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Cryptocurrency miners

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Cryptocurrency miners, or cryptominers, are malware that, without any permission from devices’ owners, commandeers infected devices’ brainpower (its CPU cycles) to generate new units of a particular cryptocurrency (which the malware gives to the criminals operating the malware) by completing complex math problems that require significant processing power to solve.

The proliferation of cryptocurrency miners exploded in 2017 with the rise of cryptocurrency values. Even after price levels subsequently dropped, the miners are still ubiquitous as once criminals have invested in creating the miners, there is little cost in continuing to deploy them. Not surprisingly, as cryptocurrency prices began to rise again in 2019, new strains of cryptominers began to appear as well — some of which specifically target Android smartphones.

Many low-end cybercriminals favor using cryptominers. Even if each miner, on its own, pays the attacker very little, miners are easy to obtain and directly monetize cyberattacks without the need for extra steps (such as collecting a ransom) or the need for sophisticated command and control systems.

Cybersecurity For Dummies

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