Trends Report

Protect Your Business From Parasitic Cryptomining

The Cryptocurrency Gold Rush Is Fueling New Cybercrime And Enterprise Risk

March 30th, 2018
JZ
Josh Zelonis
With contributors:
Stephanie Balaouras , Andras Cser , Elsa Pikulik , Peggy Dostie

Summary

Cryptocurrency values have soared to astronomical, unsustainable, gold-rush levels, and like any gold rush, this one has attracted its share of bad actors and parasites. Cryptomining — adding transactions to a public ledger and releasing new currency — requires an enormous amount of compute power, so cybercriminals and other unscrupulous opportunists seek to use your enterprise compute power to unlock this wealth — at great expense and risk to you.

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