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Tag: Cryptojacking

One Million PCs “Cryptojacked” in China as Hackers Make $2 Million Worth of Digibyte, Siacoin, and Decred

Category: Altcoins, Crime, News

One Million PCs “Cryptojacked” in China as Hackers Make $2 Million Worth of Digibyte, Siacoin, and Decred

The largest cryptojacking breach, in terms of sheer scale, came to light in China after local authorities identified a group of hackers who ran an illicit mining operation for over two years. Largest Cryptojacking Breach On July 9, 2018, local news Legal Daily reported a massive cryptojacking spree of a group in China’s Dalian city after suspicious activities pointed to…

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Discord and Slack Cryptocurrency Users Hit by Malicious “Cryptojacking” Software

Category: Altcoins, Bitcoin, Blockchain, Crime, Mining, News

Discord and Slack Cryptocurrency Users Hit by Malicious “Cryptojacking” Software

Hackers have allegedly targeted cryptocurrency-focused groups on workplace-emulator Slack and gaming-forum Discord for discussing cryptocurrencies to infiltrate computers with “cryptojacking” software. Discord and Slack Users Affected Identified as OSX.Dummy, the MacOS-based malware is not as sophisticated as other masterfully-written hacking code, yet allows “arbitrary code execution on machines that it can get embedded into.” As stated, researchers from cybersecurity consortium…

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McAfee Report: Cryptojacking Up By 629 Percent in 2018

Category: Altcoins, Bitcoin, Blockchain, Business, Crime, News

McAfee Report: Cryptojacking Up By 629 Percent in 2018

Cryptojacking, the secret use of a computing device to mine cryptocurrency, has surged 629 percent in 2018, according to the latest report by computer security firm McAfee. A rise from 400,000 in Q4 2017 On average, five new threat samples were found every second in 2018 Q1, totaling 2.9 million. This represents a massive 629 percent growth in cryptojacking and…

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Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

Category: Altcoins, Crime, Mining, News, Regulation

Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

While the entire crypto ecosystem is still trying to find lasting solutions to crypto-related financial crimes such as money laundering, crypto theft, hacks and heists, bad actors keep formulating new ways to benefit from the digital currency revolution at the expense of others. Now, Japan’s security forces have arraigned sixteen people for similar cryptojacking on June 15, 2018. Mining Crypto…

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Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

Category: News

Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

A significant malware trend in 2018 is the relatively new “crypto-jacking,” involving hacker groups infiltrating victim computers to mine cryptocurrencies. The most affected of the lot is privacy-protocol Monero, as research found out. Monero – The Hacker’s Favourite Coin According to a Security Boulevard report on June 13, 2018, over 5 percent of all Monero (XMR) has been mined using…

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New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

Category: Altcoins, Bitcoin, Blockchain, Crime, Finance, News, Regulation

New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

While fraud seems present in every financial domain, the cryptocurrency sector attracts a lot of criminals in particular due to a lack of strict security practices and negligible regulation. The funds stolen are no child’s play either, as recent research suggests a staggering value. Cryptocurrency Crimes Surging According to estimates provided by the Anti-Phishing Working Group (APWG), cyber-criminals have infiltrated…

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“Worse Than Ransomware”: How Illegal Crypto Miners Made Over $100 Million

Category: Altcoins, Commentary, Mining, News, Tech

“Worse Than Ransomware”: How Illegal Crypto Miners Made Over $100 Million

Driven by a sustained rise in adoption and stability of cryptocurrencies like bitcoin, monero, and ethereum, criminal gangs, and hackers around the world are increasingly flocking to illegal cryptocurrency mining as their new growth market. The trend was revealed by Helge Husemann, Malwarebytes EMEA Product Manager while speaking at the ITWeb Security Summit 2018 on May 22, 2018. Helge Husemann….

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User Discovers Hidden Bytecoin Mining Code in Ubuntu App

Category: Altcoins, Crime, Mining, News, Tech

User Discovers Hidden Bytecoin Mining Code in Ubuntu App

A Github user by the title of “tarwirdur” reported an app (now removed), hosted on the Ubuntu Snap Store that contained hidden cryptocurrency code for mining Bytecoin tokens. The app on which the malicious code was found was the 2048buntu app which is a replica of the 2024 game also hosted on the Ubuntu Snap Store. Fortunately, the Ubuntu team…

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Largest India Conglomerate Victim of Monero Cryptojacking

Category: Altcoins, Bitcoin, Business, Crime, Mining, News

Largest India Conglomerate Victim of Monero Cryptojacking

Aditya Birla Group, one of India’s top business conglomerates is the first victim of a “cryptojacking” attack that occurred In April 2018. The attack was first detected in some of the conglomerates overseas subsidiary’s, but it quickly spread to manufacturing and other companies closer to home within days. First in India, but Illicit Mining Is a Long-Standing Problem Over 2,000…

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Cryptojacking Strikes Again! Hackers Target Government Websites to Mine Monero

Category: Altcoins, Commentary, News, Tech

Cryptojacking Strikes Again! Hackers Target Government Websites to Mine Monero

Cryptojacking, the novel hacking process which inflicts a victim’s computer with code to mine cryptocurrency, is evidently on the rise as hackers have targeted hundreds of popular websites with fraudulent software to mine the fungible digital coin monero (XMR). “Cryptojacking” A Sophisticated Crime In 2018 alone, thousands of users have fallen victim to malicious cryptojacking code. Surprisingly, it is not…

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