Sunday, February 9, 2025
HomeCryptocurrency hackCryptocurrency-mining Malware Sold in Underground Markets Targeting IoT Devices

Cryptocurrency-mining Malware Sold in Underground Markets Targeting IoT Devices

Published on

SIEM as a Service

Follow Us on Google News

Starting from 2018 cyber threat landscape shifted from Ransomware to Cryptocurrency mining attacks, attackers targeted a number of internet portals and different kinds of servers. Hackers taking each and every probability for mining cryptocurrencies, even they inserted Cryptocurrency mining malware with the embedded videos in word documents.

The Cryptocurrency mining attacks not limited to computer’s, almost every device that connected to the Internet may be a part of it. Cryptomalware based on two methods stealing cryptocurrency and mining cryptocurrency.

Cryptocurrency-mining malware consumes the system resources and utilizes them for mining cryptocurrencies without user permissions. The Cryptocurrency-stealing malware targets wallet address on local storages on various devices and replaces its own address.

Trend Micro researchers published a research report on how cryptocurrency-mining malware is being offered in the underground hacking forums and how the advertised features compare against one another.

Researchers spotted latest offerings of a Monero (XMR) cryptocurrency-mining malware called DarkPope in underground markets offered for $49 with 24/7 support.
Not only the cryptocurrency-mining malware they also offer cryptocurrency-stealing malware ” researchers spotted a piece of cryptocurrency-stealing malware called Pony that offered for $20.”

“We believe this is a huge trend, one that is unlikely to go away anytime soon. We have seen miners moving from bitcoin to Ethereum and now embracing Monero and Zcash. Some criminals have also started conversations about MoneroV, which hasn’t even been released yet.” reads Trend Micro report.

Also read Hackers Illegally Purchasing Abused Code-signing & SSL Certificates From Underground Market

When compared to computers or laptop the smartphones and IoT devices having very less computing power, but attackers creating cryptocurrency-mining malware targeting to infect these devices

The cryptocurrency-mining malware like Hiddenminer uses the all the computational power in mobile devices for mining and could cause the device to overheat and potentially fail.

“It will appear that cryptocurrency malware is gaining traction as a subject in forums within the cybercriminal underground. but still, it is not as profitable as other criminals may think — at least not yet.”

To mitigate from falling to cryptojacking attacks regularly update your device firmware, Don’t use default credentials, stay vigil against known attack vectors.

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

UK Pressures Apple to Create Global Backdoor To Spy on Encrypted iCloud Access

United Kingdom has reportedly ordered Apple to create a backdoor allowing access to all...

Autonomous LLMs Reshaping Pen Testing: Real-World AD Breaches and the Future of Cybersecurity

Large Language Models (LLMs) are transforming penetration testing (pen testing), leveraging their advanced reasoning...

Securing GAI-Driven Semantic Communications: A Novel Defense Against Backdoor Attacks

Semantic communication systems, powered by Generative AI (GAI), are transforming the way information is...

Cybercriminals Target IIS Servers to Spread BadIIS Malware

A recent wave of cyberattacks has revealed the exploitation of Microsoft Internet Information Services...

Supply Chain Attack Prevention

Free Webinar - Supply Chain Attack Prevention

Recent attacks like Polyfill[.]io show how compromised third-party components become backdoors for hackers. PCI DSS 4.0’s Requirement 6.4.3 mandates stricter browser script controls, while Requirement 12.8 focuses on securing third-party providers.

Join Vivekanand Gopalan (VP of Products – Indusface) and Phani Deepak Akella (VP of Marketing – Indusface) as they break down these compliance requirements and share strategies to protect your applications from supply chain attacks.

Discussion points

Meeting PCI DSS 4.0 mandates.
Blocking malicious components and unauthorized JavaScript execution.
PIdentifying attack surfaces from third-party dependencies.
Preventing man-in-the-browser attacks with proactive monitoring.

More like this

Malicious Solana Packages Attacking Devs Abusing Slack And ImgBB For Data Theft

Malicious packages "solanacore," "solana login," and "walletcore-gen" on npmjs target Solana developers with Windows...

PHP Servers Vulnerability Exploited To Inject PacketCrypt Cryptocurrency Miner

Researchers observed a URL attempts to exploit a server-side vulnerability by executing multiple commands...

The Defender vs. The Attacker Game

The researcher proposes a game-theoretic approach to analyze the interaction between the model defender...