What is Crypto Malware? - Check Point Software (2024)

In some blockchain platforms, such as Bitcoin or Monero, miners can earn money by performing computationally-expensive operations. Cryptojackers or cryptominers are malware that infect a computer and use its computational power to perform these calculations and earn money.

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How It Works

Blockchains use various consensus algorithms to ensure that the process of creating blocks is decentralized. In blockchains such as Bitcoin, Monero, and many others, the consensus algorithm used is Proof of Work (PoW).

In PoW, a valid block is defined as one whose header hashes to a value less than a particular value. Since hash functions are unpredictable, the only way to find a valid block is to try various options and try to get the right one. In the case of Bitcoin, the threshold is set so that the entire network working together will find a valid block every ten minutes on average. Whichever miner finds the valid block gets the reward.

Crypto malware infects a computer and uses it to perform the search for possible blocks. If the malware happens to find a valid block, the attacker can submit it and receive the reward.

Examples of Crypto Malware

Cryptomining malware has grown in popularity since it provides cybercriminals with a way to directly make money off of their control of a system. Some of the leading examples of crypto malware described in Check Point’s 2022 Cyber Attack Trends Mid-Year Report include:

  • XMRig: XMRig is an open-source cryptojacking malware that is commonly incorporated into other types of malware. It is designed to mine the Monero or Bitcoin cryptocurrency.
  • Rubyminer: Rubyminer was discovered in January 2018 and focuses on servers, both Windows and Linux. Rubyminer looks for vulnerable webservers and delivers XMRig to mine Monero.
  • LemonDuck: The LemonDuck malware emerged in 2018 and uses various propagation methods, including malspam, vulnerability exploitation, and the use of compromised credentials to log in via RDP. In addition to mining cryptocurrency, it also harvests email credentials and delivers other malware to infected computers.
  • Darkgate: Darkgate is a malware variant first discovered in December 2017 that primarily targets Windows systems. This malware combines multiple functions, including cryptomining, ransomware, credential stealing, and remote access trojan (RAT) functionality.
  • WannaMine: WannaMine mines the Monero cryptocurrency. This cryptominer is a worm that spreads using EternalBlue and uses Windows Management Instrumentation (WMI) permanent event subscriptions to achieve persistence on a system.

How to Detect Crypto Mining Malware

Cryptomining malware is designed to consume significant processing power as it tries potential candidates for a block header. As a result, an infected computer may display one of the following two signs:

  • Increased resource consumption.
  • Slowness of computers and servers

How to Prevent Crypto Malware Attacks

Cryptomining malware can be profitable because it gives attackers access to a vast amount of processing power to use for mining cryptocurrency. However, this comes at the cost of the companies who foot the bill for the mining activity occurring on their systems. Some steps that a business can take to prevent its systems from being co-opted for cryptomining include:

  • Patch Applications and Systems: Several cryptomining malware variants are delivered by exploiting vulnerabilities in an organization’s systems. Promptly applying patches to close these security holes can reduce the probability of infection.
  • Virtually Patch with IPS: Patching every vulnerability is infeasible for most organizations. Intrusion prevention systems (IPS) can help to scale patch programs by blocking attempted exploits against vulnerable systems.
  • Implement MFA: Use of compromised credentials on RDP or other remote access platforms is another common malware delivery vector. Implementing strong authentication and deploying multi-factor authentication (MFA) can make it more difficult for attackers to use these compromised credentials.
  • Deploy Zero-Day Protection: Cryptomining malware can be a profitable business, and cybercriminals invest significant resources into evading detection. Zero-day malware detection capabilities are essential to preventing crypto malware from gaining access to an organization’s systems and stealing their resources.
  • Secure the Cloud: Cloud-based systems are a common target for cryptominers due to their flexible, scalable processing power and limited visibility to IT teams. Companies must take special care to lock down these systems to protect them against cryptominers.

Check Point’s Harmony Suite and XDR platform

Cryptominers are one of several malware threats that companies are facing today. Learn more about the evolving cyber threat landscape in the 2022 Cyber Attack Trends Mid-Year report.

Check Point Infinity XDR and Harmony Endpoint provide defense-in-depth against cryptominers and other malware. XDR provides network-level threat visibility and centralized control across an organization’s entire IT architecture, and Harmony Endpoint identifies and remediates malware infections on the endpoint. Learn more about improving your organization’s defenses against crypto malware by requesting a free demo of Harmony Endpoint today.

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Related Topics

What is Cryptojacking

XMRig Malware

What is Malware

Credential Stuffing

What is Crypto Malware? - Check Point Software (2024)

FAQs

What does crypto malware do? ›

Crypto-malware is a form of malware that enables a threat actor to carry out cryptojacking activity. While the process used by hackers is essentially the same as compared to that used by legitimate cryptominers, crypto-malware leverages another user's devices and processing power to gain payment.

How do I know if I have crypto malware? ›

Users can check the CPU usage via Task Manager (Windows) or Activity Monitor (macOS). The CPU usage should generally stay below 20-30%, but it exhibiting unexpected spikes can be the result of a crypto malware running in the background. Unexpected increase in electricity costs.

What is the primary action that crypto malware performs? ›

Crypto ransomware — also known as crypto-malware is malware that encrypts files on a device and demands a ransom for its recovery. Victims are incentivized to pay the ransom because only the cybercriminals behind the attack know the decryption key needed to recover their data.

Is crypto malware a worm? ›

A crypto worm is another type of crypto malware that also shares characteristics with computer worms. They work by spreading themselves across an entire network, exploiting system vulnerabilities in order to mine cryptocurrency.

How to check if your PC is being used for crypto? ›

Is your PC Infected with a Crypto Miner? Here's How to Find Out
  1. High CPU or GPU Usage. ...
  2. Increased fan noise and overheating. ...
  3. Decrease in performance. ...
  4. Unexplained Network Activity. ...
  5. Crashes and more crashes. ...
  6. Short battery life. ...
  7. Unknown Processes in Task Manager. ...
  8. Blocked access to system monitoring tools.
Jun 12, 2024

How do I get rid of Bitcoin malware? ›

Home remediation
  1. Please download Malwarebytes to your desktop.
  2. Double-click MBSetup.exe and follow the prompts to install the program.
  3. When your Malwarebytes for Windows installation completes, the program opens to the Welcome to Malwarebytes screen.
  4. Click on the Get started button.
  5. Click Scan to start a Threat Scan.

How do I check my device for malware? ›

Check for Android malware using Play Protect
  1. Open the Play Store on the Android device you want to scan.
  2. Tap on your profile in the upper-right corner.
  3. Tap on Play Protect.
  4. Tap Scan.
  5. Tap on the option to remove any detected malware.
Jan 5, 2023

How do you tell if you have hidden malware? ›

How To Know if You Have Malware
  1. suddenly slows down, crashes, or displays repeated error messages.
  2. won't shut down or restart.
  3. won't let you remove software.
  4. serves up lots of pop-ups, inappropriate ads, or ads that interfere with page content.
  5. shows ads in places you typically wouldn't see them, like government websites.

How do you check if my computer is infected with malware? ›

Download an antivirus or anti-malware tool. Disconnect from the internet and enter Safe Mode. Open Task Manager (or Activity Monitor) to check your device for malicious applications. Turn on your antivirus and scan your computer for viruses or other malicious software.

Where does malware hide? ›

Malware is usually distributed through malicious websites, emails, and software. Malware can also be hidden in other files, such as image or document files, or even in seemingly innocuous files, such as .exe files.

How does malware get on your device? ›

Malware can use known software vulnerabilities to infect your PC. A vulnerability is like a hole in your software that can give malware access to your PC. When you go to a website, it can try to use vulnerabilities in your web browser to infect your PC with malware.

What malware steals crypto currency? ›

One of the most common types is ransomware. Ransomware is malware that encrypts a user's files and demands a ransom in exchange for the decryption key. The ransom is usually demanded in cryptocurrency, which makes it difficult to trace.

How do you check for crypto malware? ›

One way to check for crypto malware is to visit a website with little or no media content—meaning it shouldn't use much computer power. Next, run your Activity Monitor or Task Manager to check your CPU usage. If you notice high CPU usage, you may be a victim of cryptojacking or another form of malware.

What are some signs that you have cryptomining malware installed on a computer? ›

Some common signs of a potential cryptojacking breach are slower computer speeds, unusually high CPU usage, and overheating hardware. But some cryptojackers take measures to mask these signs.

Do I have a crypto virus? ›

The common symptoms alarming the possible crypto-mining malware infection threat are the following: High CPU usage. Slow performance, lagging. Overheating.

How does cryptomining malware work? ›

Cryptomining malware runs stealthily in the background, hijacking the victim's central processing unit (CPU) and graphics processing unit (GPU) to “mine” fresh bits of cryptocurrency by solving complex math problems that verify crypto transactions.

What happens when malware attacks? ›

Malware is malicious software, which - if able to run - can cause harm in many ways, including: causing a device to become locked or unusable. stealing, deleting or encrypting data. taking control of your devices to attack other organisations.

Why are crypto malware attacks so successful? ›

With the proliferation of cryptocurrencies, the payment and money laundering processes have become more anonymous and less risky. Additionally, the increasing interconnectedness of digital systems worldwide amplifies the potential impact of attacks, making them an attractive option for criminals.

What are the symptoms of crypto miner virus? ›

A device runs at full capacity when mining a cryptocurrency. This leads to possible overheating, and the increased CPU temperature is a good indicator. The infected PC works slower and louder because Bitcoin miner viruses drain computer performance.

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