What is Cryptocurrency and Mining?
Cryptocurrency is an encrypted data string that denotes a unit of currency.
Cryptocurrencies are created (and secured) through cryptographic algorithms that are maintained and confirmed in a process called mining, where a network of computers or specialized hardware process and validate the transactions.
As a result of the growing value and popularity of cyrptocurrencies, mining malware has become a growing issue with cybercriminals infecting thousands of machines and using them to mine currency without the user knowing.
Cryptocurrency-mining malware steal the resources of infected machines, significantly affecting their performance and increasing their wear and tear. An infection also involves other costs, like increased power consumption.
What can I do to avoid it?
It is important to have an up-to-date Anti-Virus and Anti-Malware solution for all computers and devices as a bare minimum. Other technologies such as Active Firewalls are also a great defence against unwanted attacks and unauthorised access.