Hackers using cryptojacking to secretly mine cryptocurrency on your device.
Cryptojacking is a type of cyber attack that involves hackers using malware to secretly use a victim’s computer to mine for cryptocurrency. This is done by installing malware on the victim’s computer that uses the victim’s resources (such as processing power and electricity) to solve complex mathematical problems and create new units of cryptocurrency. The hacker can then sell the cryptocurrency for a profit, while the victim is left with the costs of increased energy usage and slowed performance.
One of the reasons why crypto-jacking is such a popular form of attack is that it can be difficult for victims to detect. The malware used in a crypto-jacking attack can run quietly in the background, and the victim may not realize that their computer is being used to mine for cryptocurrency. Additionally, the victim may not even be aware that they have cryptocurrency stored on their computer, as the malware can create a virtual “wallet” to store the cryptocurrency.
To protect against crypto-jacking, it’s important to use cybersecurity software that is specifically designed to detect and block this type of attack. It’s also a good idea to keep all software and operating systems up-to-date, as this can help prevent vulnerabilities that hackers can exploit. Additionally, using strong and unique passwords can help prevent hackers from accessing your computer and installing malware
