Cryptojacking, a silent yet dangerous threat, has quietly become one of the most prevalent forms of cybercrime in recent years. Imagine this: you’re working on your laptop, and everything suddenly slows down. You might think it’s just a regular glitch, but in reality, your system could be hijacked by cryptojackers mining cryptocurrency without your knowledge. Cryptojacking, an invisible attack, takes over your devices to mine cryptocurrency, draining your resources and slowing down your performance. It’s increasingly widespread, with various methods of infection, from endpoint attacks to software supply chain attacks. In this article, we'll dive deep into cryptojacking, how it works, why it’s on the rise, and how you can protect yourself.

What is Cryptojacking?

Cryptojacking is a cyberattack in which hackers covertly install malicious software on your device to use its processing power to mine cryptocurrencies like Bitcoin or Monero. Unlike ransomware, cryptojacking doesn’t directly damage your data or demand money from you. Instead, it secretly hijacks your resources, driving up electricity bills and reducing device performance. This attack can happen to any device—your computer, smartphone, or server—without your knowledge, making it one of the stealthiest forms of cybercrime today.

How Does Cryptojacking Work?

Cryptojacking works by sneaking malware onto your system, often through phishing attacks or compromised websites. Once infected, the malware runs in the background, using your CPU to perform complex calculations that help generate cryptocurrency for the hacker. The beauty (for the attacker) lies in its subtlety—victims often experience little more than slow performance or an overheated device. Cryptojacking malware is designed to use just enough computing power to remain undetected, making it harder for traditional security measures to catch it.

Cryptojacking Attack Methods

Endpoint Attacks

Endpoint attacks involve infecting individual computers, mobile phones, or IoT devices with cryptojacking malware. Attackers commonly use phishing emails with malicious links or attachments that, when clicked, install mining software onto the device. These attacks take advantage of unpatched systems or outdated antivirus software to infiltrate and exploit devices.

Vulnerable Servers and Network Devices

Servers and network devices are lucrative targets due to their high processing power. Attackers scan for vulnerabilities in outdated server software or misconfigured network devices. Once compromised, these servers are enlisted in mining cryptocurrency for the attacker, slowing down business operations and increasing energy consumption.

Software Supply Chain Attacks

Software supply chain attacks occur when cryptojackers compromise the software updates or code libraries that businesses rely on. By injecting malicious code into widely used software, attackers can reach multiple systems in one go. This method is particularly dangerous because users trust these software providers, making them less likely to question the legitimacy of an update.

Cloud Infrastructure

In the era of cloud computing, cloud infrastructure has become a prime target. Hackers compromise misconfigured cloud environments, exploiting vulnerabilities to install mining malware. Cloud instances provide vast computing power, making them an ideal resource for cryptojackers. This type of attack can be costly for businesses, leading to unexpected cloud service charges and degraded performance across systems.

Why Cryptojacking is Popular?

With Bitcoin and other cryptocurrencies consistently attracting high valuations, cryptojacking offers a lucrative opportunity for cybercriminals. For example, Bitcoin is currently valued at around $60,000, making mining more appealing. According to ReasonLabs, over 58.4% of all Trojan viruses in 2023 were designed for cryptomining. This form of attack is less risky for criminals compared to ransomware, as they don’t have to interact directly with their victims—just hijack their processing power and cash in.

Cryptojacking Examples

Coinhive and Government Websites: In 2018, hackers exploited Coinhive and injected its script into thousands of websites, including UK and US government sites using the BrowseAloud plugin.

Tesla Cloud Cryptojacking Incident: Hackers accessed Tesla's unsecured Kubernetes console in 2018 and used the cloud infrastructure to mine cryptocurrency.

Stolen AWS Credentials: Cryptojackers have recently been using stolen AWS credentials to install cryptomining malware across multiple cloud servers, causing increased costs for the companies.

Drupalgeddon 2: The Drupal vulnerability CVE-2018-7600 allowed cryptojackers to take over thousands of websites for cryptomining activities.

Microsoft Exchange Server Exploits: In 2021, cryptojackers targeted vulnerabilities in Microsoft Exchange servers to deploy crypto mining malware on compromised networks.

How to Prevent Cryptojacking?

Protecting against cryptojacking requires a multi-layered defense strategy. Here are some effective steps:

Strong Endpoint Protection: Ensure your devices are equipped with advanced antivirus and endpoint detection systems that can detect and block cryptojacking malware.
Patch and Harden Servers: Regularly patch all systems, including servers, network devices, and endpoints. Keeping software up to date significantly reduces the risk of attacks.
Software Composition Analysis: Analyze the open-source software and third-party code used within your organization to ensure that it hasn’t been tampered with by attackers.
Fix Cloud Misconfigurations: Secure your cloud infrastructure by correctly configuring permissions and security settings. Ensure API keys are not exposed, and use tools that scan for vulnerabilities in cloud environments.

How to Detect Cryptojacking?

Detecting cryptojacking can be challenging due to its stealthy nature. Here are some effective detection methods:

Monitor for Performance Issues: Train your helpdesk to recognize a surge in complaints about slow performance, overheating, or battery drainage. These could be signs of cryptojacking.
Deploy Network Monitoring: Use network monitoring tools to detect abnormal web traffic and outbound connections. Cryptojacking often causes spikes in network activity as mined cryptocurrency is sent to attackers.
Use Cloud Monitoring Tools: Implement cloud monitoring solutions like Google Cloud’s Virtual Machine Threat Detection to identify suspicious activities in cloud environments.
Conduct Regular Threat Hunts: Engage in proactive threat hunting exercises to uncover hidden cryptomining software and other signs of compromise before they escalate.
Monitor Website Changes: Regularly check your websites for unauthorized changes, such as cryptomining scripts hidden in JavaScript code.

How to Respond to a Cryptojacking Attack

Once you’ve detected a cryptojacking attack, rapid response is crucial to minimizing damage. Here’s how to respond:

Kill Web-Delivered Scripts: In cases of browser-based cryptojacking, immediately shut down the browser tab or session running the malicious script. Block the offending site in your company’s web filters.
Shut Down Compromised Containers: For cloud-based cryptojacking, shut down infected container instances and launch new ones. Investigate how attackers accessed your cloud resources and ensure that all configurations are secure.
Reduce Permissions and Regenerate API Keys: To fully remove cryptojackers from your cloud environment, reduce access permissions to impacted systems and regenerate API keys.
Learn and Adapt: After the incident, review your security practices to identify weaknesses. Train employees and IT teams to recognize signs of cryptojacking early.

FAQs

1. What is cryptojacking?

Cryptojacking is when hackers secretly use your device’s resources to mine cryptocurrency, usually without your knowledge.

2. How does cryptojacking work?

Cryptojacking typically involves installing malware on your device, which uses your CPU or GPU to mine cryptocurrency.

3. How can I tell if I’ve been cryptojacked?

You may notice your device slowing down, overheating, or consuming more battery than usual. Network activity may also spike unexpectedly.

4. Can cryptojacking happen on cloud servers?

Yes, misconfigured cloud infrastructure is a common target for cryptojackers due to the high processing power available.

5. How do I prevent cryptojacking?

Use strong endpoint protection, keep systems updated, secure cloud configurations, and monitor for unusual activity regularly.

Cryptojacking is a silent but serious threat to individuals and businesses alike. By understanding how it works and following best practices for prevention, detection, and response, you can protect your systems from this growing cybercrime.

Cryptojacking Explainer: Prevent, Detect, and Recover from It