![]() ![]() Bitcoin is the most well-known cryptocurrency, though Monero is also becoming increasingly popular among cybercriminals.Ĭryptomining, or cryptocurrency mining, is the process of creating a unit of cryptocurrency wherein “miners” solve complex mathematical equations in order to validate data blocks and add transaction details to a blockchain. ![]() While cryptocurrency can be used for legitimate purposes, it is also the currency of choice among cybercriminals given its inability to be traced. Unlike money, cryptocurrency is encrypted and decentralized, meaning it is unable to be modified and there is no central authority that manages it. To understand what crypto-malware is and how it works, it is helpful to know what cryptocurrency is and how it is created.Ĭryptocurrency is a digital currency that can be traded online for goods and services based on blockchain technology. Cryptomining, Cryptojacking and Other Crypto-malware Terms Explained Crypto-malware is a type of malicious software, or malware, designed to carry out long-term cryptojacking cyberattacks. ![]()
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