• Thu, Nov 15, 2018 08:51 PM
  • All times are UTC
  • Edition :
    International
Link copied

Cryptocurrency mining malware grew by 86% in Q2 2018: McAfee Labs

Sep 25, 2018 06:27 am UTC

In a new report, leading cybersecurity company McAfee has found that the surge in cryptomining malware growth that began in Q4 2017 continued through the first half of 2018.

McAfee has released its “McAfee Labs Threats Report: September 2018” in which it has examined the growth and trends of new cyber threats in Q2 2018.

According to the report, cryptomining malware has quickly emerged as a factor on the threat landscape – new cryptomining malware samples grew a stunning 629% to more than 2.9 million samples in Q1 2018 compared to around 400k in Q4 2017. This trend continued in Q2 2018 as total samples grew by 86% with more than 2.5 million new samples. McAfee Labs said that older malware, such as ransomware, are being newly retooled with mining capabilities.

The report also pointed out that cryptomining is targeting specific groups in some cases rather than a broad field of potential victims. To that end, it cited the example of a cryptomining malware strain that targeted gamers on a Russian forum by posing as a “mod” claiming to enhance popular games. Gamers were tricked into downloading the malicious software, which then used their computer resources for profit.

While cryptomining malware primarily targets PCs, other devices have become victims, it added. For instance, Android phones in China and Korea have been exploited by the ADB.Miner malware into producing Monero cryptocurrency for its perpetrators.

“A few years ago, we wouldn’t think of internet routers, video-recording devices, and other Internet of Things devices as platforms for cryptomining because their CPU speeds were too insufficient to support such productivity,” said Christiaan Beek, Lead Scientist and Senior Principal Engineer with McAfee Advanced Threat Research.

“Today, the tremendous volume of such devices online and their propensity for weak passwords present a very attractive platform for this activity. If I were a cybercriminal who owns a botnet of 100,000 such IoT devices, it would cost me next to nothing financially to produce enough cryptocurrency to create a new, profitable revenue stream.”


In addition, McAfee Advanced Threat Research identified top security threats to users and implementers of blockchain technologies. They found that phishing, malware, and implementation vulnerabilities are the primary attack vectors.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $5,575.03(-1.1%)
  • XRP (XRP) $0.4668(+3.5%)
  • Ethereum (ETH) $179.187(+0.9%)
  • Bitcoin Cash (BCH) $414.792(-3.7%)
  • Stellar (XLM) $0.2306(+3.3%)
  • Bitcoin (BTC) $5,575.03(-1.1%)
Nov 15, 2018 (Thursday)
11:25
75 pct Irish people unwilling to consider career in blockchain technology: Study
10:23
American restaurant chain Sweetgreen plans blockchain push following $200M funding
10:11
Decentralized exchange EOSDAQ lists KEOS tokens
08:45
Smithfield Foods joins Subway, Tyson Foods and others in Food Industry Blockchain Consortium
06:36
Telecom giant Telefónica seeks to streamline core business processes using IBM Blockchain
06:03
Gibraltar Stock Exchange forms joint venture with fintech firms to develop blockchain technologies
04:44
Singaporean crypto startup KuCoin secures $20M in Series A round from IDG Capital, Matrix Partners, and Neo Global Capital
04:12
H&M subsidiary Arket trials blockchain for product traceability
03:28
Kakao’s blockchain platform Klaytn teams up with stablecoin project Terra
Nov 14, 2018 (Wednesday)
11:42
MAS, Bank of Canada begin work to link respective blockchain platforms
10:11
SIX Swiss exchange expects blockchain-based platform to replace existing system in 10 years
07:02
Circle Invest launches crypto reward program for new users
06:10
Thailand’s Democrat Party taps Zcoin’s blockchain for e-voting system in primary election
05:14
Chinese city of Loudi rolls out blockchain platform for real estate data
04:05
Crypto exchange OKEx adds support for Vietnamese Dong to C2C trading market
03:38
Shell and BP-backed VAKT to launch blockchain platform to digitize commodities trading industry by end of 2018
Nov 13, 2018 (Tuesday)
14:12
HSBC joins blockchain startup Axoni's Series B funding round
11:14
CSIRO’s Data61, CBA successfully complete trial of blockchain-powered smart money
09:51
Nine leading shipping companies team up for new blockchain consortium
07:21
Transoil International, Solaris Commodities conduct blockchain pilot for Black Sea wheat
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
EconoTimes