Saturday, September 12, 2026

Cryptocurrency-mining Malware Sold in Underground Markets Targeting IoT Devices

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.

Hot this week

How To Access Dark Web Anonymously and know its Secretive and Mysterious Activities

What is Deep Web The deep web, invisible web, or...

How to Build and Run a Security Operations Center (SOC Guide) – 2023

Today’s Cyber security operations center (CSOC) should have everything...

Russian Hackers Bypass EDR to Deliver a Weaponized TeamViewer Component

TeamViewer's popularity and remote access capabilities make it an...

Web Server Penetration Testing Checklist – 2026

Web server pentesting is performed under three significant categories: identity,...

ATM Penetration Testing – Advanced Testing Methods to Find The Vulnerabilities

ATM Penetration testing, Hackers have found different approaches to...

Threat Actors Use Claude AI Agents to Automate Cyberattacks and Steal Sensitive Data

Threat actors are increasingly using Claude-based AI workflows to...

China-Linked Hackers Chain Chrome Zero-Day With Windows Kernel Flaw in Attacks

China-linked threat actors UTA0560 and JungleBamboo chained a Google...

New Phishing Campaign Abuses Windows Mshta.exe to Steal Credentials and Secrets

A newly identified phishing campaign is abusing the legitimate...

CISA Warns of Critical GitLab Vulnerability Exploited in Attacks

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has...

Researchers Uncover 10,000+ Malware Loaders Behind YouTube and SEO Poisoning Campaign

A long-running pay-per-install (PPI) operation that used YouTube gaming...

VLC Media Player Flaws Let Attackers Corrupt Memory and Leak Sensitive Data

Two security vulnerabilities in VLC media player versions 3.0.0...

CISA Adds Exploited MikroTik RouterOS Flaws to Security Alert

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has...

Related Articles

Recent News