Crypto Mining Malware has become a new way to deceive innocent users

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03 December 2018 16:51 // News

Cryptocurrency mining platforms, particularly those focused on Bitcoin and Monero, have become the preferred victims of malware programs.

Ransomware has always been the primary means of obtaining easy money access for cybercriminals. However, the trend has moved since the new powerful financial technology has begun to evolve. Cryptocurrency mining platforms, particularly those focused on Bitcoin and Monero, have become the preferred victims of malware programs.

Search for Kaspersky

Kaspersky Lab, a computer security company based in Russia, recently published a
relationship, revealing detailed information on information security issues that have been of great concern this year. Scammers started moving away from traditional ransomware and tried instead to apply malware to crypt mining platforms. Furthermore, they have also started using botnets for their obscure purposes. Kaspersky's report explains that the main facilitator of this process is competition in the Distributed Denial of Service (DDoS) market. It drops profits, so in most cases users do not even notice active malware on their encryption machines.

"The mining sector differs favorably for cyber criminals because, if done correctly, it may be impossible for the owner of an infected machine to detect, and therefore the chances of encountering cyber-pollution are much lower and the re-profiling of the existing server capacity hides completely his owner from the eyes of the law, "says the report.

Cyber ​​criminals may prefer this type of fraud because of its relatively low cost. In addition, ready-to-use programs and miners are very popular as they allow you to create a completely new version of the malware. There are also some cases of cryptographic malware that are installed on users' systems or masked as other elements, for example,
Updates to the Adobe product.

How to avoid malware

According to Kaspersky, the digital currency most used by cyber criminals is Monero (XMR). The main reason is probably its anonymous algorithm. Furthermore, XMR is easy to sell, as it is accepted in most of the most popular cryptographic exchanges. So, try to keep yourself from buying anonymous virtual coins, like Monero.

Do not use pirated software, as malware focusing on cryptographic extraction is generally distributed through these applications. The report shows that the number of attacks corresponds to the distribution of malicious programs. Thus, if unlicensed software is easily distributed without restrictions, there is a greater chance that miners will be infected by malware. Adware installers distributed using social engineering techniques have been reported as another popular method of cryptography.

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