A World Currency – Not a New Idea

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Everybody knows someone who jumped on the Bitcoin train back inand later cashed out for millions—or for a paltry hundred bucks. But while the value of a single bitcoin has ebbed and flowed over the last decade, electronic currencies have captured imaginations at every tier—including phoenix bitcoin miner set up events less savory ones. Cryptocurrencies offer a twofold alternative to fiat money: For many cryptocurrency enthusiasts, the benefits of such decentralization outweigh the costs: That kind of money has turned the phrase "mining for bitcoins" into the spiritual successor to "let's rob a bank" as an option for, say, paying off student loans.

Of course people really do spend months using special hardware phoenix bitcoin miner set up events dig up cryptocoins—a quick Google search of "cryptomining" will land you with a dozen guides to mining different currencies, from Bitcoin to Ethereum to Monero. And coin mining itself is largely legal, as long as the miner follows their local financial regulations regarding currency exchange.

Phoenix bitcoin miner set up events companies even offer coin mining as an alternative to viewing ads on their websites. But why obey the law when you can infect people with mining malware and leverage their processing power phoenix bitcoin miner set up events force?

If 2, seems like a lot of people for one bad actor to compromise, consider these two facts: That's several million people who, after all the headlines about ransomware over the last year or two, still clicked a bad email link. That Talos report is an excellent read if you're interested in a far more detailed rundown of the various ways cryptomining malware is delivered. Because coin miners work by producing cryptographic hashes as quickly as possible in the hopes of getting the "right" one before everyone else, more processing power means better chances of striking gold.

That's why powerful professional workstations make juicy targets for bad actors and give particularly entrepreneurial employees a way to line their own pockets using workplace systems. You might argue, "Well, that's shady but isn't mining for electronic gold on someone else's computer a victimless crime? Beyond the negative impact on performance and power consumption of infected devices, malicious cryptomining software can mean you're compromised in other ways.

So mining malware opens the door to worse attacks like ransomware and viruses—and, well, it's icky, right? Someone is forcing you and your system to help them generate funds without your knowledge or consent or a cut of the profits.

As long as cryptocurrencies are in play, however, both legal and malware-driven mining will thrive—and even if you're not concerned about mining software as a gateway infection, no enterprise is going to want random miners stealing their resources.

But detection is more challenging than you might think. Mining software is designed to lurk inside an infected environment for as long as possible, and that means catching cryptominers absolutely depends on visibility into all an organization's assets—as in, into the network itself—and the ability to notice weird behavior even if it's not affiliated with any known malware especially since the only sign of infection is often no more than a slight system slowdown.

Security operations are in a bind, then, because for many the only way to spot mining software is to manually flag each instance you come across as malicious activity. But bad actors in this space are as prolific and inventive as bad actors in every other vein of cybercrime, which makes it a real pain for SecOps to keep up.

This is where technologies like ExtraHop Reveal phoenix bitcoin miner set up events come in. Because Reveal x security analytics provides internal visibility by analyzing phoenix bitcoin miner set up events actual wire data, using AI to surface all anomalous behavior on the networkyou don't need to manually flag signatures or sift through alerts.

Reveal x will notice any unusual behavior for you, and give your security team the anomaly context, a map of any affected assets and their dependencies, and a scope of the potential attack. That way you can quickly prioritize which attacks are putting your most critical assets at risk and send out the troops in time to stop further damage.

Jaq Evans February 15, Everybody knows someone who jumped on the Bitcoin train back inand later cashed out for millions—or for a paltry hundred phoenix bitcoin miner set up events. The Cost of Miners in Your Environment Beyond the negative impact on performance and power consumption of infected devices, malicious cryptomining software can mean you're compromised in other ways.

We'd love to hear your thoughts! See ExtraHop in Action. Community discussion about this blog post. Subscribe to our Newsletter Get the latest from ExtraHop delivered straight to your inbox. Javascript is required to submit this form.

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