Malicious cryptomining, also known as cryptojacking, is a threat that infiltrates a computer or mobile device and then makes use of its resources to mine cryptocurrencies.
At the price of your device and the general health of your network, cryptojacking essentially gives the attacker free money. A gadget is cryptojacked when a hacker takes use of the computer power to tackle challenging arithmetic problems. Cryptocurrency, which can be exchanged for fiat currency or other cryptocurrencies at an exchange, is the reward for finding solutions to these difficulties.
Although cryptojacking has been in the headlines for a while, it has recently become more prevalent as a result of various circumstances in the bitcoin ecosystem. Digital currencies have grown, first.
Cryptojacking works by either using malware or doing what is referred to as drive-by cryptomining. When a hacker uses malware, a portion of your computer is taken over and controlled, similar to what happens with ransomware. But unlike ransomware, the control happens unseen, in the background, while you continue to use the device.
Here is how this process works, step by step:
1.You click on a malicious link in an email. The email and link may look completely innocent.
2.Clicking on the link loads cryptomining code into your computer, which places a mining script in the background. The script is designed to control your computer.
3.The script captures some or all of your device’s computing power and uses it to mine cryptocurrency.
4.The cryptojacker monitors the crypto being mined and collects it in their digital wallet.
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