More and more people are mining cryptocurrency to cash in on the craze. But some are actually hacking into computers to leverage other people's mining power. Sonatype's Senior Vice President Bill Karpovich explains the danger of these miners and how hackers exploited IBM several years ago.
"If 2017 was the year of ransomware, 2018 is going to be the year of crypto-jacking," says Karpovich. "It is amazing to see the rate of growth that are coming out."
Before Sonatype, Karpovich served as a General Manager for IBM's Cloud and Watson platform. He says a researcher on this project found crypto-jackers were finding the cheapest way to take advantage of IBM's cloud environment. But after discovering the breach, IBM was able to implement safeguards.
Karpovich says it's important to be aware, install latest patches and protection, and be accountable beyond security teams.
Amazon, Google, Meta, Microsoft and other companies that are leading the development of artificial intelligence technology have agreed to meet a set of AI safeguards brokered by President Joe Biden's administration.
The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and labeling program in place to help consumers choose smart devices that are less vulnerable to hacking.
