In the latest news and updates on our DC Forecasts crypto news site, we are covering the topic of cryptojacking – and again, the use of hacks to install programs and use computers in order to mine cryptocurrency. According to a new report, this illegal approach on mining Bitcoin and other cryptocurrencies has been taken to the next level.
Right now, hackers use Adobe Flash upgrades to consistently install cryptocurrency mining malware on computers and networks. With this, they are creating severe losses in time, system performance as well as power consumption for affected users.
Even though the fake Flash updates are relatively easy to spot and avoid, a new campaign aims to educate the users regarding protection – and how to safely download updates on their Windows systems.
One threat intelligence analyst named Brad Duncan has been active in this matter, stating the following:
“As early as August 2018, some samples impersonating Flash updates have borrowed pop-up notifications from the official Adobe installer. These fake Flash updates install unwanted programs like an XMRig cryptocurrency miner, but this malware can also update a victim’s Flash Player to the latest version.”
As you can notice, any potential victim may not spot anything out of the ordinary while an XMRig cryptocurrency miner or other unwanted program is quietly running in the background of their Windows computer.
Duncan also explained that the URLs associated with cryptojacking are still unknown. However, the network traffic during the infection process has been primarily related to fraudulent Flash updates.
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South Korea: Five Arrested In A New Crypto Mining Malware Case Involving 6,000+ PCs
“Because cyber security firms and anti-virus software operators responded quickly to the distribution of mining malware, the group of hackers were not able to generate a significant revenue from their operation. In most cases, anti-virus software detected the malware within three to seven days. If the malware was detected, the hackers sent new malware, but it was detected again by anti-virus software,”Carried into over 6,000 actively used computers, the operation managed to only generate $1,000 in profit in total.
[UPDATED] Crypto Pioneer Charlie Shrem Fights Back The Accusations Of Stealing 5,000 Bitcoins
“Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”Both sides are going to meet in court tomorrow Nov. 8.
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