k_Street Consulting, LLC Blog

Cryptomining Becoming a Big Issue for Businesses

Cryptomining Becoming a Big Issue for Businesses

Cryptojacking is one of the upcoming threats that your business should have on its radar in the upcoming years. This process involves a malicious entity installed cryptomining malware on a device without the user’s permission. What this provides the hacker with is a steady stream of income at the expense of the victim’s device. What can you do to keep your business’ devices from falling prey to this?

Your Computer Can Make You Money?
Certainly you’ve heard of cryptocurrency, which is a type of currency that is “mined” from a computer. The most common cryptocurrency is Bitcoin. Bitcoin is generated by computers that crunch through numbers. Some organizations have warehouses full of high-end servers that are constantly mining for Bitcoin. The average computer can’t really handle this task, but with enough of them, hackers can start to receive a considerable sum.

Why Is This Dangerous?
Cryptomining is dangerous particularly because of how intensive the process is. It can take a toll on the average device if it’s left unchecked. As previously stated, it takes an exceptionally powerful machine to effectively mine cryptocurrency. This causes the device to experience an abnormal amount of wear and tear. Over time, you’ll notice that your device will start to decrease in efficiency and slow down.

Other ways that this might affect a business is through the immediate costs associated with cryptomining affecting your hardware. You might notice an abnormally high electricity bill from a server being influenced by cryptomining, or a cloud-based service working too slowly. Either way, the end result is a negative effect for either your employees or your customers.

How You Can Protect Your Business
If you’re looking for cryptomining on your network, be sure to keep an eye out for suspicious network activity. Since the malware will be sending information over a connection, you’ll be able to identify suspicious activity during times when there shouldn’t be as much activity on your network. In this particular case, the data being sent is small, making it difficult to detect for businesses that transmit a lot of data.

Security professionals are turning toward machine learning to detect and eliminate cryptomining troubles on networks. Machine learning can analyze a network’s traffic for the telltale signs of cryptomining software. Another method is to use a SIEM solution that gives network administrators the power to discover consistent or repetitive issues from potential malware.

To keep your business safe from the looming threat of cryptojacking, you should implement measures to ensure all common methods of attack are covered, including spam, antivirus, content filters, and firewalls. To learn more, reach out to us at (202) 640-2737.

Microsoft SQL Server 2008 Will Soon Reach EOL
Tip of the Week: Simplifying Your Email with Conso...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Thursday, May 23 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Windows 10 Spam Microchip Collaboration Multiple Versions Technology Frequently Asked Questions IT Plan Data Tech Support Cleaning SharePoint Screen Mirroring Printer Retail Black Market Criminal SaaS Read Workforce Hard Drives Inventory Line of Business Telephone System Audiobook Remote Monitoring Electronic Medical Records Outlook Charger Strategy Health Politics Productivity Students Server Recovery Tablets Authentication Twitter Networking Mobile Computing Best Practices Battery People FENG Public Cloud Mobile Devices NIST Notifications Content Save Time Fax Server Money Comparison Scalability Thank You Windows 10s Social IT Services Fiber-Optic Voice over Internet Protocol Nanotechnology IT Management travel Employee/Employer Relationship Computer Fan Electronic Health Records Humor Law Enforcement Cryptomining Multi-Factor Security Smartphones GDPR Chromecast OneNote Mobile Cache Virus Telephone Systems Proactive Machine Learning Botnet Evernote Project Management Solid State Drive Physical Security Managing Stress Benefits Miscellaneous Mobile Office User Tips Flash Database Wearable Technology Printers Streaming Media Network Security Scam Accountants Point of Sale Augmented Reality Managed Service Backup Data Protection Employer-Employee Relationship Pain Points Distributed Denial of Service Enterprise Content Management Spam Blocking DDoS Data Security Google Drive Firewall Application Digital Payment Emergency Employee Cloud Computing Hybrid Cloud User Error Amazon Web Services Workers Ransomware Insurance Quick Tips Communication Private Cloud Shadow IT Business Virtual Private Network Public Computer Google Apps Skype Human Resources NarrowBand Google Search Healthcare Product Reviews Encryption IT Support Online Shopping Analytic Virtual Reality End of Support IT service Environment Microsoft Office Unified Communications Display Data Breach Computer Repair Social Engineering Fraud Television Cables Smartphone Settings Managed IT Colocation Software Root Cause Analysis Router HIPAA E-Commerce Vendor Management Government Training IT Solutions Advertising Internet Exlporer Touchpad Privacy Wireless Hosted Solutions eWaste Entertainment Lithium-ion battery Vendor History Restore Data Transportation Outsourced IT IaaS VoIP Remote Worker Practices Audit Hiring/Firing Wire Instant Messaging Business Intelligence Efficiency Safety Customer Relationship Management Password Manager Tip of the week Gmail Document Management Cryptocurrency Wiring Social Media Start Menu Update Supercomputer Company Culture Productivity Computer Help Desk Staff ISP Congratulations Telephony Cameras Business Owner Virtualization Employer Employee Relationship Business Computing Internet of Things malware VPN IT solutions CES Administration Webinar Shortcut Passwords Tools Android Consultant Cloud Data Management Intranet Mobile Device Management Lifestyle analytics Netflix Remote Work Recycling Backup and Disaster Recovery Wi-Fi Monitor Programming Printer Server Current Events Memory Cabling HBO Office Millennials Excel Identity Theft Security Cameras Antivirus Patch Management Smart Office Hacker PDF Unified Threat Management Keyboard Vulnerability WIndows 7 webinar Data Backup Cybercrime Digital Signage Online Currency Network Congestion Hackers Two-factor Authentication Disaster Recovery Troubleshooting Administrator Managed IT Services Data storage Chrome Best Available Biometric Security Remote Monitoring and Maintenance Paperless Office BDR Rootkit Samsung Applications Password 5G Knowledge Statistics Windows Media Player Windows 10 How To Work/Life Balance Bing Proactive IT Relocation Operating System eCommerce IBM PowerPoint Servers Utility Computing Windows Server 2008 Hosted Computing Maintenance Facebook Gadgets Business Continuity Search Engine Digital Signature Business Mangement Word Cybersecurity Phishing Windows Bandwidth File Sharing Tablet Data Recovery Email Music Software Tips Artificial Intelligence Automobile Marketing OLED CrashOverride Hosted Solution Devices Logistics Virtual Assistant Apple Experience Analysis App Worker Commute Cortana Risk Management Warranty Managed IT Services Mobile Device Mobility Google Docs Big data WiFi Wireless Technology Manufacturing Archive Data loss Worker Network Safe Mode Virtual Desktop Video Games Holiday HaaS User Innovation Shortcuts YouTube Upgrade Best Practice Reputation Leadership Regulation Hacking Customers Regulations Access Control avoiding downtime Thought Leadership Remote Computing Infrastructure Social Networking Phone System Going Green Business Management Camera Small Business Professional Services iphone Operating Systems Loyalty Flexibility Apps Computers Addiction Tip of the Week Hring/Firing Customer Service Credit Cards LinkedIn Internet Information Technology Security IT Support Managed Service Provider Password Management Compliance IT Consultant Redundancy Conferencing Browser Data Warehousing USB Website Two Factor Authentication Distribution Automation Specifications Content Filtering Analyitcs Entrepreneur Mouse How to Telecommuting Hardware Gaming Console Downtime Legal Files Wireless Internet Sync Software as a Service Budget Office Tips Techology Computing Infrastructure Business Technology Saving Time Unsupported Software IoT Search Internet exploMicrosoft Value Alert Cost Management Smart Technology Domains Save Money Emails Uninterrupted Power Supply Bring Your Own Device Connectivity Books Computer Care Tech Term Smart Tech Windows 8 The Internet of Things Computer Accessories Trending MSP communications Biometrics Amazon Bloatware Users Theft Microsoft Cast Assessment Content Management Wireless Charging Sports Saving Money Storage Science Net Neutrality BYOD Blockchain Smartwatch Bluetooth Default App Workplace Tips File Versioning Content Filter Office 365 Google Information Robot Data Storage Windows 7 HVAC Laptop Touchscreen Meetings Education Running Cable

Sign up for our Newsletter!

  • Company Name *
  • First Name *
  • Last Name *