Our Technology Thwarts Cryptojacking

October 15th, 2020 by admin

A hacker in a dark hoodie typing on two keyboards, one for each hand, while orangish red test floats around them

SAN MATEO, CA - MPA Networks, Inc., a leading managed technology services provider (MTSP), is helping small to mid-sized businesses (SMBs) to prevent cryptojacking attacks from damaging their organizations. Cryptojacking attacks, are derived from the widely popular cryptocurrencies, such as Bitcoin and Ethereum, and occurs when a corporate server is hijacked in order to facilitate cryptocurrency transactions by leveraging the inherent power of high-performance servers. As cryptocurrencies rely on an enormous amount of server power in order to facilitate transactions, many of the corporate servers that power small to mid-sized businesses have become an obvious target of cryptojacking attacks, as they are simply the most efficient vehicle for cryptojackers to exploit. MPA Networks, Inc. is currently protecting SMBs from this threat.

"Businesses that are under attack are often unaware of this threat because these attacks are specifically designed to be minimally intrusive and hard to trace," stated Michael Price, President & Founder at MPA Networks, Inc.. "Typically, cyber criminals set up their malware to run quietly in the background during daytime hours, only to extract maximum power during off-hours. It's one of the telltale signs, yet this is rarely monitored by organizations that aren't working with a reputable managed technology services provider. The result is that most businesses are flying blind and unaware that their security has been compromised, which doesn't seem very dangerous on the surface. However, this leaves many cryptocurrency hackers with access to very sensitive points within an organization that can be taken advantage of later."

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