Android security: Cryptocurrency mining-malware hidden in VPNs, games, and streaming apps, dowloaded 100,000 times

Researchers at Kaspersky Lab have uncovered multiple malicious cryptocurrency-mining applications being distributed via the Google Play store, with the miners posing as games, sports streaming apps, and VPNs. Some of these have been downloaded more than 100,000 times. While the applications appear to provide legitimate functions, their real purpose is to secretly use the CPU power of […]

Using biometrics to protect crypto currency

With the boom of crypto currencies and blockchains for asset holdings, currency exchange, retail purchases, and even our digital identity documents, companies will need to require the highest possible authentication and authorization technologies with rock-solid key recovery methods due to recent heists which have rocked the market. Organizations need to protect cyber currency holdings by […]

Criminals Using Web Injects to Steal Cryptocurrency

Criminals have deployed a variety of tactics in recent months to try and profit from the cryptocurrency boom. One of them is the use of Web injects to intercept and modify traffic between user browsers and cryptocurrency sites in order to steal coins from victims and transfer it to accounts held by criminals. Third-party risk […]

Google Bans Cryptocurrency Ads

Finally, Google has downed shutters on cryptocurrencies! From June, all ads for cryptocurrencies and initial coin offerings will disappear from Google, in a move to get rid of what the company calls ‘unregulated or speculative financial products’. Google says that it aims to purge the site of ads for cryptocurrencies, binary options, foreign exchange markets […]

Cybercriminals launder money through mansions, private islands and crypto currency

Cybercriminal proceeds make up an estimated 8-10 percent of total illegal profits laundered globally, amounting to an estimated $80-$200 billion each year, according to a nine-month academic study by Dr. Mike McGuire, Senior Lecturer in Criminology at Surrey University. Many cybercriminals are using virtual currency to make property purchases which convert illegal proceeds into legitimate […]

We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here’s Why.

Read make a case to ban all cryptocurrencies on Forbes : Last week I wrote an article on illicit cryptomining – how hackers are sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other devices. I attempted to raise the alarm, calling this threat the most dangerous of 2018. I didn’t go far enough. Upon deeper […]

Bitcoin Drops Below $10,000 As Traders Suspect Binance Hack

Bitcoin prices fell to less than $10,000 today, plunging through that key, psychological level as markets responded to concerns that digital currency exchange Binance may have been hacked. The world’s largest cryptocurrency by market value declined to as little as $9,468.45, according to the CoinDesk Bitcoin Price Index (BPI). At this price, Bitcoin was trading […]

Cryptocurrency-stealing malware relies on victims copy-pasting wallet info

An unconventional email spam campaign has been delivering unusual cryptocurrency-stealing malware to American and Japanese users. The emails are sporting “Re: passport..” in the subject line and are trying to trick targets into opening an attached file, which supposedly contains a scanned copy of a passport the recipient has possibly left in the senders’ office. […]

Hundreds of Bitcoin-mining servers stolen in Icelandic heist

Criminals have stolen approximately 600 servers from Icelandic data centers used to mine cryptocurrency. Over the weekend, the Associated Press reported the theft, which law enforcement says is one of the biggest series of thefts Iceland has ever experienced. Mining rigs are powerful computers bent to the task of mining cryptocurrency such as Bitcoin. While standard consumer PCs […]

Ad network circumvents blockers to hijack browsers for cryptocurrency mining

Researchers have discovered an advertising network which has figured out a way to bypass ad blocking software in order to serve website visitors with cryptojacking scripts. This week, cybersecurity researchers from Netlab 306 revealed the scheme, which impacted visitors to websites which used the firm’s advertising network. Since 2017, the unnamed company has been able to […]