A new security threat, namely cryptojacking, is born following the explosion of cryptocurrency, Cryptojacking is defined as the unauthorized use of the resource of your computing device to perform cryptocurrency mining.
Cryptojacking basically implies that someone has hijacked your personal device to make use of its CPU power to mine cryptocurrencies. The hijacker execute the crypto mining code on your computer without your knowledge to capitalize on the computing power of your device – known as Hash Power. The only sign you might notice is an overall decline in system performance or lags in execution.
How to stay safe from cryptojacking
People who have their devices hacked will observe their devices heating up quicker or battery draining faster or power utilization of the CPU will suddenly increase.
You can check if you have been hacked and your system power is currently being used to mine digital currencies. Simply open your task manager and look at your CPU usage for your browser. If your cpu usage peaks at 100%, you are most probably cryptojacked.
You can also avoid future in-browser cryptojacking with the aid of some techniques, tools and plugins. Some of them are:
Nocoin is a free chrome extension that helps you to block websites from hijacking your CPU power. This open-source extension will detect the presence of such activity and provide you with the option of blocking the activity or whitelisting the website.
Similar Extension as described above.
You can also use ScriptSafe to prevent the mining script from running. However, such extension could be quite aggressive at times and could prevent the normal functionality of the websites as it disables all scripts from running on pages.
- Opera Browser
Opera integrated mining protection in its browser. The feature is automatically enabled the moment you switch on the browser’s default ad blocking tool.
Until now, thousands of websites and millions of individual users have been cryptojacked. Crypto mining without consent ( aka cryptojacking ) is no doubt a condemnable practice, however , In browser crypto mining itself is something truly innovative. It has created a brand new way of online monetization. Some websites that employ such monetization methods are very honest about this and notify you as soon as you landed on their page and seek for your consent to “borrow” your CPU power ( they should also inform you how much processing power they are intend to utilized ). Some of users don’t mind it and find this a better idea that traditional ad monetization while others have a different opinion.