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- Environmental Code of Practice
- The world’s second-biggest cryptocurrency is getting a major upgrade — here’s what you need to know
- Bitcoin heist suspect reportedly walked out of low-security prison, onto flight
- An Italian bank’s server was hijacked to mine bitcoin
- Crypto Tab
- XMRig: Father Zeus of Cryptocurrency Mining Malware?
- Most Popular
- CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
Environmental Code of Practice
Cryptocurrency is exploding all over the world, and so are attacks involving cryptocoins. From bitcoin to Ethereum and Monero, cybercriminals are stealing coins via phishing, malware and exchange platform compromises, causing tremendous losses to both consumers and businesses in the sector. High-profile data breaches and theft are responsible for the majority of losses to organizations in the cryptocurrency sector, but there is another, more insidious threat that drains cryptocurrency at a slow and steady rate: malicious crypto-mining, also known as cryptojacking.
This type of malware is wielded by operators aiming to make money on the backs of their victims. Aside from the obvious performance degradation victims will experience, mining can cause machines to consume tons of electricity and overheat to the point of damage, causing unexpected data loss that may be hard to recover. In one case in Russia, this overheating resulted in a full-out blaze.
Among the many codes that already plague users and organizations with illicit crypto-mining, it appears that a precursor has emerged: a code base known as XMRig that spawns new offspring without having intended to. The malware world can spawn millions of different strains a year that infect users with codes that are the same or very similar. In the banking Trojan world, the most infamous example is the Zeus v2 source code, which was leaked in and has since been used countless times, either as-is or in variations adapted to different targets or geographies.
Parts of it, particularly the injection mechanism, are featured in many other banking Trojans. A similar code leak scenario and subsequent reuse happened in the mobile space with the leak of the GM Bot code in That source code spurred the rise of many other mobile Trojans, including Bankosy, Mazar and SlemBunk, to name a few.
The mobile malware arena saw a second precursor emerge when another source code, BankBot , was also leaked in early , giving rise to additional foes. The project itself is open source and crowdfunded. Unlike earlier cryptocoins, Monero, which started in , boasts easier mining and untraceable transactions and has seen its value rise over time.
The proof of work algorithm, CryptoNight , favors computer or server CPUs, in contrast to bitcoin miners, which require relatively more expensive GPU hardware for mining coins. These features attract new, legitimate miners, but they are just as attractive to cybercriminals looking to make money without having to invest much of their own resources. They resort to using malware or simply reworking XMRig to mine Monero.
The Monero Project does not endorse any particular tool, software or hardware for miners. While there are at least three other codes available, the popular choice among cybercriminals appears to be the open source XMRig code.
According to existing research on the malicious use of XMRig, black-hat developers have hardly applied any changes to the original code. Changes of this scope could take mere minutes to perform.
Malicious iterations of XMRig remove that snippet and the attackers collect percent of the spoils. In terms of the attack scale of miners based on XMrig, the numbers are surprising. In January , researchers identified unique Windows-based executables used on one XMRig-based campaign alone.
The overall infection operation was padded with its own download zone from a cloud storage platform, used XMRig proxy services to hide the destination mining pool and even connected the campaign with a cloud-hosted cryptocurrency mining marketplace that connects sellers of hashing power with buyers to maximize profits for the attacker.
Cryptojacking can happen on various types of devices, and millions of users have been infected in recent attacks. With malware, the goal is to successfully infect as many endpoints as possible, and X-Force assessment of recent attacks shows that threat actors will attempt to target anything that can lend them free computing power.
Aside from the more common endpoint or server, cryptojacking has also been observed on:. Server vulnerabilities exist because many organizations still run outdated systems and assets that are past their end of life, resulting in easy-to-find exploits that compromise and infect them. Worse yet, our researchers believe that older servers that have not been patched for a while are also unlikely to be patched in the future, leaving them susceptible to repeated exploitation and infection.
These attacks are reaching organizations in the wild, and a recent report from IBM X-Force noted that network attacks featuring cryptocurrency CPU miners have grown sixfold. The industrial sector is known to run outdated operating systems and software, leaving it particularly vulnerable. Many times, the internal and operational networks in critical infrastructure can open them up to the increased risk.
While data loss would be an issue to any organization, it can potentially result in life-threatening situations at an industrial plant. The world of cryptojacking malware is undergoing rapid evolution, and although permutations of XMRig will likely continue to occur, there is also a threat that new codes will appear this year. Mitigating the risk from known threats should be an integral part of your cyber hygiene and security management practices.
While malware hunting is often regarded as a whack-a-mole endeavor, preventing XMRig-based malcode is easier because of its prevalence in the wild. Since XMRig is open source and keeps getting reused in attacks, security teams should look into controls that deliver blanket protection and eliminate different iterations of this code. For those running older servers and operating systems in which risk of infection is higher, security best practices call for minimizing exposure , implementing compensating controls and planning for a prompt upgrade to dampen risks.
Interested in emerging security threats?
The world’s second-biggest cryptocurrency is getting a major upgrade — here’s what you need to know
Cryptocurrency exchanges like Binance, Coinbase and Kraken could be forced to collect the details of people sending and receiving crypto under new rules proposed by the European Commission. The EU's executive branch announced the potential change on Tuesday as part of a package of reforms aimed at tackling financial crime within the bloc. The proposed rules would require cryptocurrency exchanges to collect customers' identifying information, bringing them in line with the "Know Your Customer" KYS rules already imposed on other financial institutions. The new law would also establish a new EU-wide anti-money laundering authority AMLA with oversight of cryptocurrencies by
Bitcoin heist suspect reportedly walked out of low-security prison, onto flight
While you've been watching the price of bitcoin soar to an all-time high, another cryptocurrency has been quietly staging a comeback of its own. Now, ether investors are keeping an eye on a long-delayed upgrade to its underlying network known as Ethereum 2. A key problem with the Ethereum blockchain today is scalability. In , for example, the popularity of an Ethereum-based game called CryptoKitties caused the network to become heavily congested, significantly slowing trade. But proponents of Ethereum 2. Meanwhile, investors believe it could also lead to further adoption of ether as well as price appreciation. To understand the transition taking place on Ethereum, it's important to first know a little about blockchain technology. Blockchain is the digital ledger originally used to record bitcoin transactions and provides the foundation for most major cryptocurrencies.
An Italian bank’s server was hijacked to mine bitcoin
Sponsored by:. If you've landed on this page because you saw a strange message on a completely different website then followed a link to here, drop a note to the site owner and let them know what happened. If, on the other hand, you're on this page because you're interested in reading about the illicit use of cryptomining on compromised websites and how through fortuitous circumstances, I now own coinhive. You know how people don't like ads? Yeah, me either at least not the spammy tracky ones that invade both your privacy and your bandwidth , but I also like free content on the web and therein lies the rub; how do content producers monetise their work if they can't put ads on pages?
Crypto Tab
All Episodes 0. ETH 2. Bitcoin idzie po ATH! Czy to wina airdropu Spark? A ETH 2. Prowadzi jak zwykle Mike Satoshi.
XMRig: Father Zeus of Cryptocurrency Mining Malware?
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Most Popular
Cryptocurrency is exploding all over the world, and so are attacks involving cryptocoins. From bitcoin to Ethereum and Monero, cybercriminals are stealing coins via phishing, malware and exchange platform compromises, causing tremendous losses to both consumers and businesses in the sector. High-profile data breaches and theft are responsible for the majority of losses to organizations in the cryptocurrency sector, but there is another, more insidious threat that drains cryptocurrency at a slow and steady rate: malicious crypto-mining, also known as cryptojacking.
CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans
RELATED VIDEO: Ile można zarobić na kopaniu kryptowalut? Podsumowane pracy koparki po miesiącu [P.C.T.Ś.]It is part of a blockchain-based initiative to help photographers control their image rights. Kodak also detailed plans to install rows of Bitcoin mining rigs at its headquarters in Rochester, New York. Kodak is the latest in a series of companies to see its value jump after revealing plans for blockchain-related activity. Kodak developed a digital camera in , but decided not to commercialise the technology at the time, and its hesitation to leave behind its film heritage is thought by some to have contributed to it filing for bankruptcy protection years later in
The Bitcoin Energy Consumption Index provides the latest estimate of the total energy consumption of the Bitcoin network. Annualized Total Bitcoin Footprints. Single Bitcoin Transaction Footprints. Criticism and potential validation of the estimate is discussed here. The latter has been removed per October 1, Moreover, the energy used is primarily sourced from fossil fuels.
Metaverse technology will be used in public services, businesses, entertainment, and manufacturing in Shanghai's five year plan. The five-year development plan for the electronic information industry of the Shanghai Municipal Commission of Economy and Information Technology listed four frontiers for exploration, one of which is the metaverse. According to a report, white paper recommended promoting the use of the metaverse in industrial manufacturing, production safety, medical facilities, public services, and social leisure. It is expected that the commission will encourage further research and development of underlying technologies, such as sensors, real-time interactions, and blockchains.
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