In the digital world, a company's website is a key touchpoint for its customers, but it also serves as an entry point for malicious actors. Thousands of websites operated by some of the world's most recognized companies and government agencies have been compromised by malicious actors anxious to harvest web visitors' CPU power for their mining operations. The root cause of these compromised websites in many cases is third-party code suppliers who usually have inadequate security and give access through a trusted connection to thousands of visitors of popular e-commerce sites.
Today, cryptomining represents a new frontier for hackers to launch their attacks. One common hijacking method involves embedding cryptomining code under ad campaigns that appear on a webpage or run in a browser. Another involves the unauthorized installation of cryptomining code on a website. Regardless, whether victims browse the site or view the ad, the malicious code secretly harnesses the machine's or device's CPU power.
Cryptomining in Action
Recently, The Media Trust's Digital Security & Operations (DSO) team sounded the alarm when they detected a spate of incidents involving:
1. A web analytics provider that we will refer to as "Webcount"
2. A popular car research aggregator, referenced as "Carsearch"
While the team spotted a few incidents of cryptomining malware in the past, more recent incidents are different because they involve more sophisticated campaigns using the digital supply chain as a distribution channel to target brands trusted by consumers and businesses
In the "Webcount" case, the DSO team identified the cryptomining code while scanning client websites for unauthorized code. Associated with a well-known file extension, the anomalous code was seen on every client website running the Webcount analytics. The same file extension coincided with previous Coinhive incidents identified and thwarted by the DSO team. The cryptojacking malware developers made no effort to obfuscate the malicious code. On the contrary, they avoided antivirus detection by using legitimate code throughout the entire file. Once the code made a call to a malicious domain never before seen in any major domain or IP verification analysis, the DSO team alerted the client and terminated the malware's source.
Webcount and CarloansRUs are ideal attack vectors because they give access to a large number of site visitors who will linger on the sites and give hackers enough time to mine for cryptocurrencies.
How to Avoid Cryptojacking
Websites depend on the support of third-party code providers. A typical commercial website has an average of 100 third parties supporting its various features, such as analytics, content management systems, customer recognition platforms, social widgets, and more. Third parties account for anywhere between 50% to 95% of website code execution. In effect, more than half of all code on a website lies outside a company's direct control. To further complicate matters, the inventory of third parties can change each day.
The Webcount and CarloansRUs cases demonstrate why website operators need to know with whom they are doing business and how to close the loop on third-party vulnerabilities related to analytics, data management, customer identification, chat, image library, and widgets. Companies must create and implement an in-depth digital vendor risk management strategy to identify and decrease the potential security risk associated with third-party vendors. Today's digital environment requires vendor management strategies that are able to adapt to the ever-changing nature of digital assets and provide compliance with a myriad of new digital privacy regulations.
Learn from the industry's most knowledgeable CISOs and IT security experts in a setting that is conducive to interaction and conversation. Click for more info.Patrick Ciavolella is digital security & operations director at The Media Trust. He has been working at the company for over 11 years, protecting clients' digital ecosystems from the ever-evolving threat landscape. His team is at the forefront of exposing hard-to-detect ... View Full Bio