Cryptojacking (Cryptomining Botnets) Beyond straight coin theft from exchanges, cryptojacking has proved to be one of the biggest growth markets for cybercriminals in 2018. The idea behind cryptojacking is to steal compute power - typically through some form of malware-delivered botnet infrastructure - from legitimate machines in order to get them mining cryptocoins. That stolen compute can come from Internet of Things (IoT) devices, cloud buckets, web servers, mobile devices, and individual PCs. Basically, if your system has a processor and is connected to power, the bad guys are looking to recruit it. Some of the latest estimates show that up to one in four businesses are targeted by cryptojacking in the cloud. 'Last year, we saw a spate of breaches where hackers went after valuable data in the public cloud,' says Zohar Alon, co-founder and CEO of Dome9. 'But data is not the only valuable asset in the cloud. Now we're starting to see hackers steal compute cycles for cryptomining. By flying under the radar, these illegal mining operations can go undetected for months, racking up the public cloud bill and costing millions.' It's a call to arms for enterprises, which need to get better at fending off cryptojacking attacks that piggyback off of their IT investments. Image Source: Adobe Stock (alphaspirit)
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