![]() Unlike some types of malware that damage victims' devices or data, cryptojacking is designed to exploit its victims' resources as long as possible without being detected. ![]() Cryptocurrency is based on the blockchain, a complex record-keeping technology.Ĭryptojacking uses a victim's computing power to perform the complex mathematical operations needed to mine cryptocurrency and send the results to the cryptojacker's server. In 2020, Cisco reported 69% of its customers were affected by cryptomining malware. In the same year, Google's Cybersecurity Action Team found that 86% of its observed compromised cloud platforms resulted from cryptojacking. They go after everyone from average users to the government agencies around the world.Ĭryptojacking was the third most prevalent cybersecurity threat in 2021, according to the European Union Agency for Cybersecurity's (ENISA) annual report. Cryptojackers target computers, laptops, phones, servers and cloud infrastructures. It also can embed itself in websites and then run in a victim's web browser when they visit that site. Cryptojacking, which is also referred to as malicious cryptomining, lets hackers mine cryptocurrency without paying for electricity, hardware and other mining resources.Ĭryptojacking malware often infects devices through standard phishing techniques. Cryptojacking is a cybercrime in which another party's computing resources are hijacked to mine cryptocurrency. ![]()
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