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Beware of New Cyberthreat – Cryptojacking

It has been revealed recently that millions of users have potentially been impacted by cryptojacking – an undoubtedly unethical practice of secretly using computer’s resources to mine cryptocurrency without the user’s permission.

Cryptojacking has surged in popularity over the past few months, with hackers attempting to cash in on the commercial value of the cryptocurrency revolution. It happens when a user installs a program that secretly mines cryptocurrency. While cryptojacking software is not as dangerous as common malware, explains Mashable, it is annoying as it potentially slows down the computer considerably, not mentioning that someone has essentially hijacked your devices for digital profit.

Typically, you’ll see the practice on shady websites such as The Pirate Bay, however experts caution that those using the Google Chrome browser should also be particularly vigilant, as several Chrome extensions have been used in order to engage in cryptojacking.

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