Cryptojacking

Noun · Security & Infosec · Origin: 2017

Definitions

  1. The unauthorized use of someone else's computing resources to mine cryptocurrency, often via malicious scripts on websites or compromised servers.

    In plain English: Secretly using other people's computers to mine cryptocurrency — they pay the electricity bill, the hacker keeps the coins.

  2. Browser-based cryptojacking peaked around 2017-2018 when Coinhive offered a JavaScript miner that website owners could embed to mine Monero using visitors' CPUs. Coinhive shut down in 2019, but server-side cryptojacking via compromised cloud instances continues to grow.

    Example: 'Our AWS bill spiked 400% overnight. Turned out someone compromised an exposed Docker socket and deployed crypto miners across our entire cluster.'

    Source: historical / cloud context

Etymology

2017
Coinhive launches a JavaScript-based Monero miner intended for website monetization, but it is immediately weaponized by attackers
2018
'Cryptojacking' is coined as a portmanteau; it becomes the most detected threat category, surpassing ransomware
2019
Coinhive shuts down as Monero's declining value and browser countermeasures make the scheme unprofitable

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