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Cryptominers

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A cryptominer, in the context of malware, refers to software that usurps some of an infected computer’s resources in order to use them to perform the complex mathematical calculations needed to create new units of cryptocurrency. The currency that is created is transferred to the criminal operating the cryptominer. Many modern day cryptominer malware variants utilize groups of infected machines working in concert to do the mining.

Because cryptominers create money for criminals without the need for any involvement by their human victims, cybercriminals, especially those who lack the sophistication to launch high-stakes targeted ransomware attacks, have increasingly gravitated to cryptominers as a quick way to monetize cyberattacks.

While the value of cryptocurrencies fluctuates wildly (at least as of the time of the writing of this chapter), some relatively unsophisticated cryptocurrency mining networks are believed to net their operators more than $30,000 per month.

Cybersecurity For Dummies

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