Bitcoin Price rise could lead to smart home attacks that cause Electric Bills to rise

A cybersecurity expert has warned that as bitcoin's price is going high that can cause cyber attacks on people's smart home.

People's devices are quietly hijacked and forced to mine digital currencies for other people, are on rise. It's called cryptojacking.

Not just regular computers are at risk but other Internet connected devices around the home such as light bulbs, smart thermostats and cameras could be targeted and the victims may not even notice that they had been attacked until they saw their electricity bills inflate.

Cryptocurrency mining requires a lot of processing power and therefore a lot of energy.

Any device that is smart now has the three key ingredients to provide the cyber bad guy with everything they need internet access, power and processing.

When you feel that the battery of your computer or device going low rapidly and speed decreased so your device is being used for mining.

Manufacturers are responsible for ensuring their devices are secure, this is not always the case. Fortunately there are steps you can take to protect yourself and your home.

The power is in the hands of the consumer. As soon as the consumer starts to purchase products best not only on their power efficiency but their security rating as well, then we will see a shift to a more secure home.

The entry point for most cyber bad guys are generally your desktop, laptop or mobile device, therefore ensure you have suitable security products.

If you control the available entry points, you will go a long way to protecting your home.

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