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Tag Archives: CRYPTOJACKING

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Cryptojacking on the Rise as Prices for Different Cryptocurrencies Surge

Cryptojacking on the Rise as Prices for Different Cryptocurrencies Surge

by David Drake Over the last couple of weeks, cryptojacking has become more pronounced in the cryptocurrency space. As 2017 came to a close, a discovery was made with regard to an extension on Google’s ¬†browser which was mining Monero cryptocurrency without the knowledge or permission of users. Malware creators and website owners who keep users in the dark apply the technique of earning digital coins using user CPU power. Sebastien Denis, the Project Manager and FinTech Markets Expert at Decentralized.id (DID), notes the serious security threat that cryptojacking poses for players in the coin market. He says, “Software that mine cryptocurrencies without asking the users permission and slow down computers present a serious security risk. As this problem persists and grows with the resurgence of cryptocurrencies, large internet players will be expected to come up with a plan of action to prevent it from happening in their browsers.” The ... Read More »

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