Prevention of Cryptojacking Attacks in Business and FinTech Applications

Abstract

More than 2000 different cryptocurrencies are currently available in business and FinTech applications. Cryptocurrency is a digital payment system that does not rely on banks to verify their financial transactions and can enable anyone anywhere to send and receive their payments. Crypto mining attracts investors to mine and gets some coins as a reward for using the cryptocurrency. However, hackers can exploit the computing power without the explicit authorization of a user by launching a cryptojacking attack and then using it to mine cryptocurrency. The detection and protection of cryptojacking attacks are essential, and thus, miners are continuously working to find innovative ways to overcome this issue. This chapter provides an overview of the cryptojacking landscape. It offers recommendations to guide researchers and practitioners to overcome the identified challenges faced while realizing a mitigation strategy to combat cryptojacking malware attacks.