Does your smartphone suddenly becomes slow or gets heated or its battery gets reduced without any reason. Then there is every possibility that it is being used by the hackers for the mining of cryptocurrency.
This development is a type of cyber-attack which has been named by the experts as CRYPTOJACKING.
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| Bitcoin Wikimedia Commons by Web-dev-Chris |
According to cyber expert Zerom William, in Crypto Jacking, the mining of Crypto Currency is done by installing a malware on the internet server, personal computer or in a smartphone.
Crypto Currency is also known as Virtual Currency.
The mining of Cryptocurrency is a process of stealing the information about the trading or dealings of Cryptocurrency.
The hackers get huge payments to provide such information.
William says that the mining of virtual currencies like Bitcoin, Ethereum, Litecoin, Monero, Z Cash, Digital Note, Ardor, etc., is a profitable business. But this process is very expensive.
Crypto Mining needs large amounts of energy and increases the electricity bill. And the hackers have discovered a cheap option of energy through smartphones.
The researchers of IT Security Company ESET found that the mining of cryptocurrency Monroe was being done through Bug Smasher game. This game has been downloaded by 1.5 Million users through Google Play Store.
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