This article by Chris Olson, CEO at The Media Trust, was originally published on CSO, March 14, 2018
Cryptomining has surpassed even ransomware as the revenue generator of choice according to a Cisco Talos report, which claims crypto-mining botnets can earn hackers up to $500 dollars a day and a dedicated effort could equate to more than $100,000 dollars a year. Representing the perfect balance of stealth and wealth for cybercriminals and some unscrupulous, but legitimate online businesses, cryptomining is quickly becoming a major concern for enterprise IT who frequently don’t know their digital assets have been compromised.
With stringent privacy laws coming online in 2018, it is imperative that organizations know all partners that execute code on the website. This information is critical for not only identifying the rogue source but also communicating expectations and enforcing compliance—key mitigating factors when it comes to regulatory penalties.