August 12, 2026

Capitalizations Index – B ∞/21M

Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research

Cryptojacking falls in second quarter, coinciding with crypto bear market: research

Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research


Cryptocointrader malware spies on pc users
Advertisement

This year’s second quarter witnessed a lull in cybercrime, but cybercriminals continue to experiment with ransomware, according to Malwarebytes Labs in its second quarter report.

Malware activity posted a decrease in both business and consumer categories in the second quarter, the report noted. But while the volume of activity was lower, the quality of the attacks was anything but.

Malwarebytes Labs based its conclusions on data from April through June along with telemetry from its business and consumer products that are used in millions of machines.

Malware Sophistication Rises

Ransomware and cryptomining demonstrated a greater level of sophistication in the second quarter.

Cryptomining, for its part, took the lead in consumer detections for the quarter, followed by adware. Adware, for its part, rose by 19% in the quarter.

Spyware activity dropped from the lead business detection to number five, shedding 40% in its activity, while banking Trojans held on to the number two spot, even though detections in this segment fell in half.

Backdoor Detections Increase

Backdoor detections, however, jumped in both the consumer and business sectors, as consumer detections rose by 442%.

A spike in backdoor malware detections is believed to be due to a campaign Malwarebytes Labs refers to as Backdoor.Vools. The malware is usually noticed installing cryptocurrency miners after communicating with a command and control server.

The WannaCry and NotPetya outbreaks in 2017 have yet to be matched in impact and distribution volume, the report said, but attacks from VPNFilter, SamSam and others indicate higher level attacks could be in store for the balance of the year.

VPNFilter malware, which drops multi-stage actions on consumers and small offices by the hundreds of thousands, posted an increase, generating half a million detections in the quarter.

VPNFilter is able to remain undetected by modern security tools. In addition to gaining passwords and usernames, it can add artificial data to deceive users while stealing information. The malware can also conduct DDoS attacks or install other software.

SamSam, for its part, destroyed files for the city of Atlanta and attacked Hancock Health, and it remains evasive on account of the targeted manner that attackers use to deliver it. SamSam is believed to have taken in more than $1 million. The group behind it is believed to study potential targets to learn the value of their information. They then price the recovery in a way that makes recovery a more economical option for the victim.

GrandCrab was cited as the leading ransomware variant, waged via email. The variant has moved to the Magnitude exploit kit for distribution. Magnitude has started to deploy a fileless technique for loading the ransomware payload, which makes it harder to detect.

Client side and server side cryptomining continue due to content management system vulnerabilities the report noted. It is not easy to upgrade a CMS on account of plugins, themes and other functions that can stop working when the core is updated.

Criminals Target Personal Data

Cybercriminals are also focusing more on personally identifiable information (PII) the report noted.

Malwarebytes Labs first noticed scammers stealing PII in bitcoin scams. bitcoin, the report noted, is largely unregulated, has limited fraud protection, and the exchanges have poor support.

Because user awareness of scams has increased, scammers are trying to steal email accounts, passwords and bank account information.

The European Union’s new General Data Protection Regulation laws are also believed to be raising interest in PII theft since such data is popular on the black market.

Malwarebytes Labs offers a more extensive report on cybercrime tactics and techniques for the second quarter on its website.

Featured image from Shutterstock.

Follow us on Telegram or subscribe to our newsletter here.
Join CCN’s crypto community for $9.99 per month, click here.
Want exclusive analysis and crypto insights from Hacked.com? Click here.
Open Positions at CCN: Full Time and Part Time Journalists Wanted.

Advertisement


Published at Thu, 19 Jul 2018 07:44:08 +0000

bitcoin Crime

Previous Article

CRYPTO INFO – Is The New REECOIN The Real Deal ?!?!?! Or is it a Pump & Dump??

Next Article

Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research

You might be interested in …

OpenLedger Apptrade Platform Backs APPX Tokens Currently on Crowdsale with 20% Future Revenues

The digital world has moved towards the “App Economy” where mobile applications are gradually replacing websites and other software when it comes to tools, utilities, information, and entertainment. Apptrade, the OpenLedger powered platform has understood the potential of apps to change the future of the internet and the growing needs of app developers and investors to create the “Kickstarter for Apps on the Blockchain”.


Earlier last month, the platform announced the Initial Token Offering of its APPX digital tokens. The crowdsale that started on February 28, 2017, will go on till the end of April 2017. As the ITO continues to garner a great response from the community, Apptrade invites app developers, publishers, and cryptocurrency investors to take part in the campaign to gain a stake in the promising initiative.

apptrade

Apptrade has set a minimum fundraising goal of US$1 million, with a maximum cap of US$5 million. The platform has set aside a total of 8 million APPX tokens for the ITO participants, with another 250,000 earmarked for marketing purposes.

The number of APPX tokens will remain fixed throughout, and any unsold tokens during the ITO will be distributed equally among all the APPX token holders following the completion of crowdsale. The platform appreciates the community’s support, and as an incentive, it will back the total 8.25 million APPX tokens with 20% of its future revenues.

The Apptrade platform creates a unique opportunity for investors and developers, allowing them to pool their products into portfolios for effective promotion and attractive investment opportunities. The participants of each portfolio will ensure that their applications are maintained up-to-date and cross-promoted with other apps in the portfolio.

Blockchain Banking App Humaniq Reschedules ICO, Offers Solidarity to Chinese Investors

App creators have the flexibility to choose whether they want to be part of an existing portfolio or create a new one and allow others to join. At the same time, the platform ensures the quality of the applications included in the portfolios so that everyone involved profits from the collaborative effort.

In the words of Daniel Pineda, the Founder of Apptrade;

*“With the transparency and security of OpenLedger, Apptrade can fully embrace this new form of collaborative marketing and funding. If one or a few of the brands go viral and become hits, it should put eyes on the rest of the brands in the group. Our mission is to improve access to value for content creators worldwide.”

For investors, Apptrade cuts down a lot of time and effort otherwise required to conduct in-depth due diligence of applications before putting their money on it. The state-of-the-art market analytics and analysis tools keep the sponsors of the portfolio updated about the trends including the economic trajectory and performance.

The platform’s benefit is explained by OpenLedger’s CEO Ronny Boesing, who said,

“Apptrade is the most intelligent way to buy, sell and invest in apps thanks to the tools provided enabling the VC to look at SEO and social data when doing acquisitions. To be able to invest in many apps at once and have all the compliance and tracking done automatically is simply amazing. It is the essence of innovation on the blockchain and will attract brokers worldwide.”

The risk element associated with investments made on Apptrade’s app portfolios is much lesser than conventional investment methods. By investing in a portfolio’s success, the sponsor will gain exclusive access to revenue sharing opportunities while diversifying risks. The app portfolio marketplace is housed in OpenLedger DEX, where all activities are recorded on a public ledger for transparent and immutable bookkeeping and record maintenance. Sponsors owning APPX tokens stand to gain access to the cash flow generated by the portfolio apps on Apptrade.

The combination of Apptrade and OpenLedger is an ideal mix that not only helps app developers and publishers gain access to much-required funds for further development, promotion and other business related activities, but also offers potential lucrative returns on the investment made by the sponsors.

Apptrade ICO is still open for investors who wish to be part of the lucrative ecosystem. They can invest in the platform to receive APPX tokens here.

[Note: This is a sponsored article]


Images courtesy of apptrade,

The post OpenLedger Apptrade Platform Backs APPX Tokens Currently on Crowdsale with 20% Future Revenues appeared first on Bitcoinist.com.

Ethereum chart technical analysis for 12-20-18

Ethereum Chart Technical Analysis for 12-20-18

Ethereum Chart Technical Analysis for 12-20-18 Ethereum Chart Technical Analysis for 12-20-18 Subscribe to My MAIN Channel Here: https://www.youtube.com/claytrader/ Free Guide – The 5 Tools I Use To Find Stocks To Trade: https://claytrader.com/lp/Free-Guide-Trading-Tools/?utm_source=social&utm_medium=youtube&utm_campaign=resource%20guide Learn how […]