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ARTICLE · 08 MARCH 2019

It's A Bird, It's A Plane, No… It's Cryptojacking!

You attempt to log on to your computer, but it is non-responsive. Other users are also having trouble logging on.

United StatesTechnology
Lewis Brisbois Bisgaard & Smith LLP
Lewis Brisbois Bisgaard & Smith LLP
Author LinkedIn connections

You attempt to log on to your computer, but it is non-responsive. Other users are also having trouble logging on. The system becomes so slow that it is non-functional. Is it an encryption attack? Is there some sort of malware affecting the network that will result in some form of extortionate demand? Or is it something else? Could it be that someone has “cryptojacked” the network?

What is “cryptojacking”?

“Cryptojacking” is the unauthorized access to and acquisition of computer network resources to create cryptocurrency, like BitCoin, Ethereum, or Monero. Cryptocurrency must be created – or “mined” - by using significant computing power to crunch complex algorithms. Cyber criminals prefer to mine cryptocurrency with anonymity and steal the computing power of others in the process. Cryptojacking has become a serious cybersecurity threat because it involves malicious actors penetrating an enterprise environment, deploying malware that “mines” the cryptocurrency –

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