WHAT IS CRYPTO JACKING AND HOW TO PREVENT IT
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We are currently in a framework dominated by new technologies. Its evolution also gives way to emerging threats on the Internet that use resources found on computers or mobile devices. There are attacks that remain hidden from the user. Find out what crypto jacking is and the keys to prevent it.
What
Is Crypto Jacking?
Crypto jacking is understood as the unauthorized use of
other people's devices, such as a computer or mobile device, by cybercriminals
for the purpose of mining cryptocurrencies.
Cryptocurrencies are electronic money converted into lines
of code that have a monetary value. It only exists in the digital world and they
don't have a physical form. They were created as an alternative to traditional
money. The most successful cryptocurrency is bitcoin, a digital currency that
was born in 2009. The success of this currency inspired the creation of other
cryptocurrencies.
Unlike physical and traditional currencies,
cryptocurrencies are not backed by any government or a specific bank. They are
decentralized and managed in multiple databases that use encryption to control
the creation of new currencies and verify the transfer of funds.
Cryptocurrencies come into circulation with mining, a process that consists of computing resources in the form of cryptocurrency coins. These coins have broken into the financial market as they have seen very good financing opportunities in Block chain technology. As time went by, people started looking for new ways to mine these coins and that was when crypto jacking emerged.
Therefore, as I have mentioned, crypto jacking is a practice
whereby cyber attackers use people's computers without their consent to steal
computing resources from their victims' devices. The theft of computer
resources reduces the speed of other processes, in turn increases electricity
bills and also shortens the life of the device. A trick to know if your
computer is affected is to pay attention to whether the PC fan runs more times
than normal.
The goal of crypto jacking is money, for someone with
limited resources and questionable morals, crypto jacking is a very effective
way to get cryptomodedas.
How
Crypto Jacking Works?
There are several possible ways for crypto jacking to enter
our devices.
One of the most common ways works like malware. A netizen
receives an email and clicks the link that contains that email. At that moment,
the cybercriminal can install malware on the computer that manages to take
control of the device and can start mining cryptocurrencies without us
noticing.
On the other hand, the other most common way is through
websites and browsers. There are certain web pages that, without notifying the
netizen, the hacker uses the internet connection to start mining. The plan
consists of putting a piece of JavaScript code on a web page and, from there,
cryptocurrency mining is carried out on the devices of the users who visit said
web page.
There came a time when web publishers aimed to increase
their income through bitcoin, they have no fear of integrating financial
technologies such as Block chain and the fintech sector as key elements for a
transformation of the economy. Businesses asked their website visitors for
permission to mine cryptocurrencies while browsing. It became like an exchange
where the Internet user obtained free content while publishers used their
computer for mining.
Cryptocurrency mining works the same on mobile devices,
although the attacks, in this case, usually take place through a hidden Trojan
in a downloaded application.
It is important to note that computer security
professionals comment that, unlike other types of malware, crypto jacking scripts
do not damage victims' data, neither on computers nor on mobile devices.
Consequences
of Crypto Jacking?
Being a victim of a crypto jacking process can lead to
several problems. We have to be more aware that it is a serious problem and
that it must be stopped.
The most serious consequences would be:
We are conducting an illegal mining procedure and
furthermore, we have not given authorization to use our electronic devices.
We provide benefits to a third party fraudulently.
If it is a corporate device, we may be violating the
company's security policy.
Our devices will slow down and we are affecting their
lifespan as CPU and GPU usage will increase.
In the case that it is a computer, as we have commented,
electricity consumption will increase and, in turn, our electricity bill.
How
to Prevent Crypto Jacking?
Although we cannot prevent crypto jacking 100%, there are
several measures and tools to prevent our devices from being hijacked to carry
out crypto jacking processes.
We should first install an antivirus and perform
regular scans. Also, it is very important that electronic devices are always up
to date. When we want to download a program, a movie, among others, we have to
choose a safe website that cannot infect us with viruses. We must avoid unknown
web pages. And it must be borne in mind that the use of public Wi-Fi networks
also facilitates crypto jacking. We should connect to networks that have a
password, those will be more secure.
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