Cyberattacks are one of the most serious threats to security. Today, it seems that no business, government entity, or person is entirely safe from the threat of an attack.
One of the newest ways hackers use cyberattacks to make money is through crypto mining browser attacks. Experienced investor Daniel Calugar explains below what these attacks are and how you can prevent them from happening.
Crypto Mining Definition
Crypto miners can legitimately earn digital currency for their work in updating the blockchain and verifying that all information is authentic. These people use high-powered computers and hardware that will compute various functions to allow blocks to join the overall blockchain.
In return for doing this, the crypto miners will be given cryptocurrency in return. So, in essence, it’s payment for their work in building out the blockchain.
Crypto Jacking Definition
When there is an opportunity to make money, there’s always the possibility that bad actors will take advantage to do so illegally. For example, crypto mining has now given rise to crypto-jacking, a malicious form of crypto mining.
In this instance, criminals will hack into computers and mobile devices owned by both individuals and businesses. Then, they’ll install pieces of software on those devices and computers, and they mine for the various cryptocurrencies available. They may also steal digital wallets from individuals or businesses that have them.
How to Spot Crypto Jacking
When the software is installed, it will take up a significant amount of the device’s resources. Crypto mining is a complicated process, and it requires a lot of power to run effectively.
One of the tell-tale signs that you could have been hacked for the purposes of crypto mining is if your device all of a sudden starts running extremely slowly. If you haven’t installed intensive software yourself or made other recent, major changes to your computer, you could be the victim of crypto-jacking.
How to Prevent Crypto Jacking
A first good rule of thumb to prevent crypto-jacking is only visiting websites you know and trust. This isn’t always possible, of course, but it’s always a good idea to visit pages that are trustworthy and not malicious.
If you have visited a site you suspect may be malicious, you can always block that specific webpage. All web browsers will give you the option of blocking a URL, preventing the crypto-jacking from taking place.
Dan Calugar also says there are browser extensions you can install that will help stop crypto-jacking before it occurs. MinerBlocker and No Coin are some examples of these, and they are available for all the major web browsers, including Firefox, Opera, and Chrome.
Likewise, ad-blocking software can be installed on your computer or mobile device to help root out any malicious software or code that’s been installed without your knowledge. Again, this is a very effective way of ensuring that it won’t be successful if a hacking attempt occurs.
About Daniel Calugar
Daniel Calugar is a versatile and experienced investor with a background in computer science, business, and law. He developed a passion for investing while working as a pension lawyer and leveraged his technical capabilities to write computer programs that helped him identify more profitable investment strategies. When Dan Calugar is not working, he enjoys spending time working out and being with friends and family, and volunteering with Angel Flight.
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