Cryptojacking Attacks Are Seriously Underestimated, Says BlackBerry VP
BlackBerry exec believes that many businesses donâ€™t have a great visibility about the combination of crypto mining apps with malware.
Cryptojacking attacks are both an internal and external threat, as the hacking groups are getting more organized in attempts to exploit vulnerabilities in the networks. However, there are also cases where some admins use valid entitlements to make money from illegally mining crypto using the firmâ€™s network resources, and many organizations â€œdonâ€™t have great visibilityâ€� about it, says Josh Lemos, VP of research and intelligence at BlackBerry.
Lemos told Cointelegraph that a crypto mining software is not necessarily malicious but rather opportunistic utilizing compute resources for monetary gain, “although you often find it paired with malicious software,â€� and itâ€™s also a fact not well-enough observed by some organizations when it comes to protecting their networks.
Any Cryptojacking malware can be dangerous
Recent cryptojacking cases, like Lucifer, show a pattern â€” the common usage of XMRig crypto-miner app in the attacks. BlackBerry executive explained why Monero (XMR) is often used in the attacks, rather than other currencies:
â€œMonero is pitched as more lucrative to the average user due to the nature of the mining algorithm. Anytime you have uneducated users looking for a quick buck, you will have more opportunities for exploitation. The old adage still holds true: the best way to get rich in a gold rush is to sell shovels. In this case, the shovels also contain malware.â€�
Pandemic driving cryptojacking attacks?
Lemos believes that the fact of hackers using full malware suites with capabilities that leverage numerous vulnerabilities to establish persistence shows a growing trend in such kind of cryptojacking attacks, and Lucifer is â€œa continuation or evolution of that trend.â€�
As the COVID-19 pandemic is still active in several countries, Lamos claims that as long as cryptocurrencies are being considered as a â€œvaluable alternative investment,â€� the rising trend of the cryptojacking attacks â€œis here to stay,â€� as itâ€™s not about blaming the coronavirus-related jump specifically.
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