What is Cryprojacking? The New Cyber-Threat to Your Business

What is Cryprojacking? The New Cyber-Threat to Your Business

One of the best cyber-risk management practices is to stay on top of the latest cyber-threats.

 

The European Union Agency for Network and Information Security (ENISA) Threat Landscape Report 2018 identifies the top 15 cyber-security threats in Europe from the past year.

 

Year in year out, the top threats remain the same:

 

  • Malware
  • Web-based attacks
  • Web-Application attacks
  • Phishing

 

The report also identified a rise in relatively newer cyber-threats, one of which is cryptojacking.

 

What is Cryptojacking?

 

Cryptojacking is when cyber-criminals hijack a victim’s computer power via an internet browser or email to mine cryptocurrencies (e.g. Bitcoin Zcash or Monero) without consent from the victim.

 

Hackers can gain access to your computer by getting you or your employees to click on a malicious link in an email that loads crypto mining code onto your computer or browser. They may also do this with a website or online ad.

 

While many other types of breaches are designed to steal data or money from a victim, cryptojacking actually does no damage to your computer or data.


It does, however, use CPU power which on a company-wide scale can incur costs from slower performance and the time that is spent identifying and fixing the problem.

 

So, while it may just be an annoyance to an individual user, as a business it is worth being aware of.

 

How can I prevent cryptojacking?

 

Keep your internet browsers secure by installing ad-blocking and anti-cryptomining extensions.

Prevent email hacking by reminding your staff members to never click on suspicious websites or links in their emails.

 

As cyber-threats evolve, so do your insurance needs. You can find total peace of mind against data breaches with cyber-cover from Cyberguru.

 

For more information and insurance solutions, contact Cyberguru today or request your quote online!  

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