Crypto jacking and its effect on IT security practices
07 June 2018
Crypto jacking is a new step in the evolution of malware monetisation methods. One of the first successful malware formulas was banking malware, where banking credentials were communicated back to cyber criminals. However, the conversion of credentials into cash is not an easy one. Ransomware was another step which made the process simpler - victims would wire money directly. However, ransomware is losing its effectiveness as computer users start to be aware of the danger, and improve their security and backup procedures.