New Report Confirms That Cryptojacking Is An Acute Threat In 2018

We all know that cybercrime is more and more present each new year and that the cryptocurrency market is no exception to it. In fact, there is a special term that has been coined as a result of this activity – cryptojacking.

If you haven’t read about cryptojacking on our site before, it is best defined as:

The secret use of your computing device in order to mine cryptocurrencies.

The truth is, cryptojacking occurs when a hack installs a program through a file or web page on your laptop or computer. After that, the program unknowingly and secretly mines cryptocurrency.

According to a new report by the UK’s National Crime Agency (NCA) and the National Cyber Security Centre (NCSC) which is entitled The Cyber Threat To UK Business, “cryptojacking will become a regular source of revenue for website owners.”

What’s also important to mention is that the price for a cyber attack is high, both from a financial and a reputational point of view. So, while corporations are ramping up their cybersecurity defenses, the threat of security breaches is still big. In 2018, cryptojacking is certainly on the rise.

Wondering how to spot cryptojacking activity on your laptop or computer?

If you notice a slowdown in your computer’s performance or a sudden jump in its usage, this is a sign that your CPU or GPU has been compromised and may have been invaded by crypto jackers. Using an ad-blocker or an antivirus software can help you detect this cryptojacking activity.