Cryptocurrency 

Crypto-Jacking on the Rise According to McAfee Report

Crypto-jacking campaigns increased substantially in the first quarter of 2019 according to a McAfee Labs Threats Report published yesterday. The prevalence of ransomware attacks climbed a massive 118% during Q1, while malware attacks increased by 29% in the same period. The report also states that the attacks were indiscriminate, meaning that both Windows and Apple users were targeted. The majority of attacks on Windows users were carried out using PowerShell, which is a scripting language that allows system administrators to rapidly automate tasks and manage operating systems. One of the…

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Blockchain 

Cryptojacking Campaigns Up by 29%, Ransomware Attacks Up 118%

Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user permission — has been on the rise, with a 29% increase in crypto jacking campaigns in Q1 2019. Additionally, the company discovered new malware families for both Microsoft Windows and Apple users. One crypto jacking…

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Blockchain 

Cryptojacking Code Found in Eleven Open Libraries, Thousands Infected

A Cryptojacking code was found in 11 open-source code libraries written in Ruby, which have been downloaded thousands of times. Industry news outlet Decrypt reported on Aug. 21 that cryptojacking code has been added to 11 open-source Ruby libraries distributed on the RubyGems platform. Per the report, the infected libraries were downloaded over three and a half thousand times. Hackers reportedly downloaded the software, infected it with malware, and subsequently re-posted it on RubyGems.  The malicious code was first noticed by a GitHub user, who posted about the issue on…

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Bitcoin 

BlackSquid Malware Infects Servers to Install Monero Cryptojacking Software

Cybersecurity firm Trend Micro announced that it found a malware dubbed BlackSquid that infects web servers employing eight different security exploits and installs mining software. The findings were announced in a blog post published on June 3. Per the report, the malware targets web servers, network drives and removable drives using eight different exploit and brute force attacks. More precisely, the software in question employs “EternalBlue; DoublePulsar; the exploits for CVE-2014-6287, CVE-2017-12615, and CVE-2017-8464; and three ThinkPHP exploits for multiple versions.” While the sample acquired by Trend Micro installs the…

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Bitcoin 

Researchers Say 50,000 Servers Worldwide Infected With Privacy Coin Cryptojacking Malware

As many as 50,000 servers worldwide have allegedly been infected with an advanced cryptojacking malware that mines the privacy-focused open source cryptocurrency turtlecoin (TRTL). The news was revealed in an analysis by international hacker and cybersecurity expert group Guardicore Labs on May 29. As reported, cryptojacking is an industry term for stealth crypto mining attacks which work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. Having first detected the campaign in April and traced its origins and progress, Guardicore…

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Bitcoin 

Consumer-Targeted Cryptojacking Is ‘Essentially Extinct’: Research

Illicit crypto mining — or cryptojacking — against consumers “is essentially extinct,” declares a report released by cybersecurity company MalwareBytes on April 23. Per the report, after in-browser mining service CoinHive shut down in early March — when the team claimed that the project had become economically inviable — cryptojacking against consumers has sharply decreased. At the same time, the number of such attacks targeting businesses increased from the last quarter. Furthermore, MalwareBytes also notes that bitcoin (BTC) holders who use Electrum wallets on a Mac have lost over $2.3…

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Bitcoin 

US Justice Dept. Convicts Two Romanians of Cybercrimes Including Cryptojacking

A federal jury has convicted two Romanian alleged cybercriminals of spreading malware to steal credit card credentials and illicitly mine cryptocurrency, an announcement from the official website of the United States Department of Justice revealed on April 11. The malware allegedly spread by the suspects was reportedly used for cryptojacking and to steal credit card and other data that the suspects would have sold on darknet markets and used to engage in online auction fraud. As the Justice Department press release reports, Bogdan Nicolescu, 36, and Radu Miclaus, 37, were…

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Blockchain 

Major Web Browser Firefox by Mozilla Now Blocks Web-Based Cryptojacking

Major open-source browser Mozilla Firefox has launched new protections against crypto mining malware in its new browser versions, according to a blog post published on April 9. In its latest Firefox Nightly 68 and Beta 67 versions, Mozilla has enabled a new level of protection against crypto mining and fingerprinting hack attacks in a part of the browser’s Content Blocking suite of protections. The new browsing feature has been developed in collaboration with privacy and security software firm Disconnect, and represents a collection of blacklists of malware domains associated with…

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Blockchain 

Japanese Court Acquits Man Accused of Cryptojacking

A Japanese court has acquitted a man who was accused of illicitly mining cryptocurrency by using the computing power of visitors to his website, Japan Today reported on March 27. The Yokohama District Court reportedly ordered to acquit a 31-year-old website designer, who allegedly ran Coinhive on his website to mine digital currency. The program allows the user to take advantage of website visitors’ spare computing power to mine cryptocurrencies — a practice known as cryptojacking. The accused reportedly stated that the program could not be considered a virus. Presiding…

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Bitcoin 

Ukrainian Man Faces up to 6 Years in Jail for Cryptojacking on His Own Websites

Ukraine’s Cyber Police have arrested a man who allegedly placed crypto mining malware scripts on his own websites, local law enforcement reported on March 26. The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region who allegedly placed cryptojacking software on a number of educational websites that he created and administered. The unspecified websites and internet resources had 1.5 million monthly visitors, the police reported. The police also stated that the installed malware on the websites was deploying visitors’ devices’ CPU and…

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