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True of false,Hackers secretly use victim’s computer to mine cryptocurrency is called Cryptojacking True False

Question

True or false:

Hackers secretly use victim’s computer to mine cryptocurrency is called Cryptojacking

  • True
  • False
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Solution

The statement is True.

Cryptojacking is a type of cyber attack where hackers secretly use the resources of a victim's computer to mine cryptocurrency without their knowledge or consent. This typically occurs when a victim visits a compromised website or downloads malicious software that exploits their system's processing power. The hacker can then utilize the infected device to solve complex mathematical problems, a necessary process for mining cryptocurrencies like Bitcoin or Monero.

Victims often experience a slowdown in their computers, increased electricity usage, and in some cases, damage to hardware due to prolonged resource strain. Cryptojacking is particularly concerning because it can be difficult to detect, as it may not leave the telltale signs typically associated with other types of malware or malicious activity. Consequently, users must take steps to secure their systems against such threats, including using comprehensive security software and being cautious about the websites they visit.

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