NEWS FOR IMMEDIATE RELEASE
Blue Fox Group’s Technology Thwarts Cryptojacking
SCOTTSDALE, AZ — July 27, 2018 – Blue Fox Group, a leading managed technology services provider, is helping small to mid-sized Arizona businesses (SMBs) to prevent cryptojacking attacks from damaging their organizations. Cryptojacking attacks, are derived from the widely popular cryptocurrencies, such as Bitcoin and Ethereum, and occurs when a corporate server is hijacked in order to facilitate cryptocurrency transactions by leveraging the inherent power of high-performance servers. As cryptocurrencies rely on an enormous amount of server power in order to facilitate transactions, many of the corporate servers that power small to mid-sized businesses have become an obvious target of cryptojacking attacks, as they are simply the most efficient vehicle for cryptojackers to exploit. Blue Fox Group is currently protecting Phoenix-based businesses in the metro area from this threat.
“Businesses that are under attack are often unaware of this threat because these attacks are specifically designed to be minimally intrusive and hard to trace,” stated Mike Lindsley, Owner at Blue Fox Group. “Typically, cybercriminals set up their malware to run quietly in the background during daytime hours, only to extract maximum power during off-hours. It’s one of the telltale signs, yet this is rarely monitored by local Arizona-based businesses that aren’t working with a reputable managed technology services provider. The result is that most businesses are flying blind and unaware that their security has been compromised, which doesn’t seem very dangerous on the surface. However, this leaves many cryptocurrency hackers with access to very sensitive points within an organization that can be taken advantage of later.”
Most attacks take place when businesses are most vulnerable; after-hours and during migration to cloud-based solutions. During off-hours, cryptocurrency mining software can be installed quickly and without detection, creating a pivot-point where hackers can later install even more malware. Another vulnerable moment is when businesses are migrating their network to the cloud. The vulnerability here is because of the complexity and level of detailed attention required to successfully navigate these kinds of infrastructure transitions. Where most business owners simply add technology piece-by-piece, this fails to address the gaps in the network that arise gloming one solution onto another. Networks can quickly become messy and this is how organizations get exposed to hackers. In the case, of cryptojacking, it’s no different.
“Phoenix-based business owners can protect themselves by taking the following actions, commented Mr. Lindsley. “As a first step, they need to diagnose their network and segment the utilization of their data. By doing this, business owners or CTOs can see which devices, servers, and endpoints are performing optimally and which are underperforming. Underperforming servers can provide a hint that the organization may have been cryptojacked. Another action they can take is to make sure that they aren’t vulnerable to exploit kits, which are tools hackers use to infiltrate networks via common business software. Lastly, businesses can direct their attention to systems that expose the network, like VPNs (Virtual Private Networks) or other cloud-based technology. While there are many more steps to take, these are very effective first steps to protect any organization from cryptojacking.”
ABOUT BLUE FOX GROUP
Blue Fox Group, an Arizona based innovative provider of IT, phone, security and cabling systems, designs and delivers to businesses reliable, proactive and comprehensive IT solutions that simplify their technology stack, streamline operations, and enable growing businesses to focus on what matters most—running their organizations. Offering advanced technology know-how, the Blue Fox Group teams brings innovative IT, workspace, cloud performance and hybrid solutions that help businesses simplify and leverage technology to meet specific objectives.
Blue Fox Group is a member of the Technology Assurance Group (TAG) which allows us to offer exclusive programs, benefits and cost savings to our customers unmatched by non-TAG members. Blue Fox Group is also an authorized dealer on the products we provide. This means our technicians have multiple certifications and our staff is professionally trained to provide the highest in customer support. As technology continues to grow and change it is important that we provide a human touch to the people and organizations we do business with. Blue Fox Group understands and respects the value of our relationships, that's why we have been actively involved in supporting our community through charitable events and service initiatives. We look forward to serving you. To learn more about our products, services and support for services in the Arizona area, please contact Blue Fox Group at 480-941-8280.