Cyber Crime

Group-IB: The Shadow Market Is Flooded with Cheap Mining Software

Group-IB is recording new outbreaks of illegal mining (cryptojacking) threats in the networks of commercial and state organizations.

Group-IB, an international company specializing in the prevention of cyberattacks, is recording new outbreaks of illegal mining (cryptojacking) threats in the networks of commercial and state organizations. According to Group-IB’s Threat Intelligence, over a year, the number of shadow-forum ads offering mining software has increased fivefold (H1 2018 vs H1 2017). Group-IB experts say it is a very dangerous tendency to have so many mining Trojans available designed to use other people’s devices and infrastructure for illegitimate generation of cryptocurrency.

Cryptojacking (using computation capacity of a computer or infrastructure for cryptocurrency mining without the knowledge or consent of its owner) is still a comparatively popular method of personal gain, in spite of a clear tendency toward a decrease in the number of incidents of this type of fraud. Growth in the number of such thefts may be caused not only by the growth of mining software offers in Darknet but also by their comparatively low price, which is often less than $0.50.

 

The low entry barrier to the illegal mining market results in a situation where cryptocurrency is being mined by people without technical expertise or experience with fraudulent schemes. When they gain access to simple tools for making money off hidden cryptocurrency mining, they don’t consider it a crime, all the more so as the Russian legislative environment still leaves enough loopholes to avoid prosecution for such thefts. There are still very few arrests and cases of prosecution for cryptojacking.

One cryptocoin after another: what are the dangers of mining?

Any device (computer, smartphone, IoT, server, etc.) may be used for cryptojacking: that’s why it is not enough to install detection systems only at the workstation level. New types of mining software appear regularly that bypass security systems based on signature alone. A symmetric response to this threat is the analysis of various mining manifestations at the network level. With this end in view, it is necessary to use, among other things, behavioral analysis technologies to detect previously unknown programs and tools.

Group-IB experts warn that mining results not just in direct financial losses due to increased expenditures for electricity. It threatens the stability and continuity of business processes by decelerating corporate systems and increasing depreciation of hardware.  Infection of infrastructure with a mining Trojan may result in the failure of corporate apps, networks and systems. Unauthorized external programs working without the knowledge of business owners is fraught with reputational losses, as well as compliance and regulatory risks.

What should we do? 

Integrated countermeasures against cryptojacking require the detection of all forms of malicious codes distributed or working in the network, based on a regularly updated database of threats to systems (Threat Intelligence class). Suspicious activity should always be analyzed in a secure isolated environment to ensure the absolute confidentiality of data about infected computers, infrastructure segments and other resources. It is important not only to protect yourself within your own network, but to detect cryptomining tools running java scripts on hacked resources seeking to infect as many victims as possible. There is one more type of fraud that has been gaining popularity recently: the use of traditional insiders. Companies should be able to protect themselves against their own dishonest employees who attempt to increase their incomes at the expense of their employer’s resources.

About the Author: Group-IB Corporate Communications 

http://www.group-ib.ru

https://www.group-ib.ru/blog/

telegram | facebook | twitter | linkedin

[adrotate banner=”9″] [adrotate banner=”12″]

Pierluigi Paganini

(Security Affairs – cryptojacking, DarkWeb)

[adrotate banner=”5″]

[adrotate banner=”13″]

Pierluigi Paganini

Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer. Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US. Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines. Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.

Recent Posts

Cisco warns of password-spraying attacks targeting Secure Firewall devices

Cisco warns customers of password-spraying attacks that have been targeting Remote Access VPN (RAVPN) services…

2 hours ago

American fast-fashion firm Hot Topic hit by credential stuffing attacks

Hot Topic suffered credential stuffing attacks that exposed customers' personal information and partial payment data.…

6 hours ago

Cisco addressed high-severity flaws in IOS and IOS XE software

Cisco addressed multiple vulnerabilities in IOS and IOS XE software that can be exploited to…

20 hours ago

Google: China dominates government exploitation of zero-day vulnerabilities in 2023

Google's Threat Analysis Group (TAG) and Mandiant reported a surge in the number of actively…

1 day ago

Google addressed 2 Chrome zero-days demonstrated at Pwn2Own 2024

Google addressed two zero-day vulnerabilities in the Chrome web browser that have been demonstrated during…

2 days ago

INC Ransom stole 3TB of data from the National Health Service (NHS) of Scotland

The INC Ransom extortion group hacked the National Health Service (NHS) of Scotland and is threatening…

2 days ago

This website uses cookies.