have cryptojacking malware, but your antivirus hasn’t been able to find it, you can also try to restore your computer to a previous point, or completely reformat your hard drive. One of the good things about the page was that it allowed site visitors to choose how much of their processing power they were donating. If it slowed down their computer too much, they could cut it back to a more manageable level.

These devices would then be used to mine cryptocurrencies with a range of different scripts.
The mathematical puzzles require large amounts of computational power, which means that miners need to pay for equipment and electricity to compete.
Although legitimate cryptomining is a legal way to obtain cryptocurrency like Bitcoin, cryptojacking is a malicious form of mining that allows cybercriminals to mine for free.
Many cryptocurrencies have market caps that limit the supply of coins that can be mined.
Because you are rewarded with a bitcoin once the block is added to the blockchain.

Is cryptomining a crime?

Another option for cryptojacking detection is to run an antivirus scan and see if anything pops up. Although some legitimate cryptojacking code may be whitelisted by certain antivirus software, the more common ones that cryptojack in secret are likely to be flagged. The script checked for other miners on the system, and if it discovered any, it stopped them from running, then ran its own binaries.

During the mining process, a computer’s resources are devoted to figuring out the encryption. Once the encryption has been solved, it has to be verified by other users on the network. If the solution checks out, it is certified by the system as legitimate, and whoever solved it is rewarded with cryptocurrency. Those who verified the validity of the solution are also rewarded for their efforts.