Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal. "Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquir...

Ransomware Hackers and Scammers Utilizing Cloud Mining to Launder Cryptocurrency

Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal. "Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquir...

Breaking down a two-year run of Vivin’s cryptominers

News Summary There is another large-scale cryptomining attack from an actor we are tracking as "Vivin" that has been active since at least November 2017. "Vivin" has consistently evolved over the past few years, despite having poor operational security and exposing key details of their campaign. ...

This Alleged Bitcoin Scam Looked a Lot Like a Pyramid Scheme

Five men face federal charges of bilking investors of $722 million by inviting them to buy shares in bitcoin mining pools...

How the Rise of Cryptocurrencies Is Shaping the Cyber Crime Landscape: The Growth of Miners

Introduction Cyber criminals tend to favor cryptocurrencies because they provide a certain level of anonymity and can be easily monetized. This interest has increased in recent years, stemming far beyond the desire to simply use cryptocurrencies as a method of payment for illicit tools and...

How to Mitigate the Threat Cryptocurrency Mining Poses to Enterprise Security

The growing popularity of Bitcoin and other cryptocurrencies is generating curiosity—and concern—among security specialists. Crypto mining software has been found on user machines, often installed by botnets. Organizations need to understand the risks posed by this software and what actions, if...

Satoshi Bomb

Let us discuss what defines the profitability of bitcoin mining, what principles for mining speed adaptation were initially embedded into it, and why these principles can lead to the failure of the cryptocurrency in the long run. We assume that the reader has an idea of basic Bitcoin mechanics su...

Hacker Hijacks ISP Networks to steal $83,000 from Bitcoin Mining pools

Till now, he have heard about “Bitcoin digital wallet hacked” or “Bitcoin website hacked”, but now a hacker has stolen cryptocurrency from mining pools and generated $83,000 in digital cash in more than four months by gaining access to a Canadian Internet provider. Bitcoin is a virtual currency...