12 THE DISTRIBUTOR’S LINK Joe Dysart Joe Dysart is an Internet speaker and business consultant based in Thousand Oaks, California. A journalist for 20 years, his articles have appeared in more than 40 publications, including The New York Times and The Financial Times of London. During the past decade, his work has focused exclusively on ecommerce. Telephone: 631-256-6602; web: www.joedysart.com; email: joe@joedysart.com. HACKERS’ NEW TRICK: STEALING COMPUTING PROCESSING POWER FROM FASTENER DISTRIBUTORS In a marked shift from previous years, hackers are much more likely these days to be bent on stealing your computing processing power than embedding ransomware or other malware in your network, according to a new March 2019 report from IBM. (www.ibm.com/security/ data-breach/threat-intelligence) The reason: It’s much safer for hackers to simply steal your computing processing power over the Internet – and use it for the mining crypto-currencies like Bitcoin -- than to get involved in planting other criminal software on business and corporate networks, according to the report’s authors. “One of the hottest commodities is computing power tied to the emergence of crypto-currencies,” says Wendi Whitmore, Global Lead, IBM X-Force Incident Response and Intelligence Services. “This has led to corporate networks and consumer devices being secretly high-jacked to mine for these digital currencies.” Adds Kevin Haley, director, Symantec Security Response: “Now you could be fighting for resources on your phone, computer or I.O.T. device -- as attackers use them for profit.” All told, the number of computer users reportedly impacted by Black Hat (criminal) mining was more than five million in 2018 – up from 2.7 million the prior year, according to a report from IT security firm Kapersky Lab (www.securelist.com/kaspersky-security-bulletin-2018- story-of-the-year-miners/89096). HACKERS HAVE A NEW TRICK – STEALING YOUR COMPUTING PROCESSING POWER WHEN YOU’RE NOT LOOKING. (ALL IMAGES SOURCED FROM ROYALTY-FREE, COPYRIGHT-FREE, CREDIT-FREE, ONLINE IMAGE LIBRARIES) Most likely, the number is actually probably much higher, given that it’s often very difficult to detect when a Black Hat miner has actually infiltrated your network or computer. The reports from IBM and Kapersky are an eye-opening shift in hacker tactics for fastener distributors, given that so many corporations and individuals are currently fixated on preventing ransomware and other malware attacks, and so few realize that hackers have now moved on to stealing computing processing power. One of the most vexing aspects of this theft of computing processing power – also known as crypto-jacking -- is that it can be so clandestine. Many hackers running the scam are often careful to steal computer processing power only when a computer or smartphone is not in use. The most careful steal power during the off-hours, when computers are on but most people who work for your fastener distributorship are sleeping. CONTRIBUTOR ARTICLE CONTINUED ON PAGE 126
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