ROI Integrated Office Technologies Blog

Cryptomining Becoming a Big Issue for Businesses

Cryptomining Becoming a Big Issue for Businesses

Cryptojacking is one of the upcoming threats that your business should have on its radar in the upcoming years. This process involves a malicious entity installed cryptomining malware on a device without the user’s permission. What this provides the hacker with is a steady stream of income at the expense of the victim’s device. What can you do to keep your business’ devices from falling prey to this?

Your Computer Can Make You Money?
Certainly you’ve heard of cryptocurrency, which is a type of currency that is “mined” from a computer. The most common cryptocurrency is Bitcoin. Bitcoin is generated by computers that crunch through numbers. Some organizations have warehouses full of high-end servers that are constantly mining for Bitcoin. The average computer can’t really handle this task, but with enough of them, hackers can start to receive a considerable sum.

Why Is This Dangerous?
Cryptomining is dangerous particularly because of how intensive the process is. It can take a toll on the average device if it’s left unchecked. As previously stated, it takes an exceptionally powerful machine to effectively mine cryptocurrency. This causes the device to experience an abnormal amount of wear and tear. Over time, you’ll notice that your device will start to decrease in efficiency and slow down.

Other ways that this might affect a business is through the immediate costs associated with cryptomining affecting your hardware. You might notice an abnormally high electricity bill from a server being influenced by cryptomining, or a cloud-based service working too slowly. Either way, the end result is a negative effect for either your employees or your customers.

How You Can Protect Your Business
If you’re looking for cryptomining on your network, be sure to keep an eye out for suspicious network activity. Since the malware will be sending information over a connection, you’ll be able to identify suspicious activity during times when there shouldn’t be as much activity on your network. In this particular case, the data being sent is small, making it difficult to detect for businesses that transmit a lot of data.

Security professionals are turning toward machine learning to detect and eliminate cryptomining troubles on networks. Machine learning can analyze a network’s traffic for the telltale signs of cryptomining software. Another method is to use a SIEM solution that gives network administrators the power to discover consistent or repetitive issues from potential malware.

To keep your business safe from the looming threat of cryptojacking, you should implement measures to ensure all common methods of attack are covered, including spam, antivirus, content filters, and firewalls. To learn more, reach out to us at 855-404-7468.

Microsoft SQL Server 2008 Will Soon Reach EOL
Tip of the Week: Simplifying Your Email with Conso...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, March 24 2019
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Technology Best Practices Privacy Cloud Business Computing Hosted Solutions Google Network Security Productivity Software Hackers Malware Innovation User Tips Microsoft Data Backup Hardware Tech Term Mobile Devices Email Smartphones Business Internet Smartphone Browser Data Backup Business Continuity IT Services Workplace Tips Communications Android Efficiency Business Management Windows 10 VoIP Cloud Computing Computer Outsourced IT Alert Data Recovery Computers Disaster Recovery Managed IT Services Ransomware Windows 10 Managed IT Services Artificial Intelligence Cybercrime Chrome Router Communication Office Internet of Things Cybersecurity Miscellaneous Network Windows IT Support Law Enforcement Small Business Quick Tips Server Holiday Gadgets Applications Office 365 Collaboration How To Money Password Social Media Facebook Mobile Device Wi-Fi Health Passwords Virtualization Information Word Save Money Google Drive App Social Engineering Telephone Systems BDR Upgrade Saving Money BYOD Private Cloud Spam Automation Mobile Device Management SMB's Voice over Internet Protocol Encryption Apps Productivity Connectivity Office Tips Vulnerability Paperless Office Microsoft Office Settings Data Security Flexibility Managed Service Work/Life Balance Phishing Mobility Data Protection Data Breach Two-factor Authentication Operating System Scam Hacking Bring Your Own Device HaaS Data Storage Business Intelligence Entertainment Samsung End of Support Infrastructure Automobile Cryptocurrency Training Redundancy Remote Computing Networking Meetings Electronic Medical Records Servers Marketing IT Management IT Support Value Human Resources Data Management VPN History Keyboard Big Data Fraud Legal USB OneNote PDF Software as a Service IT Plan Access Control Managed IT Firewall Machine Learning Website Virtual Assistant Charger Managed Service Provider Telephony Save Time Update CES Unsupported Software Hiring/Firing Botnet Comparison Telephone System Cleaning Spam Blocking Patch Management Sports Content Management Worker Windows 7 Government Employer-Employee Relationship Public Cloud Battery Computer Care Remote Monitoring Google Docs Blockchain Bandwidth Mobile Computing Augmented Reality Identity Theft Avoiding Downtime Network Congestion Data storage Hosted Computing Windows 10s Tools Transportation Document Management Bing HIPAA Computer Accessories IBM Business Technology Files Evernote Cache Printer Safety Proactive IT Computing Infrastructure The Internet of Things Display Emails Google Search Excel Credit Cards Wearable Technology Wiring Hacker Television Criminal IT Consultant Millennials Inventory Budget Internet exploMicrosoft Password Manager Benefits Help Desk Multi-Factor Security Bluetooth Safe Mode Vendor Management Biometric Security Sync Scalability Emergency Wireless Internet Mouse Supercomputer HVAC Net Neutrality Apple Tip of the week Devices Unified Threat Management Public Computer Cortana Recovery Leadership Security Cameras Workforce Users Loyalty Solid State Drive Advertising Business Mangement Trending Staff Accountants Wireless Charging Wire Administrator Data loss Virtual Reality Enterprise Content Management ISP iPhone Windows Server 2008 Amazon Best Practice Troubleshooting Thought Leadership Camera Information Technology YouTube Shortcuts Smartwatch HBO Telecommuting Risk Management Authentication MSP SaaS Audit Gmail Black Market Smart Technology Screen Mirroring Monitor Content User Error Skype Google Apps Microchip Wireless Current Events Worker Commute Password Management Netflix Cryptomining Amazon Web Services Books Downtime WiFi Social webinar Software Tips Employee Techology Outlook Remote Work Politics Nanotechnology File Sharing Computer Fan Travel Recycling Two Factor Authentication Knowledge Cast Specifications Audiobook Practices Internet Exlporer Start Menu Workers Instant Messaging Smart Office Search Engine Employer Employee Relationship Digital Signature NIST Rootkit Database Flash Online Shopping Video Games Addiction Warranty Root Cause Analysis Vendor Conferencing Physical Security Digital Signage Frequently Asked Questions Music Smart Tech Remote Worker Assessment FENG Hybrid Cloud eWaste Education Regulation Tech Support Hard Drives Wireless Technology 5G Search Customer Relationship Management Competition Webinar IP Address How to Customer Service IT solutions Mobile Office CrashOverride Domains Fun Twitter Printers Company Culture Public Speaking Compliance Presentation Lithium-ion battery Managing Stress