Blockchain

I told you Crypto wasn’t safe

This week the news of more Cryptojacking were published, the more I saw people shaming others or gloating about how unsafe, unreliable crypto currencies are. I felt a strong desire to write about this in the blog and I will talk more about it in my podcast next week. (See CyberHub Engage).

But for this blog post I want to talk about Crypto Jacking and why it’s happening as often in a product that’s supposed to be “safe”.

What’s Cryptojacking?

We’re Not Even Close to Regulating Bitcoin: US Cybersecurity Czar

While countries like China and Russia are cracking down on cryptocurrencies in various ways, the United States is taking its time drafting any form of regulation. According to White House cybersecurity coordinator Rob Joyce, the government has yet to analyze the market sufficiently to understand the risks involved in cryptocurrencies before considering appropriate oversight.

23% Of Organizations Globally Affected By Crypto-Mining Malware, Says Cybersecurity Firm

Researchers of the firm discovered three different variants of crypto-mining malware in its top 10 most prevalent threat with Coinhive ranking first. Other crypto-miner malware that made the list include JSEcoin ranked fifth, and Cryptoloot ranked eighth. The firm claims more than one-in-five organizations around the world had been affected by the Coinhive variant last month.