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Jason Bloomberg

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Cryptojacking Displaces Ransomware As Most Popular Cyberthreat

If you’re concerned about cybersecurity, and you’re not up to speed on illicit crypto mining, aka ‘cryptojacking,’ then it’s time to get with the program. Cryptojacking is now more prevalent than ransomware, 2017’s most popular cyberattack method.

Cryptojacking: Piracy on teh Interwebz

Cryptojacking: Piracy on teh Interwebz

As I explained in my March 2018 article Top Cyberthreat Of 2018: Illicit Cryptomining, cryptojacking is where an attacker surreptitiously installs cryptocurrency mining software on a target system. The software – which may not even technically be malware – consumes processor cycles and their requisite electricity to process cryptocurrency transactions, thus earning the attacker a commission, usually in the anonymous cryptocurrency Monero.

The fact that cryptojacking software doesn’t have to establish a command and control link to the attacker, combined with the fact that the victim is only losing processing cycles that may have gone idle anyway, contribute to cryptojacking’s surge in popularity among hackers. “If 2017 was the year of ransomware, 2018 looks likely to go down as the year of cryptominers,” explains the Vulnerability and Threat Trends 2018 Mid-Year Update by Skybox Security. “Cryptomining malware is often able to run undetected, making money for attackers all the while.”

Read the entire article at https://www.forbes.com/sites/jasonbloomberg/2018/07/29/cryptojacking-displaces-ransomware-as-most-popular-cyberthreat/.

Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. Image credit: S. Brickman.

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More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.