United Kingdom government services were infected with a miner

This attack is the biggest to date
12 February 2018   1002

Last weekend it was reported that several thousand websites around the world including UK’s National Health Service, the Student Load Company and Information Commissioner’s Office and US government court system got infected with a malware Coinhive that used the computing power of the website visitors and mined cryptocurrency. It is also reported that the malware was injected sometime between 03:00 and 11:45 UTC

The cryptocurrency that was being mined turned out to be open source cryptocurrency Monero. The source of the indection was traced back a special plugin BrowseAloud. It aids blind and partially-sighted people in web browsing. This attack is the biggest one to date, according to Scott Helme, an IT consultant at National Cyber Security Centre. Mr. Helme suggested webmasters to try a special technique that catches and blocks attacker from implementing a malicious code.

Such atttack was made possible because nowadays any website loads in resources designed by third party companies. Thus, should any of these resources get compromised, all websites that rely on the resource will end up infected as well. Hackers simply have to break one provider to infect countless other webpages.

A single company being hacked has meant thousands of sites impacted across the UK, Ireland and the United States

 

Scott Helme

IT security consultant

Samsung Reports Q1 Profit Record due to Mining Chips

Samsung Electronics has reported 58% year-on-year growth in its operating profits for Q1 due to strong demand for chips used for cryptocurrency mining
26 April 2018   126

Samsung Electronics has reported 58% year-on-year growth in its operating profits for Q1 2018 - an increase driven in part by strong demand for cryptocurrency mining chips.

Robert M. Yi, executive vice president of investor relations of Samsung, said on Thursday that the profitability increase seen in the firm's semiconductor business played a significant role in setting a new quarterly operating profit record of 15.6 trillion Korean won ($14 billion).

In the semiconductor business, the earning increases significantly year over year thanks to favorable market conditions driven by strong demands in server and graphic card memories as well as earning improvement in both the System LSI and Foundry businesses led by an increasing demand of chips used in flagship smartphones and cryptocurrency mining.

 

Robert M. Yi

Executive vice president of investor relations, Samsung

Samsung confirmed at the beginning of the year it is producing 8nm and 11nm processors to meet growing market demand from the cryptocurrency mining industry.

The company forecast that the demand for mining processors will continue to expand in Q2, while the earnings of its LSI and Foundry businesses may decrease due to slowing demand for smartphone components.