Tag: cryptocurrency
How MSPs should navigate the rise of cryptomining
Bitcoin value has been steadily climbing over the last year. Between March 2022 and November 2022, Bitcoin prices crashed from over $47,000 to around $16,000, however rising investor confidence has pushed Bitcoin back up over the $35,000 mark in October...
Threat Spotlight: Extortion attacks
Extortion attacks, which are an increasingly common form of email scams, threaten the victim with compromising information, such as an embarrassing photo, and request payment in a cryptocurrency to prevent the information from being released. Attackers often purchase victims’ login...
Does Blockchain fit in with being an MSP?
Mention Blockchain and most people’s minds jump straight to cryptocurrencies. In many cases, the second thought that comes to mind is massive resource requirements. Cryptocurrencies are built on top of blockchains – and it is the mining activity to solve...
Cryptojacking is making a comeback
Black Squid has washed up on the cyber-shores of the United States, after first being spotted in Thailand. Unlike its oceanic counterparts, this cyber squid is destructive. Beincrypto describes the threat like this: It uses tactics such as anti-virtualization, anti-debugging,...
Time to appreciate the thin line of cybersecurity defense maintained by MSPs
One of the toughest, and often thankless, roles in all of IT is that of the managed security services provider (MSSP). Most MSSPs know cyberattacks tend to come in waves. Cybercriminals like to mix up their attack vectors to avoid...
Ask an MSP Expert: How can MSPs strengthen their clients’ defenses from cryptominers?
Q: I have some customers with fairly large networks, and one of them is a business college. It seems like all those latent CPUs would be an attractive target for cryptominers. We’ve been taking steps to protect them, but I’m...
Traditional Trojans meet cryptos
Students at St. Francis Xavier University in Nova Scotia were caught off guard recently as they logged online to check their grades and work on projects as they headed towards semester finals. To their surprise, the school’s network was shut-down...
