Cryptojacking is an emerging online security threat that uses your computing resources to steal cryptocurrencies without being detected.
The accidental invention of cryptocurrencies in 2009 has led to a lot of positive outcomes in both the tech and financial sectors. With more industries incorporating crypto in their payment systems, its popularity has only begun. But as with any new digital invention, there are drawbacks.
Cybercriminals have found several ways to exploit cryptocurrencies and scam people out of their investments. The scale of these scams is massive, with a single attack leading to the theft of millions of dollars. The biggest crypto theft in history happened last year with hackers stealing more than $600 million.
A recent trend in cybercrime is the rise of cryptojacking. We’re going to explain to you exactly how it works and how you can defend yourselves against it.