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The Next Level Network Blog

IT Management, Security, Compliance for Regulated Firms

Crypto Mining Tools Are Overtaking Ransomware Attacks as a Cyber Threat

Jul 10, 2019 1:16:39 PM / by Liege Payne, Director of Sales & Business Development posted in Ransomware, Soundshore Technology Group, Crypto Mining Tools

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Longer-term Payoffs, Lower Tech Skill Requirements Motivating More Bad Actors

A new cyber threat – crypto mining – began in 2017, accelerated in 2018 and is exploding in 2019, overtaking ransomware attacks to become one of the most prolific threats out there. More correctly termed ‘crypto jacking’ when used for nefarious purposes, crypto mining, when used legally, is a part of the cryptocurrency ecosystem that helps to keep track of ‘blocks’ of cryptocurrency as they’re created. Legitimate crypto miners use crypto mining tools on their computers that may earn them a few pennies for their efforts to help maintain and/or increase the value of cryptocurrencies.

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Cyber Attacks on IoT Devices Are Rising

Jun 14, 2019 12:07:28 PM / by Eric Benda, CEO posted in cyber security, Soundshore Technology Group, IoT Cyber Attacks, SecureRF

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Why More Secure Smart Devices Are Critical to Network Security

In recent years, there’s been a lot of attention on the Internet of Things (IoT). The IoT is revolutionizing many aspects of modern life, but it is also enabling unprecedented cyberattacks on IoT devices. It’s critical for businesses to understand how and why these attacks work, as well as why they must seek more secure smart devices to protect office network security. This is especially true of regulated industries including financial services and healthcare that are adopting IoT technologies to better serve their clients and patients. They must also deal with the downside.

According to its Wikipedia definition, IoT is the extension of Internet connectivity into physical devices and everyday objects. These devices can then communicate and interact with others over the Internet, and they can be remotely monitored and controlled. It’s easy to imagine how bad actors could exploit these factors to breach a smart home security system or to spy on an office conference room via a smart TV.

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