Ransomware threats have long been plaguing the online space and are usually considered to be extremely disruptive in nature. Unlike other malware threats which keep a low profile, ransomware attacks announce themselves before crippling a system for diverse benefits. Moreover, fixing them requires a lot of financial bandwidth and companies also need to be vigilant regarding the backup and restoration units. While ransomware continues to be a major threat in 2018, the arrival of cryptomining malware has escalated the issues for most individuals and organizations by pairing up with specific attacks that are similar to the ransomware threats but way more advanced.
Deciphering the Cryptomining Malware
As we know, organizations deploying the blockchain technology are increasingly emphasizing on cryptocurrency for facilitating crowd funding. While the process of mining cryptocurrency requires massive levels of computing prowess and electrical energy, hackers and exploiters are using the cryptomining malware for infecting devices across the globe for tapping into the power and computing sources. Fraudulent cryptominers, therefore, use the power of standard computing devices for fulfilling their twisted requirements. That said, the process of mining that actually requires a lot of electrical energy, heat sinks, and advanced software capabilities is carried out at the behest of unsuspecting users— right across the globe, courtesy the cryptomining malware.
Understanding the Cryptojacking Threats
The underlining concept of cryptojacking involves tapping into the power of the computing devices without letting the users suspect any kind of foul play. However, the modus operandi of the attacks is excruciatingly similar to the ransomware threats. One such example would be the WannaMine cryptomining malware that also uses the EternalBlue exploit, much like the WannaCry ransomware. The only difference, however, is that unlike a ransomware attack, the cryptomining malware camouflages as a legit mining process and leverages the power and software-specific capabilities of the infected device. According to experts, these threats aren’t restricted to the basics of cryptojacking and have evolved into the more sophisticated versions. Be it running JavaScript onto the web browsers or bringing down entire corporate networks by completely draining them of power, cryptomining malware deploys cryptojacking threats for unscrupulous gains.
Associated Risks
The cryptomining malware has nothing to do with the user data. While the infected individuals can still access their devices, the usability and speed are fittingly compromised. The gadget slows down to a considerable extent and most of the associated resources are frequently accessed; thereby negatively impacting the daily computing performances. For smaller devices like mobiles and tablets, issues like frequent power outages and overheating are encountered. While coin mining is one process that encourages users against the use of mobile devices as these are not equipped to fulfill the software requirements; the hackers still leverage the mobile resources resulting in permanent device damages in certain cases.
A few weeks ago, YouTube was affected by the cryptomining malware where anonymous hacking groups cryptojacked the platform and managed to run adverts on the viewers’ devices. This attack drained considerable levels of electricity and CPU power from gadgets across the globe; thereby allowing fraudulent miners to keep the proceeds all to themselves. YouTube was compromised via Google’s DoubleClick and the malware targeted users from Spain, Italy, France, Taiwan and Japan.
How Seqrite’s EPS can make a Difference?
Seqrite’s Endpoint Security is equipped with features which protect enterprises against ransomware threats and cryptomining malware. The Advanced Device Control feature configures device policies for Mac and Windows users and safeguards the entire network against the cryptomining threats. Besides that, Seqrite EPS’s Behavior-based Detection technology detects prospective attacks and protects systems well in advance. The Asset Management and Vulnerability Scan features of Seqrite EPS provide additional security against such advanced threats.
It is advisable that organizations keep their devices updated with necessary security patches to minimize vulnerability against such cyber threats. Seqrite’s EPS offers centralized patch management to ensure robust protection against malware.
Cryptomining malware is slowly but steadily spreading across the globe. Thus, it is important for organizations to build defense against the same. Seqrite EPS ensures superior protection of an organization – not just against ransomware or cryptoming malware but also against other new and advanced threats.
As an IT security partner for your business, Seqrite provides comprehensive endpoint security from advanced cyber threats. To know more, visit our website or
