People often misconstrue cryptominer or cryptocurrency miner as malware related activities. Though the adversaries often manipulate the process of cryptomining for grabbing some quick bucks, the process of mining crypto couldn’t always get attributed to wrongdoing. The mining process for both legitimate and wicked reasons remains the same. It is the intention behind the mining, that determines the nature of the process.
Cryptomining vs Cryptojacking
The legal cryptomining process gets executed on miners own or rented computers. In contrast, the malware based cryptominers, mostly known as crypto-malware or cryptojacking, runs on a victims’ computer. Quite naturally, the malware based cryptominers don’t obtain the necessary approval, and the entire operation executes in stealth mode.
Both the legitimate and nefarious cryptominers intend to solve bits and pieces of a mathematical puzzle. Once they become successful at their effort, the achievement gets sequentially recorded as blocks on a digital public ledger, identified as a blockchain. The blockchain ledger process involves a network of independent and tamper-resistant computers; hence its legitimacy remains unchanged even when someone mines cryptocurrency through malware. Interestingly, crypto mined via various cryptojacking services also gets recorded on the same blockchains where the legitimate ones get archived.
The process of bitcoin mining is tedious and expensive. The lengthy process also consumes a lot of electricity and requires ASIC (Application Specific Integrated Circuit) powered machines. Alongside the process also need an uninterrupted power supply, cooling fans, and backup generators.
The bitcoin mining machines usually referred to as bitcoin generators are expensive pieces of hardware. The price of a bitcoin generator relies on several factors such as hash rate, efficiency, and cost. Few popular bitcoin generator manufacturers are Halong Mine, Bitmain, and BitFury.
The CryptoJacking Process
Anyone can mine cryptocurrency on any non-ASIC based computers too. However, the process consumes a lot of system resource and damages the machine life faster. The non-ASIC based machines fail to generate a decent amount of cryptocurrency in contrast to an ASIC machine.
Hence the fraudsters have come up with a concept which would manipulate a series of devices via malware infection and use their system resources together to execute the process. In the process, they don’t require to invest a penny on hardware or pay electricity bills but can generate cryptocurrency without getting notified.
The process of cryptojacking compromises a range of devices, including personal computers, laptops, smartphones, tablets, and other electronic gadgets. Once the threat actors gain control of the device, they connect the victimised device to a more extensive botnet to work shoulder to shoulder.
Family of Cryptojackers
The process of cryptomining could sometime get executed via an internet browser using services such as Coinhive and Crypto-Loot. These stealthy cryptojacking software only works when the system gets connected to the internet, and the browser page remains turned on.
Are Cryptojacking Services Declining?
In September 2019 French Police in association with an antivirus company, took down another botnet network containing 8,50,000 computers.
In December 2019 an adversary group called Blue Mockingbird exploited 1000 server computers running ASP.NET. It obtained admin privilege and installed a cryptojacking malware dubbed XMRig.
The illegal cryptomining process ballooned during the year 2017-18, and surprisingly the frequency outshined ransomware statistics in early 2019. Later the growth halted a bit. But the cunning threat actors have adopted a plethora of new strategies to sustain the momentum.
In early 2020, a cybercriminal group hacked a few supercomputers in several universities across Germany, Scotland, Switzerland, and Spain. To intrude into these supercomputers, the adversaries exploited secure shell connection (SSH) used by the academic researchers and logged in remotely. Later they installed cryptojacking malware inside each supercomputer to manipulate their high processing power.
Several recent identical incidents indicate the culture of cryptojacking would outlive numerous malware in future.
How Does A Cryptojacking Malware Breaks In?
Cryptomining malware payloads usually get delivered on a victim’s machine using popular malware delivery methods such as phishing and business email compromise (BEC). Also, they use techniques like injecting malicious codes on legitimate sites or scripting rogue browser plug-ins. The binary cryptominers which primarily targets the high-power servers use other intrusion methods such as RDP and Xbash.
Ways To Stay Safe
Modern Cryptomining malware or cryptojackers are sophisticated and quite complex. The malware comes with several obfuscation methods and is difficult to detect via observation. We encourage the Enterprises to install an advanced cybersecurity suite such as K7 Endpoint Security. At the same time, the end users could choose between K7 Ultimate Security, K7 Total Security, and K7 Antivirus Premium. All the security solutions designed by K7 Computing comes with home-brewed advanced scan engine and are capable of detecting such threats at several levels.