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   933

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.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   400

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva