• News
  • Security
  • Products
  • About Seqrite
Seqrite Blog Blog
  • News
  • Security
  • Products
  • About Seqrite
Home  /  Cryptocurrency • Cryptojacking  /  Defending businesses from the perils of Cryptojacking
A-Swarm-of-Cryptojacking
06 January 2020

Defending businesses from the perils of Cryptojacking

Written by Seqrite
Seqrite
Cryptocurrency, Cryptojacking
Estimated reading time: 2 minutes

The last few years have given rise to a new & dangerous cyberthreat known as cryptojacking which is unlike typical malware — it does not demand ransom, spy or cripple enterprise systems or cause loss of data. We introduced the subject earlier and are re-iterating on the same with few additional pointers.

Enterprises should take this threat very seriously!

Increase in Cryptojacking attacks

In 2018, an Economic Times report observed that hackers were mining a fortune by running cryptocurrency scripts on Indian government websites, including the director of municipal administration of Andhra Pradesh, Tirupati Municipal Corporation and Macherla municipality. Seqrite’s Threat Report Q2 2019 also detected 19k cryptojacking attacks as against 17K in Q1, 2019 illustrating how this threat is seeing a rapid upsurge.

Since we already shared insights on the functionality of cryptojacking, here is some information on why cryptojacking is getting popular among the hacker community.

Why is Cryptojacking popular?

Less risk! Hackers love Cryptojacking because it is way less risky than planting ransomware in enterprise systems. In businesses worldwide, awareness of ransomware has grown. Hence, stakeholders are applying better and advanced solutions to protect against the same. This is not the same with Cryptojacking as this technique of infecting business machines is new.

While hackers can convince, say 4-5 businesses to pay, out of a 100 that they attack via ransomware, in cryptojacking they can ensure that all 100 machines that they attack work at full capacity to mine for cryptocurrency. This hacking technique is also very simple and does not require high technical skills. Cryptojacking kits can be easily picked up from the dark web for as less as $30.

For enterprises, cryptojacking attacks can lead to server outages and high costs of consumption. To prevent these attacks, they need to take the below-mentioned measures –

Ensure endpoint protection can detect these threats

As a threat which is on the rise, it is important for enterprises to update the endpoint protection solution they are using so they are able to detect and block cryptojacking threats. While like all other cyber threats, where the methods may constantly change, an updated security solution, such as Seqrite’s Endpoint Security, can detect and prevent cryptojacking attacks from happening.

Browser protection is key

Cryptojacking spreads by getting users to click on malicious links on websites which lead to the miner being installed on a system. The way to prevent this from happening is ensuring that browsers in the enterprise have strong protection installed which can prevent these scripts from running.

Use web filtering to block suspicious websites

Along with browser protection, it can be a good idea for enterprises to go one step further and use their web filtering solutions to block websites suspected of malicious activities such as cryptojacking from being accessed.

A strong MDM solution is important

Mobile Device Management (MDM) solutions like the Seqrite mSuite can prevent mobile devices from being infected by cryptojacking software offering cybersecurity for businesses that are also on-the-go.

Seqrite’s Unified Threat Management (UTM) solution offers ease of use and brings key security features such as network security, management, backup and recovery of data and other critical network services together under a single unified umbrella, preventing cryptojacking attacks at the source.

 Previous PostManaging cybersecurity in multimedia networks
Next Post  Quick Heal Technologies pledges to safeguard their enterprise cus...
Seqrite
About Seqrite

Follow us for the latest updates and insights related to security for enterprise networks. Subscribe to our newsletter to stay...

Articles by Seqrite »

Related Posts

  • Threat Groups usurp Indian Servers to execute their selfish motives.

    Blue Mockingbird’ threat group targets servers in India for Cryptomining

    July 27, 2020
  • Ransomware attacks rise on e-commerce servers — Bitcoin expected as ransom.

    Hackers steal e-commerce databases, demand Bitcoin as ransom.

    July 16, 2020
  • Is your pharmaceutical business at risk

    What are the unique challenges faced by the remote workforce in pharma companies?

    May 29, 2020

No Comments

Leave a Reply.Your email address will not be published.

Cancel reply

CAPTCHA Image
Refresh Image

Popular Posts

  • The Data breach inferno burning big-ticket businesses The Data breach inferno burning big-ticket businesses February 5, 2021
  • Pharma Sector needs to streamline its insides to avoid cyberattacks Pharma Sector needs to streamline its insides to avoid cyberattacks February 12, 2021
  • Turn the Page: Cybersecurity Predictions for 2021 & beyond Turn the Page: Cybersecurity Predictions for 2021 & beyond February 18, 2021

Featured Authors

  • Seqrite
    Seqrite

    Follow us for the latest updates and insights related to security for...

    Read more..
  • Viraj Talikotkar
    Viraj Talikotkar

    Viraj is a Lead Technical Writer at Quick Heal Technologies. He is always on...

    Read more..
  • Sanjay Katkar
    Sanjay Katkar

    Sanjay Katkar is the Joint Managing Director and Chief Technology Officer of...

    Read more..

Latest Posts

  • Businesses now worried about the surge in COVID-19 infodemic

    Businesses now worried about the surge in COVID-19 infodemic

    February 26, 2021
  • Turn the Page: Cybersecurity Predictions for 2021 & beyond

    Turn the Page: Cybersecurity Predictions for 2021 & beyond

    February 18, 2021
  • Pharma Sector needs to streamline its insides to avoid cyberattacks

    Pharma Sector needs to streamline its insides to avoid cyberattacks

    February 12, 2021

Stay Updated!

Topics

Antivirus For Linux (10) apt (9) BYOD (9) COVID-19 (10) Cyber-attack (31) cyber-attacks (56) cyberattacks (12) Cybersecurity (279) cyber security (25) Cyber threat (29) cyber threats (44) Data (11) data breach (50) data breaches (27) data loss (28) data loss prevention (33) data protection (21) data security (13) DLP (49) Encryption (16) endpoint security (102) Enterprise security (14) EPS (9) Exploit (12) firewall (11) hackers (9) IoT (10) malware (58) malware attack (22) malware attacks (12) MDM (25) mobile device management (9) Network security (18) Patch Management (12) phishing (16) Ransomware (56) ransomware attack (29) ransomware attacks (30) ransomware protection (12) Seqrite (24) Seqrite Encryption (27) Seqrite EPS (33) Seqrite Services (16) UTM (34) Vulnerability (10)

Products

  • Endpoint Security (EPS)
  • Seqrite Encryption Manager
  • Seqrite Endpoint Security Cloud
  • Cloud Security
  • Seqrite mSuite
  • Seqrite MobiSMART
  • Unified Threat Management
  • Seqrite Secure Web Gateway
  • Antivirus for Server
  • Antivirus for Linux

Resources

  • White Papers
  • Datasheets
  • Threat Reports
  • Manuals
  • Case Studies

About Us

  • Company Overview
  • Leadership
  • Why choose SEQRITE?
  • Awards & Certifications
  • Newsroom

Archives

  • By Date
  • By Category

© 2020 Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) Cookie Policies Privacy Policies

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website.
By browsing this website, you agree to our cookie policy.