How CISOs can Mitigate Cryptomining Malware<\/title> <link href=\"https:\/\/fonts.googleapis.com\/css?family=Open+Sans:300,300i,400,400i,600\" rel=\"stylesheet\">\n<link href=\"\/\/customer.cludo.com\/css\/296\/1798\/cludo-search.min.css\" type=\"text\/css\" rel=\"stylesheet\"> <link rel=\"stylesheet\" href=\"\/etc.clientlibs\/trendresearch\/clientlibs\/clientlib-trendresearch.min.css\" type=\"text\/css\"> <meta property=\"og:url\" content=\"https:\/\/www.trendmicro.com\/en_us\/ciso\/22\/c\/stop-cryptomining-malware.html\"><br \/>\n<meta property=\"og:title\" content=\"How CISOs can Mitigate Cryptomining Malware\"><br \/>\n<meta property=\"og:site_name\" content=\"Trend Micro\"><br \/>\n<meta property=\"og:image\" content=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/ciso\/22\/c\/cryptomining-mitigation-strategies-for-cisos\/cryptomining-mitigation-image-01.png\"><br \/>\n<meta property=\"og:locale\" content=\"en_US\"> <meta name=\"twitter:card\" content=\"summary_large_image\"><br \/>\n<meta name=\"twitter:site\" content=\"@TrendMicro\"><br \/>\n<meta name=\"twitter:title\" content=\"How CISOs can Mitigate Cryptomining Malware\"><br \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/ciso\/22\/c\/cryptomining-mitigation-strategies-for-cisos\/cryptomining-mitigation-image-01.png\"> <\/head> <body class=\"articlepage page basicpage context-business context-ciso\" id=\"readabilityBody\" readability=\"48.302222222222\">  <a id=\"page-scroll\" title=\"VerticalPageScroll\" href=\"javascript:jumpScroll($(this).scrollTop());\"> <span class=\"icon-chevron-up\"><\/span> <\/a>  <\/p>\n<div class=\"root responsivegrid\">\n<div class=\"aem-Grid aem-Grid--12 aem-Grid--default--12 \">\n<div class=\"articleBodyHero aem-GridColumn aem-GridColumn--default--12\">\n<div class=\"research-layout article hero container\" role=\"contentinfo\">\n<article class=\"research-layout--wrapper row\" data-article-pageid=\"1223866997\">\n<div class=\"col-xs-12 col-md-12 research-layout--columns\">\n<div class=\"col-xs-12 col-md-6 research-layout--inner\" readability=\"8.7054545454545\">\n<div class=\"article-details\" role=\"heading\" readability=\"36.756363636364\"> <span class=\"article-details__bar\" role=\"img\"><\/span> <\/p>\n<p class=\"article-details__display-tag\">Risk Management<\/p>\n<p class=\"article-details__description\">Learn more about cloud-based cryptomining, its repercussions, and how CISOs can create an effective risk mitigation strategy for this threat.<\/p>\n<p class=\"article-details__author-by\">By: Jon Clay <time class=\"article-details__date\">March 29, 2022<\/time> <span>Read time: <\/span><span class=\"eta\"><\/span> (<span class=\"words\"><\/span> words) <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"col-xs-12 col-md-6 research-layout--inner\">\n<figure class=\"research-layout--figure\"> <img decoding=\"async\" src=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/ciso\/22\/c\/cryptomining-mitigation-strategies-for-cisos\/cryptomining-mitigation-image-01.png\" alt=\"cryptomining\"> <\/figure>\n<\/p><\/div>\n<\/p><\/div>\n<hr class=\"research-layout-divider\"> <main class=\"main--content col-xs-12 col-md-8 col-md-push-2\"> <\/p>\n<div class=\"richText\" readability=\"43.040983606557\">\n<div readability=\"32.885245901639\">\n<p>As cryptocurrencies continue to grow in popularity, organizations are increasingly at risk for cryptomining attacks. In fact, <a href=\"https:\/\/www.trendmicro.com\/en_us\/apache-log4j-vulnerability.html\">Apache Log4j (Log4Shell)<\/a>\u2014the holiday gift no one asked for\u2014was observed to be mostly used for cryptomining and ransomware by cybercriminals. <a href=\"https:\/\/documents.trendmicro.com\/assets\/rpt\/rpt-navigating-new-frontiers-trend-micro-2021-annual-cybersecurity-report.pdf\" target=\"_blank\" rel=\"noopener\"><span class=\"bs-modal\">Trend Micro Research<\/span><\/a> investigated the most prominent groups in the cryptocurrency-mining landscape to determine the impacts on organizations and establish best practices for effective risk mitigation.<\/p>\n<p><span class=\"body-subhead-title\">What is cloud-based cryptomining?<\/span><\/p>\n<p>Malicious cloud-based cryptomining or cryptocurrency-mining malware is when cybercriminals enter cloud deployments by exploiting unpatched vulnerabilities, weak credentials, or misconfigurations to utilize an organization\u2019s compute power to generate cryptocurrency.<\/p>\n<p><span class=\"body-subhead-title\">Business repercussions of cryptomining<\/span><\/p>\n<p>1. Resource consumption and cost<\/p>\n<p>Perhaps the most obvious impact\u2014cybercriminals mooching off compute power leads to significant spikes in cloud computing costs. This is especially worrisome if the cloud environment is set to auto-scale; legitimate projects can be scaled up and cost more, making cryptomining difficult to detect until the bill comes in. For example, when Trend Micro Research deployed the monero miner, XMRig, on one of its systems, they saw a drastic 600% increase in CPU costs from US$20 to US$130 per month.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"image\">\n<figure class=\"image-figure\"> <img decoding=\"async\" src=\"https:\/\/www.trendmicro.com\/content\/dam\/trendmicro\/global\/en\/ciso\/22\/c\/cryptomining-mitigation-strategies-for-cisos\/image1-cpu-utilization.png\" alt=\"cpu-utilization\"><figcaption>Dashboard view showing the spike in CPU usage leading to heftier electricity bills <\/figcaption><\/figure>\n<\/p><\/div>\n<div>\n<div class=\"richText\" readability=\"45.494584262504\">\n<div readability=\"40.439630455559\">\n<p>2. Business downtime<\/p>\n<p>Even if you do not see the direct impact with fixed pricing of your cloud infrastructure, the uptick in CPU consumption can also cause systems to lag, directly impacting business operations. Not only do disruptions impact internal workflows, but interruptions to online services can also lead to customer dissatisfaction, reputation loss, and revenue decline.<\/p>\n<p>3. Part of a larger attack<\/p>\n<p>While organizations are often concerned with fending off data exfiltration or ransomware attacks, cryptomining should be regarded with the same seriousness. Trend Micro Research compared a successful cryptocurrency-mining attack to \u201ca canary in a coal mine\u201d\u2014meaning it\u2019s an indicator of poor security hygiene that can expose a business to a gauntlet of attacks. Essentially, cryptomining groups use the same tools and techniques to gain access to their targets\u2019 systems that can used by other groups such as <a href=\"https:\/\/www.trendmicro.com\/en_us\/ciso\/22\/a\/organized-cybercrime-what-cisos-need-to-know.html\">access-as-a-service<\/a> or <a href=\"https:\/\/www.trendmicro.com\/en_us\/ciso\/21\/k\/ransomware-as-a-service-101.html\">ransomware-as-a-service actors<\/a>.<\/p>\n<p><span class=\"body-subhead-title\">Cryptomining mitigation strategies<\/span><\/p>\n<p>Since cryptomining groups use the same attack tactics as other cybercriminals, defending against this threat will also bolster your security posture across your enterprise. This means you don\u2019t need to scour the market for yet another point product designed to specifically defend against cryptomining. By leveraging a unified cybersecurity platform, you can address cryptocurrency-mining attacks and other critical threats without further complicating detection and response for security teams.<\/p>\n<p>Look for a platform with the following capabilities to help you and your security teams better understand, communicate, and mitigate threats across the enterprise:<\/p>\n<ul>\n<li><span class=\"rte-red-bullet\">Continuous attack surface monitoring to effectively address risk, including suspicious user behavior. Leveraging the <a href=\"https:\/\/www.trendmicro.com\/en_us\/what-is\/what-is-zero-trust.html\">Zero Trust<\/a> approach ensures only validated users, devices, and applications are granted access and if any suspicious activity is identified, access should be immediately terminated.<\/span><\/li>\n<li><span class=\"rte-red-bullet\">Virtual patching to minimize the chance of vulnerability exploitation in outdated software versions before a vendor patch is released or to help with your current patch management process.<\/span><\/li>\n<li><span class=\"rte-red-bullet\"><a href=\"https:\/\/www.trendmicro.com\/en_us\/what-is\/xdr.html\">Extended detection and response (XDR)<\/a> to collect and correlate deep security data across endpoints, email, network, and cloud for enhanced visibility and faster detection and response.<\/span><\/li>\n<li><span class=\"rte-red-bullet\">Intrusion detection and prevention systems (IDS\/IPS) that can limit and filter both ingress and egress network protection for known exploits.<\/span><\/li>\n<li><span class=\"rte-red-bullet\">Customizable rules to monitor resource utilization, track open ports, and check the usage of and changes made to DNS routing.<\/span><\/li>\n<li><span class=\"rte-red-bullet\">Leverages industry standards and frameworks such as MITRE ATT&CK to help defenders identify the most common tactics and techniques (TTPs) observed amongst cloud-based cryptomining groups.<\/span><\/li>\n<\/ul>\n<p>For more security insights into the cryptomining landscape, <a href=\"https:\/\/www.trendmicro.com\/vinfo\/tmr\/?\/us\/security\/news\/cybercrime-and-digital-threats\/probing-the-activities-of-cloud-based-cryptocurrency-mining-groups\">check out our extensive research report<\/a> and <a href=\"https:\/\/documents.trendmicro.com\/assets\/primers\/primer-navigating-the-landscape-of-cloud-based-cryptocurrency-mining.pdf\"><span class=\"bs-modal\">one-page primer<\/span><\/a>. To learn more about the benefits of leveraging a unified cybersecurity platform, explore these resources:<\/p>\n<ol>\n<li><a href=\"https:\/\/www.trendmicro.com\/en_us\/ciso\/22\/c\/cyber-threat-intelligence-risk-management-strategies.html\">Cyber threat intelligence: Risk management strategies<\/a><\/li>\n<li><a href=\"https:\/\/www.trendmicro.com\/en_us\/ciso\/22\/a\/organized-cybercrime-what-cisos-need-to-know.html\">Organized cybercrime cases: What CISOs need to know<\/a><\/li>\n<\/ol><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<section class=\"tag--list\">\n<p>Tags<\/p>\n<\/section>\n<p> <\/main> <\/article>\n<\/div>\n<\/div><\/div>\n<\/div>\n<p>   <\/p>\n<p> <span>sXpIBdPeKzI9PC2p0SWMpUSM2NSxWzPyXTMLlbXmYa0R20xk<\/span> <\/p>\n<p>   <\/body> Read More <a href=\"https:\/\/www.trendmicro.com\/en_us\/ciso\/22\/c\/stop-cryptomining-malware.html\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn more about cloud-based cryptomining, its repercussions, and how CISOs can create an effective risk mitigation strategy for this threat. Read More HERE…<\/p>\n","protected":false},"author":2,"featured_media":45936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[61],"tags":[9528,9549,9527,9529],"class_list":["post-45935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trendmicro","tag-trend-micro-ciso-article","tag-trend-micro-ciso-cloud","tag-trend-micro-ciso-expert-perspective","tag-trend-micro-ciso-risk-management"],"yoast_head":"\n<title>How CISOs can Mitigate Cryptomining Malware 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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