MIGHTY MORPHING CRYPTO DANGER
Cryptomining Malware Gets More Destructive
Cryptocurrency has become mainstream.
Worldwide market capitalization for more than 4,500 cryptocurrencies surged to over $1.8 trillion in March 2021 - in part a reflection of growing acceptance by institutional investors and corporate leaders. Tesla started accepting bitcoin in February 2021, and purchased US$1.5 billion in the cryptocurrency for its own holdings. A few days later Mastercard announced it would begin supporting selected cryptocurrencies on its network.But as cryptocurrency moves mainstream and gains value, cryptomining - the process of verifying transactions to earn cryptocurrency by solving extremely complex math problems also becomes more profitable.
Cryptomining is especially profitable as a criminal enterprise, when illicit miners steal the enormous data processing capacity and energy resources that it requires.
The key is cryptomining malware - covert mining code that can be embedded in your network servers, web applications and cloud containers to subjugate your IT assets by hijacking your processing and electrical power.
That's just for starters. The newest generation of cryptomining malware has introduced a whole new array of threats.