Cryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VP

[Goodcat49]

BlackBerry exec believes that many businesses don’t have a great visibility about the combination of crypto mining apps with malware.

Cryptojacking attacks are both an internal and external threat, as the hacking groups are getting more organized in attempts to exploit vulnerabilities in the networks. However, there are also cases where some admins use valid entitlements to make money from illegally mining crypto using the firm’s network resources, and many organizations “don’t have great visibility” about it, says Josh Lemos, VP of research and intelligence at BlackBerry.

Lemos told Cointelegraph that a crypto mining software is not necessarily malicious but rather opportunistic utilizing compute resources for monetary gain, "although you often find it paired with malicious software,” and it’s also a fact not well-enough observed by some organizations when it comes to protecting their networks.

https://cointelegraph.com/news/cryptojacking-attacks-are-seriously-underestimated-says-blackberry-vp

[TomPluz]

I hope there can be an estimate as to how much money is made by these malicious programs being embedded illegally into many networks. These have become like a silent moneymaking machines for their originators and that is why it is possible that as Bitcoin is rising many more of these silent attacks can be happening. These are the modern versions of parasites.

[Pegasus]

BlackBerry exec believes that many businesses don’t have a great visibility about the combination of crypto mining apps with malware.

So true. Most of people are easy to be fooled by malwares, not only with crypto mining apps but also with general PC apps. Average anti virus software like Windows Defender are not effective in spotting malwares and trojans. Solution to this is to use a strong, effective third party anti virus software like KIS or Norton.