Intelligent CISO Issue 10 - Page 19

cyber trends Cryptojacking will continue to be in the headlines smartphones to take advantage of the CPU power to mine cryptocurrency. Cryptocurrency mining has increased both as a topic of interest and activity as cryptocurrency usage has grown exponentially in the last few years. Cybercriminals infect victims’ phones and smartphones with malware, which uses the CPU power of the device to mine cryptocurrency, with the profits being directed back into the wallet of the attacker. The attack is not easy to detect because aside from the heavy use of the PC fan and driving up the energy cost of using the computer, cryptojacking doesn’t make itself obvious. An average victim Nowadays, it is impossible to see any technology news feed without articles on cryptocurrency and Blockchain. Cryptojacking is a way for cybercriminals take over the computing devices and www.intelligentciso.com | Issue 10 Ashraf Sheet, Regional Director, Middle East and Africa at Infoblox 19