You know about malware and ransomware. You know what a computer virus is and probably had one. But do you know about cryptojacking?
Cryptojacking is a bit like ransomware, but stealthy and potentially worth more money to the criminals that use it. While ransomware takes your data hostage until you pay the ransom, cryptojacking uses your computer or phone’s resources to mine cryptocurrencies like Monero or Ethereum.
You may never know that it is there. The only thing you might notice is that your computer isn’t working as well or fast as it used to.
Why is Cryptojacking a Big Deal?
You might be thinking, “If I won’t even notice
cryptojacking, it doesn’t cost me anything, and it doesn’t harm anything, why
should I care?”
The money made from these sorts of criminal operations don’t
just go to hacker’s living in the basement buying expensive booze and fancy
watches. The money could be supporting organized crime or state-sponsored
According to hackmageddon.com, over 81% of hacking events in 2018 were cybercrime based and almost 3% were classified as cyberwarfare. They’ve got to pay for all that hacking somehow.
How Does Cryptojacking Malware Get on a Computer?
Cryptojackers invade your computer in several ways. Sometimes you can get it from opening an infected attachment in an e-mail or clicking on a phishing link on a website. Or it might show up inside of a browser attachment that you installed for a legitimate reason.
That’s like the traditional way that viruses were spread. If the cryptojacker gets on your computer this way, it will run in the background on your computer all the time, quietly digging up cryptocoins.
The drive-by cryptojacking is more devious. It will hide on
a website or in an ad just waiting to show up on your computer. Then it will
start mining with your computer if you are on that website or that ad is
showing. The cryptojacker is unloaded
when you leave the site, leaving no trace that it was ever there.
Do I Have a Cryptojacker on My Computer or Phone?
It used to be obvious. Your CPU usage would spike to near 100% and your computer would crawl when you only had maybe one program open or just browsing a website.
Hackers using cryptojackers are getting wiser though and it
will get harder and harder to stop. When they first started, they would consume
as much of your CPU power as they could. This alarmed people to its existence
though. Now, they’re using less resources on any single computer, but trying to
hit as many computers as possible.
How Do I Stop Cryptojacking?
Keep practicing good computer security and use your smartphone’s security features. Make sure you’re using an antivirus app, keep your operating system up to date, and allow your browser to update freely.
If you want to make sure a drive-by cryptojacker isn’t running in your browser, you can try extensions for Chrome like Coin-Hive Blocker, No-Coin, or minerBlock. Try No-miner or minerBlock for Firefox. All major browsers are continuing to bake-in security features with each update, so let those updates happen.
Is There a Good Use for Cryptojacking?
There might be. It could be used as an alternate revenue
source to support web sites and apps. Some sites will ask you if they may use a
The Pirate Bay, Salon.com, UFC.com, and others have tried
this in the past. People did not respond well. As a method of revenue
generating, it appears to have small gains for the high cost of user
The Future of Cryptojacking
Is cryptojacking going to be an ongoing threat? If cryptocurrencies
continue to have real world value, it will. But how much of a threat will it be
Hackers are getting wiser. They’re realizing that stealing
pennies from millions is much harder to stop than stealing thousands from a
few. Cryptojacking will be a minor nuisance to you and your computer use. The
social cost from it being used to fund more evil schemes may continue to grow.
Do what you can to stop it. Keep your antivirus up to date
and continue to update your operating system and browser. If most of us can do
that, we’ll keep cryptojacking a minor threat.