Crypto Currency

Cryptojacking Took Over the Internet in 2018

cryptojacking has been exactly that. It's officially everywhere, and it's not going away.The concept of cryptojacking is pretty simple: An attacker finds a way to harness the processing power of computers she doesn't own—or pay the electric bills on—to mine cryptocurrency for herself. Malicious mining malware has lurked for a while, but attackers didn't realize…


cryptojacking has been exactly that. It’s officially everywhere, and it’s not going away.

The concept of cryptojacking is pretty simple: An attacker finds a way to harness the processing power of computers she doesn’t own—or pay the electric bills on—to mine cryptocurrency for herself. Malicious mining malware has lurked for a while, but attackers didn’t realize its full potential until a group called Coinhive created a simple mining module in September 2017 that could embed in virtually any website.

Once it’s there, anyone who goes to the page will contribute CPU cycles to mining for the module’s owner for however long they have the tab open. Coinhive has said that it intended for the tool to provide an alternate revenue stream for websites, but criminals quickly realized that they could find and exploit vulnerabilities in all sorts of highly trafficked sites to quietly implant their own cryptojacking modules.

“Cryptojacking had a 35 percent share of all web threats, and that is honestly absolutely insane.”

Tyler Moffitt, Webroot

With cryptocurrency hitting all-time highs in late 2017 and early 2018, the cryptojacking’s popularity exploded. And it has since evolved and matured in all sorts of fascinating and alarming ways. Malicious miners have shown up on mobile devices, in cloud infrastructure, on Internet of Things gadgets, and even in critical infrastructure. And while donating a little bit of processing power to mining sometimes takes little toll on a victim, more aggressive miners can interfere with affected device processes, disrupt work, and even wear on them to the point of physical damage.

“When we did our midyear threat report for 2018 we found that cryptojacking had a 35 percent share of all web threats and that is honestly absolutely insane,” says Tyler Moffitt, senior threat researcher at the security firm Webroot. “This is a new threat that just came out in late September 2017. Even if it drops down to 25 p

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

The 2036 Issue: Letter From The Editor

Bitcoin Magazine The 2036 Issue: Letter From The Editor The 2036 Issue takes a look at the challenges and opportunities of the coming decade, and how Bitcoiners can make the most of them. This post The 2036 Issue: Letter From The Editor first appeared on Bitcoin Magazine and is written by Shinobi…

Bitcoin Magazine

The 2036 Issue: Letter From The Editor
The 2036 Issue takes a look at the challenges and opportunities of the coming decade, and how Bitcoiners can make the most of them.
This post The 2036 Issue: Letter From The Editor first appeared on Bitcoin Magazine and is written by Shinobi…
Read More

Continue Reading
Crypto Currency

Binance Marks Africa Month With Push for Digital Inclusion Across Continent

Binance, the world’s largest cryptocurrency exchange by trading volume, used Africa Month to deepen its engagement on the continent, positioning digital assets and blockchain technology as tools for economic inclusion and community development. The company said it ran a month-long campaign from April 25 to May 25 aimed at boosting participation in the digital economy…

Binance, the world’s largest cryptocurrency exchange by trading volume, used Africa Month to deepen its engagement on the continent, positioning digital assets and blockchain technology as tools for economic inclusion and community development. The company said it ran a month-long campaign from April 25 to May 25 aimed at boosting participation in the digital economy…
Read More

Continue Reading
Crypto Currency

France Dominates 70% Global Crypto Wrench Attacks Raising Investor Fears

Crypto Wrench Attacks, France crypto kidnappings, Bitcoin holder security risks, crypto KYC data leak, crypto crime news today, Ledger data breach impact, Bitcoin investor safety concerns, crypto surveillance and privacy risks, France cryptocurrency crime wave, crypto wallet security solutions…

Crypto Wrench Attacks, France crypto kidnappings, Bitcoin holder security risks, crypto KYC data leak, crypto crime news today, Ledger data breach impact, Bitcoin investor safety concerns, crypto surveillance and privacy risks, France cryptocurrency crime wave, crypto wallet security solutions…
Read More

Continue Reading
Crypto Currency

Bitdeer Sells 100% Of Weekly Bitcoin Output As ETF Outflows and Market Weakness Push BTC Below $75K

Bitdeer, a Nasdaq-listed Bitcoin mining company, sent shockwaves throughout the cryptocurrency market when it confirmed that all weekly Bitcoin production was sold and that its own holdings amounted to zero. This decision comes as Bitcoin prices come under renewed pressure turning one of the larger players she mines to a cautious stance…

Bitdeer, a Nasdaq-listed Bitcoin mining company, sent shockwaves throughout the cryptocurrency market when it confirmed that all weekly Bitcoin production was sold and that its own holdings amounted to zero. This decision comes as Bitcoin prices come under renewed pressure turning one of the larger players she mines to a cautious stance…
Read More

Continue Reading