Cryptomining is a term use frequently today; it is the process through which you get any cryptocurrency. Cryptocurrency is digital money, operating independently without a central government. This type of money is attracting a lot of attention not just from potential investors but also of serious threats like hackers. Cryptocurrency as well as cryptomining have evolved tremendously since its beginning stages.
Hackers today have also evolved their methods and are focused on illicit cryptomining as the most profitable new way to embezzled organizations worldwide. For IT businesses the problem is real; mining cryptocurrency is all about ‘borrowing’ the computational power of systems. Both on-premises and cloud-based resources are likely to continue to be targeted by hackers, who will look for the weakest link to install and propagate the mining software. So, how to prevent your organization from becoming a cryptomining rig?
Install advanced security solutions including the detection of a process attempting to access other processes. Implement as many safeguards as is practical to increase the potential for detection and mitigation. Build server securely from the start, servers that comply with all standard security practices and last but not least keep your servers up to date to prevent vulnerabilities. Cryptomining attacks are here to stay and hackers will keep improving their ways to execute their malicious intentions. It is our job too, together as an IT community to work diligently to ensure new solutions that include capabilities to monitor and detect these activities ahead.