Mobile app for hackers released

New Chinese mobile app gives everyone a chance to become a hacker
01 September 2017   919

Ransomware has been one of the most popular topics in all news all over the world with infamous Wanna-cry and LeackerLocker.  Now you can try what it is like to be a cybercriminal, using a new user-friendly Android App that allows anyone to develop ransomware of your own design in a few minutes.

Trojan development kit is available for downloading at Chinese hacker forum on the Darknet. The whole process of making this malware application doesn’t require any programming or coding skills. All you need for this is a smartphone running on Android OS. After downloading an app, you have to fill out the forms with dozens available customization options. Once you are set, click the «create» button, then the app let you start a chat with the developer of your ransomeware, where you discuss payment in preferable cryptocurrency as it is the safest method of transaction because it is almost impossible to identify the sender.

The created malware uses the can block your phone, change your pin and delete your data. The message on lockscreen displays what has happened to your phone a, what you should do and how much money you should pay to find out the password to unlock the phone.
For now ransoware builder kit supports only Chinese language, so the experts are starting to worry that a new wave of cybercrime may spread across the world with the new Multilanguage version of this app.

But who are those developers? Emily Wilson, director of analysis at Terbium Labs, on a webcast at Techrepublic.com with Dan Patterson, points out that the majority of these malware developers are mostly «bored young teenagers» or «people who don’t want to do their homework» .

How can you protect your smartphone from malware apps? First of all pay attention to the source of an app and avoid downloading from non-official app stores. Don’t forget to install antivirus and be careful with email attachments of any kind. And please surf the web safely.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   143

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.