An 'arms race' is emerging to steal computing power to mine cryptocurrencies, says RedLock CEO

An 'arms race' is emerging to steal computing power to mine cryptocurrencies, says RedLock CEO

6 years ago
Anonymous $gcegwZ91io

https://www.cnbc.com/2018/03/01/arms-race-emerges-to-steal-compute-power-to-mine-cryptocurrencies-ceo.html

There appears to be an arms race by hackers to steal computing power from the public cloud to mine cryptocurrencies, RedLock co-founder and CEO Varun Badhwar told CNBC on Thursday.

Cryptojacking, a process whereby hackers deploy software that exploits a computer's central processing unit to mine cryptocurrency, is on the rise, said Badhwar, whose firm specializes in cloud security.