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Cryptocurrency mining attacks still major security risk, despite closure of Coinhive
#1
Quote:Cryptojacking attacks can be executed in more ways than JavaScript files in browsers, and cryptocurrency mining is moving to cloud services, according to AT&T Cybersecurity.

Times are relatively tough for hackers seeking to profit from cryptocurrency mining attacks, as the JavaScript-based mining platform Coinhive closed on March 8, citing a drop in the hash rate of the Monero cryptocurrency mined on the service, as well as the steep decline in Monero's valuation--presently trading around $50, down from an all-time high of $470 in January 2018.
 
Despite these setbacks, hackers are adapting to more creative ways of launching mining attacks, according to a new report from AT&T Cybersecurity (formerly AlienVault), which found that hackers are targeting cloud computing services, container platforms, and control panel packages of web hosting solutions.
 
In February 2018, hackers compromised the Kubernetes infrastructure on Amazon Web Services (AWS) of electric car manufacturer Tesla, mining for Monero. The report notes that "In the event of such unrestricted access, cryptocurrency mining is one of the least malicious outcomes to victim organization. For example, customer data and business operations could be at risk for theft or malicious modification."
Source

Image courtesy of  : techrepublic.com
[-] The following 1 user Likes Toligo's post:
  • harlan4096
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#2
The problem of this type of threats is that they use and exploit the CPU and hardware components of the infected computers, so they can earn money. Hardware components like the CPU are obviously the central parts of computers and if abused in this way they could lead a system to be very slow and inefficient.
[-] The following 1 user Likes JM Safe's post:
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