Search results for cryptojacking

Recently, security experts found that hackers are currently mining for Cryptos with the help of smartphones. The Daily Mail on Wednesday, August 22, reported the increasing risk and pointed out the need to effectively protect and secure user's smartphones.

Cryptojacking, that is quickly emerging as another option to ransomware, is a way of cyberattack used by hackers to hijack the damaged system's processing power when carrying out cryptocurrency mining.

In a hack attack, the government websites, including the Information Commissioner's Office and thousands of other sites around the world have been running a malware program that uses the visitor’s computer to mine Monero, a cryptocurrency, which like Bitcoin is blockchain based, but with a greater concentration on transaction privacy.