Why is Cryptojacking a Major Concern in 2022 and Beyond?

The cryptocurrency market has continued to achieve popularity over the years. What we have seen over a period of time is how hackers have come up with various fraud schemes to take advantage of digital currencies. One term that has been doing rounds as far as hacking in the cryptocurrency market is concerned is "Cryptojacking". Cryptojacking is a form of illegal cryptocurrency mining, where servers, computers, mobile phones, and other common devices such as printers are hacked. No wonder Cryptojacking is a major concern. In this article, we will talk about why is Cryptojacking a major concern in 2022 and beyond.

A point about Cryptojacking that is worth a mention is that it doesn't ask for permission. Certain versions keep running long after you leave the initial site. Now, why is this a concern? The reason is quite evident – the users aren't aware whether a site they visited has been using their computer to mine cryptocurrency. Even though the user might believe that the visible browser windows are closed, there is always a hidden one that stays open.

Another cause of concern when it comes to Cryptojacking is that it stands the potential to infect android mobile devices as well. This is quite similar to how Cryptojacking targets desktops. It is seen that certain attacks occur through a Trojan hidden in a downloaded app whereas in some cases, users' phones can be redirected to an infected site. The problem here is – individual phones have relatively limited processing power. This ultimately throws light on how Cryptojacking can turn out to be a major concern in this year and beyond as well.

One cannot deny the fact that Cryptojacking has led to decreased performance of computing devices. The devices might seem to be running slow, they might crash down, and in some cases, the battery seems to be draining more quickly than usual.

Not many are of this but it has been a common observation that Cryptojacking is a resource-intensive task and that this form of illegal cryptocurrency mining can cause computing devices to overheat. All this paves the way for computer damage or shortens their lifespan. Well, no one would want their computing devices to be damaged, right?

The very problem of Cryptojacking is that it is not limited to a single device. These crypto mining scripts tend to behave like virtual worms. As soon as these worms have access to a network, they infect as many devices as they can. This is quite a challenging task and problem to deal with and come up with steps to eliminate the same.

Yet another cause of concern of Cryptojacking is that hackers do everything possible to infect your computer, mobile phone, etc. This further can be used by hackers to steal data and misuse it in ways that go beyond imagination.

All in all, considering how big of a concern Cryptojacking is, it is always advised to detect and avoid this form of illegal cryptocurrency mining as this is no less than any other malware that comes with drastic consequences to bear!