The industry regularly waxes lyrical about the value of data, but in our Voice of the Enterprise: Storage data we see that organizations have considerable expectations when it comes to how much data can be lost in an outage and how quickly data or workloads must be recovered. While there is a clear and logical hierarchy in importance between mission-critical, business-critical and noncritical applications and data, many organizations are unwilling to tolerate long periods of downtime for even noncritical data.
Cryptomining malware has exploded on the threat landscape, becoming one of the most common malware attacks and posing a significant risk to your IT assets. Here are the answers you need: what it does, how it gets in, and how to recognize and prevent it.
First, the basics: Cryptomining is the process of validating a block of cryptocurrency transactions and adding them to the blockchain digital ledger. Miners compete against each other to validate a block of transactions using a proof-of-work algorithm that requires solving a complex mathematical problem. The successful miner for any given block receives newly “mined” cryptocurrency as a reward.
It’s big business. Digiconomist estimates annual global revenues of almost $7 billion, most of it earned by legitimate players using their own processing resources – often purpose built.