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The security service provider and the McAfee research lab, has issued a new warning to cryptographers about a new malware that secretly uses consumer devices to extract Monero (XMR).
Known as "WebCobra", which is said to have originated from Russia, it is nicknamed the last threat in encryption. According to a post published November 12, WebCrobra downloads one of the two mining clients and uses the processor power of an infected device to generate coins for the authors.
WebCobra works almost without a trace, says McAfee Labs, said the only obvious difference to the end user is a reduction in hardware performance.
He added that "the Coin mining malware is difficult to detect, once a machine has been compromised, a malicious app runs silently in the background with only one sign; performance degradation," the report states.
He noted that "since malware increases energy consumption, the car slows down, leaving the owner with a headache and an unwelcome bill."
Cointelegraph had reported the recent increase in malware, stating that attacks have increased by almost 500% in 2018, leading commentators to warn of an epidemic.
Monero, as cryptocurrency focuses on privacy and anonymity, has been reported as forming the preferred goal for miners.
Last month, Google announced that it would remove all extensions containing code obscured by its Chrome Web Store in efforts to combat hidden encryption extraction among other policy violations.
