{"id":2526,"date":"2019-04-02T15:36:27","date_gmt":"2019-04-02T19:36:27","guid":{"rendered":"https:\/\/solutionsreview.com\/security-information-event-management\/?p=2526"},"modified":"2019-04-02T15:36:27","modified_gmt":"2019-04-02T19:36:27","slug":"57-of-enterprises-unfamiliar-with-cryptojacking-says-exabeam","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/security-information-event-management\/57-of-enterprises-unfamiliar-with-cryptojacking-says-exabeam\/","title":{"rendered":"57% of Enterprises Unfamiliar with Cryptojacking Says Exabeam"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2527\" src=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod.jpg\" alt=\"57% of Enterprises Unfamiliar with Cryptojacking Says Exabeam\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod.jpg 800w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod-300x150.jpg 300w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod-768x384.jpg 768w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod-540x270.jpg 540w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod-162x81.jpg 162w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/04\/Bitcoin-Mod-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Today, <a href=\"https:\/\/solutionsreview.com\/security-information-event-management\/the-top-6-enterprise-siem-capabilities-you-need-today\/\" target=\"_blank\" rel=\"noopener noreferrer\">SIEM<\/a> solution provider Exabeam released the results of an enterprise research report: &#8220;The Anatomy of Shadow Mining.\u201d Their results, including an in-depth survey, prove shocking; 57% of respondents remain unfamiliar with cryptojacking, an increasingly prevalent form of malware.<\/span><\/p>\n<div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a href=\"https:\/\/logrhythm.com\/forrester-wave-security-analytics-analyst-report-2018\/?utm_source=Solutions-Review&amp;utm_medium=cpc&amp;utm_campaign=Solutions-Review&amp;AdGroup=&amp;utm_program=NAcpc1&amp;utm_content=C-Download-Now&amp;utm_region=NA&amp;utm_language=en\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2018\/10\/PM_Forrester_Wave_Display_C.jpg\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Additionally, the Exabeam survey exposes enterprises\u2019 lack of familiarity with shadow mining; 65% of respondents did not know the term. <\/span><\/p>\n<h2 style=\"text-align: justify\"><b>Shadow Mining vs. Cryptojacking<\/b><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Just what is the difference between shadow mining and cryptojacking? <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Cryptojacking allows externals threat actors illicitly \u201cmine\u201d cryptocurrencies on victim networks. Mining cryptocurrency places a heavy toll on processing power and electrical usage\u2014exactly why threat actors use malware to put the burden on enterprises instead. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">On the other hand, shadow mining involves an insider threat subverting their enterprise\u2019s resources for illicit cryptocurrency mining. While cryptojacking falls under the malware umbrella, Exabeam classifies shadow mining as Shadow IT. Shadow IT refers to any insider threat which subverts IT infrastructures.<\/span><\/p>\n<h3 style=\"text-align: justify\"><b>Other Findings from Exabeam<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">For this report, Exabeam surveyed 150 cybersecurity professionals at the Cloud and Cybersecurity Expo 2019. As a result, they reveal: \u00a0<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">47% don\u2019t feel confident about detecting or preventing cryptojacking or shadow mining with their current cybersecurity policies or tools. <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Only 22% consider shadow mining a significant threat. <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Respondents mentioned ransomware and BYOD threats as the most common IT security challenges, neglecting mining malware. <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Additionally, Barry Shteiman\u2014Vice President of Research and Innovation at Exabeam\u2014summarized the survey\u2019s results. \u201cIt is eye-opening to learn that so many professionals still see their biggest IT threats coming from outside of their organizations. Given the rise of cryptocurrencies, IT teams need to realize that shadow mining is a significant threat and should be given more consideration.\u201d <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">You can download full \u201c<\/span><a href=\"https:\/\/www.exabeam.com\/library\/the-anatomy-of-shadow-mining\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">The Anatomy of Shadow Mining<\/span><\/a><span style=\"font-weight: 400\">\u201d report by <a href=\"https:\/\/solutionsreview.com\/security-information-event-management\/all-businesses-should-follow-these-4-siem-cybersecurity-tips\/\" target=\"_blank\" rel=\"noopener noreferrer\">SIEM<\/a> solution provider Exabeam here. Also, you can read the full Exabeam <\/span><a href=\"https:\/\/www.exabeam.com\/pr\/exabeam-survey-shows-many-organizations-in-the-dark-about-shadow-mining-cybersecurity-threat\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">press release<\/span><\/a><span style=\"font-weight: 400\"> here.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>Widget not in any sidebars<br \/> \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, SIEM solution provider Exabeam released the results of an enterprise research report: &#8220;The Anatomy of Shadow Mining.\u201d Their results, including an in-depth survey, prove shocking; 57% of respondents remain unfamiliar with cryptojacking, an increasingly prevalent form of malware. Additionally, the Exabeam survey exposes enterprises\u2019 lack of familiarity with shadow mining; 65% of respondents did [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":2527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[95,145,372,112,86,82,48,21,57,1046,22],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>57% of Enterprises Unfamiliar with Cryptojacking Says Exabeam<\/title>\n<meta name=\"description\" content=\"A recent report and survey from SIEM solution provider Exebeam found over half of enterprises still aren&#039;t familiar with cryptojacking! 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