What Is Cryptojacking? | Binance Academy

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What Is Cryptojacking? | Binance Academy
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Cryptojacking is a form of mining scam. Read how you can identify and avoid them here 👇

In early 2018, the CoinHive miner was found to be running on YouTube Ads through Google’s DoubleClick platform.

During July and August 2018, a cryptojacking attack infected over 200,000 MikroTik routers in Brazil, injecting CoinHive code in a massive amount of web traffic.If you suspect that your CPU is being used more than normal and its cooling fans are making noise for no apparent reason, chances are your device is being used for cryptomining. It is important to find out if your computer is infected or if the cryptojacking is being performed by your browser.

While web-based cryptojacking is relatively easy to discover and stop, the mining malware that target computer systems and networks are not always easy to detect, since these are usually designed to be hidden or masked as something legitimate. There are browser extensions that are able to effectively prevent most web-based cryptojacking attacks. Besides being limited to web-based miners, these countermeasures are usually based on a static blacklist, which may quickly become outdated as new cryptojacking approaches are deployed. Therefore, it is also recommended to keep your operating system up to date, along with updated antivirus software.

When it comes to businesses and larger organizations, it is important to inform and educate the employees about cryptojacking and phishing techniques, such as fraudulent emails and spoof websites.Install web browsers extensions, such as MinerBlock, NoCoin, and Adblocker.Install a trustworthy antivirus and keep your software applications and operating system up to date.

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