Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. Cryptojacking has become a more popular way for cyber-criminals to extract money from targets in the form of cryptocurrency. Widely publicized hacks, like ransomware attacks, are some of the ways the hackers are Cryptojacking.
Four Young Hackers Booked In South Korea
Four young hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8. The cryptojacking campaign is said to have lasted two months, as of October 2017, but resulted in mined crypto worth only around one million ($895).
Cryptocurrency In The US
International cybersecurity firm Group-IB has shown that the number of compromised accounts has risen 369 percent since 2017. Data shared with Hard Fork shows that a staggering third of all victims were in the US. Every single one of the top 19 exchanges has been breached; 720 usernames and passwords were stolen in total.
Now, more than ever, it’s a good idea to increase your knowledge of cyber-attacks and pay attention to who you conversate with about cryptocurrency in public. Set a complicated password and until the exchanges sort out their security issues, don’t keep too much on any particular exchange.