Are you aware of what’s running on your network? Cryptojacking, which involves using another person’s system for cryptocurrency mining, is an emerging cybersecurity threat that often goes unnoticed. Using technology to block cryptomining tools and software and asking your Managed IT provider about security access controls and technologies that protect against this threat will help keep your network safe and your power bills low.
How does Cryptojacking happen?
Cryptojacking involves several technical steps:
- Access and Control: Gaining access to client computer systems.
- Installation of Mining Software: Installing mining software on computers uses significant processing power to solve complex problems for cryptocurrency gains.
- Running the Software in the Background: This software can operate discreetly during off-hours to evade detection, often minimizing its visibility.
- Consumption of Resources: Mining consumes considerable CPU and GPU power, leading to higher electricity consumption and bills.
- Lack of Detection: The subtle increase in utility costs and the covert nature of the software can make it challenging to detect without expertise.
Key Impacts of Cryptojacking:
- Higher Operating Costs: Increased energy use from crypto mining can significantly raise electricity expenses.
- Decreased Equipment Lifespan: Constant operation can overstrain hardware, causing it to fail prematurely.
- Security Risks: Unauthorized software installations jeopardize system security, risking sensitive data such as patient information.
What Can You Do to Combat Cryptojacking?
Using baseline security solutions to:
- Identify and Block All Malware and Potentially Unwanted Programs (PuPs): Including crypto-mining software .
- Block All Internal Devices from Accessing Crypto Mining Websites: Thus blocking crypto-mining agents from working .
- Monitor Performance Metrics of All Servers 24/7: To alert on unusually high CPU usage .
What now?
Ready to safeguard your network against emerging threats? Learn more about Tecnet’s cybersecurity services today to explore advanced cybersecurity solutions!