Crypto-mining malware has infected 23% of global organizations

An increasing threat gets challenging as the malware is put hidden in websites
19 February 2018   216

Check Point alarms the world of a steadily growing threat of crypto-mining malware. A leading provider of cyber security globally has compiled a list of top 10 prevalent threats. The first is Coinhive that during January 2018 has affected approximately 23 percent of organizations worldwide. Using Javascript the malware is implanted into website and with each user browsing the dangerous code drains users’ CPU and GPU resources to mine Monero cryptocurrency with their approval.

Over the past three months crypto-mining malware has steadily become an increasing threat to organizations, as criminals have found it to be a lucrative revenue stream


Maya Horowitz

Threat Intelligence Group Manager, Check Point

Ranked second is a malware Fireball. it is reported that as much as 21% of those organizations infected by the malware are yet to deal with the issue. The most serious point about Fireball is that the malware has a real potential to be transformed into a fully-fledged malware downloader capable of executing any code on the victim’s machine. The third rank was given to Rig Exploit Kit with 17% affected organizations globally.

As the popularity of the virtual currencies grows, so does the distribution was and methods of the associated malware. Usually, the exploit is injected in popular media websites, as reported by Cyberscoop of media outlet Salon using its own ad-blocker as a hidden tool for mining Monero. On top of that, last week Kaspersky Lab. reported of a zero-day vulnerability of Telegram desktop client. The vulnerability makes users to download a hidden malware, that potentially can be a mining code. This threat is reported to be active since March, 2017.

Another notable instance of an infection was reported by UK about a plugin for blind people Browsealoud.

Largest mining farm to be built in the UK

The well-known UK tech company Bladetec is building the first large Bitcoin mining farm in Europe
20 March 2018   173

Bladetec had already got an experience in IT support for NATO and the Ministry of Defence of the UK in the past. Today its idea is funded by investors in a limited company which is protected by UK law.

The facility - Third Bladetec Bitcoin Mining Company (TBBMC), situated on the Southeast of the country, is going to cover 3,500 square feet in three different places: in London, Suffolk and Surrey.

Today the company is raising £10 million from investors for building and operating the farm for up 2 years. The farm will become global and significant, also it is supposed to be introduced in the world`s top 25 and produce considerable return for shareholders (as a result of its dominant position).

The minimum investment to TBBMC project set by the company is £ 5,000 from each applicant. The project allows the capital growth up to even 45 % within a period of 2-3 years. The returns for the shareholders at that stage would be based on the Bitcoins sales`proceeds and the ASIC machines. If the price of Bitcoin does drop by 40 %, an investor may lose 22 % of his capital.

The company declared that it is going to mine 1,280 bitcoins within a period of two years. Nowadays it's difficult to predict how much those Bitcoins may be worth in two years. According to current prices, they will be valued at £ 7,8 million. But the situation may probably change before 2021. As for the raised funds, they would mostly be spent on the energy costs, despite the low energy bills' agreement between Bladetec company and the intended wind farm.

Bitcoin mining is more popular in the countries where the weather is cold (such as Iceland and China). The government of Iceland can implement a tax on mining because of the energy consumption. Chinese authorities insists on the ending of the cryptocurrency trading and mining in the country.