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Optiv Cybersecurity Dictionary
Cryptomining is a system by which "miners" contribute computer processing power and get paid in cryptocurrency to validate blockchain transactions. In its malicious form, cryptojacking is where hackers take control of a victim's computing resources to secretly mine cryptocurrency for their own benefit.
This activity is attractive to hackers because they can infect multiple computers that then continuously mine for them, and the risk of being caught is lower since the code is surreptitious and can go undetected for a long time. Cryptojacking is different from most other types of malware because, in most cases, it doesn't permanently damage infrastructure or misappropriate victims’ data, however, it does steal CPU processing resources. The popularity of both cryptomining and cryptojacking will be closely tied to the price of crypocurrencies, which have proven to be highly volatile.
February 06, 2018
Optiv has seen a continuation of attacks based off the usage of CryptoNight miner, in this case likely mining Monero cryptocurrency for the attackers....
December 05, 2017
Cryptocurrencies are a libertarian ideal: a monetary system outside the control of big government. The modern digital world provides the necessary....
September 26, 2018
In today’s digital world, data is currency. Nowhere does this phenomenon show itself more clearly than in the world of payment transactions. Payment....