Last week I wrote an article on illicit cryptomining – how hackers are sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. I attempted to raise the alarm, calling this threat the most dangerous of 2018.
I didn’t go far enough.
Upon deeper reflection, the implications of illicit cryptomining are profoundly frightening. Because this type of cyberattack is ‘relatively’ benign – for certain definitions of ‘relatively’ – it’s positioned to run amuck, taking over computers, networks, data centers, and cloud environments around the world.
Perhaps there’s a way to stop this insidious infection from killing its host, which is nothing less than the global computing infrastructure. To be sure, cybersecurity vendors are already on the job.
In my opinion, however, prevention and mitigation technologies will never work well enough. There’s only one way to slay this beast. We must make all cryptocurrency as we know it today illegal.
Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, IBM is an Intellyx customer. None of the other organizations mentioned in this article are Intellyx customers. Image credit: neepster.