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Cryptojacking : How Hackers Are Mining Cryptocurrencies Without Your Knowledge

Attention! This is important for all those experiencing a system slowdown after browsing for a while! You might be Cryptojacked!

Even if you are not, you should read this article to understand what Cryptojacking is and how you can protect yourself against it.

As the cyberspace is becoming more entangled, new ways of attacking cyber entities are emerging.

Sometimes these are open attacks like exit scams or Bitcoin ransomware attacks while some are attacks like DDOS and specter meltdowns

These attacks will only increase with time as everything is going digital and we have to learn and evolve from them.

On similar lines, attacks in the cryptocurrency space will also keep rising and will take a while before we become mature enough to handle them. It is so because this space is new and in its nascent stages.

One such attack very few may have heard about is happening every now and then on our personal computers and laptops. This attack is too quiet for an average joe to know. This attack is called Cryptojacking. Had you heard about it?

If your answer is a resounding no, you should know about it because you might be a victim of this new form of attack which usually happens on personal computers and laptops.

What Is Cryptojacking?

Cryptojacking simply means someone has secretly hijacked your personal device to mine cryptocurrencies that can be mined with CPU power.

It is basically stealing the computing power of devices without seeking prior permission from the owner of the device.

This computing power in the cryptocurrency realm is called ‘Hash power‘ which is used to make complicated and educated mathematical guesses to solve equations so that one can get the block reward of cryptocurrency mining. Read more about hashes in our detailed guide here.
This form of hijacking happens only when you are browsing the internet and have landed on a website that is cryptojacking noob internet users. And the funny thing is, it even doesn’t require the user being attacked to download or click on anything. Instead, it just requires the user to browse the malicious website.
Here is a research from Malwarebytes on Cryptojacking and in the below image you can see how popular torrent website “PirateBay” is hacking innocent users to mine Monero (XMR) without their knowledge:

Unless the users are smart and protected, they will never know that they are being cryptojacked.

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