More than 60% of people are victims of cryptojacking by 2024

cryptojacking

 Cryptojacking is a type of cybercrime where an attacker uses a victim's device to mine cryptocurrency without their knowledge or consent. The attacker hijacks the device's processing power to generate cryptocurrency for their own benefit. Cryptojacking attacks can be difficult to detect because they are often disguised as normal behavior. However, there are some signs that your device may be the target of cryptojacking, including: Slower system performance, Devices that run slowly, Crashing devices, and Unusually poor performance.

Cryptojacking is a sneaky cybercrime where hackers hijack your device's power to mine cryptocurrency for themselves, all without your knowledge. Basically, they turn your computer or phone into a mini crypto mining machine.

Here's the breakdown:

* **What is cryptocurrency?** It's a digital form of money like Bitcoin, but instead of banks, complex math problems are solved by computers to verify transactions and create new coins. This process is called mining.

* **How does cryptojacking work?** Hackers sneak malicious software (malware) onto your device. This malware can come from infected websites, fake apps, or even malicious ads. Once installed, the malware secretly uses your device's processing power to mine crypto for the hacker.

* **What's the harm?** You might not notice at first, but cryptojacking can slow down your device significantly, drain your battery faster, and even increase your electricity bill.  

Here are some additional points to consider:

* Cryptojacking can target all sorts of devices, from computers and phones to even servers.

* Unlike some cybercrimes, cryptojacking isn't always super destructive, but it's still stealing your resources without permission.

* Criminals can make a good amount of money by infecting a lot of devices.

If you're concerned about cryptojacking, there are steps you can take to protect yourself, like using strong security software and being cautious about what websites you visit and what apps you download.

Cryptojacking is the unauthorized use of someone else's computer or device to mine cryptocurrency. It typically occurs through malicious software or scripts embedded in websites, which run without the user's knowledge. This covert mining operation can significantly slow down the affected devices, increase electricity consumption, and potentially cause hardware damage due to the intensive processing required. Cryptojacking scripts are designed to remain hidden, making them difficult to detect and remove.