Cryptojacking is the unauthorized use of a user’s device to mine cryptocurrencies. Instead of spending capital on mining equipment, these attackers use their victim’s computational resources for free to mine cryptocurrencies. In Q4 2017, there was a sudden spike in the number of cryptojacking attacks. As per McAfee, the amount of cryptojacking incidents jumped from 500,000 in Q4 2017 to nearly 4 million by Q3 2018.
Netenrich's built-in SIEM and proprietary threat intelligence warn our clients of any possible cryptojacking attacks. Our threat intel will scour the internet and collect all the IP addresses engaged in cryptojacking attacks. Simultaneously, we will set specific rules within our SIEM, which will generate an alert that if any of our client’s assets are interacting with those flagged IP addresses. and provide remediation recommendations.