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Hackers Still Favor Cryptojacking Malware Despite Bearish Cryptocurrency Market Conditions

Hackers still favor cryptojacking malware despite bearish cryptocurrency market conditions

Hackers Still Favor Cryptojacking Malware Despite Bearish Cryptocurrency Market Conditions

Hackers still favor cryptojacking malware despite bearish cryptocurrency market conditions

Cryptocurrency mining malware topped the 2018 threat index list. This is according to a report released by Checkpoint. It lists crypto mining malware as the most common and highlights Coinhive as the leading cryptojacking device.

Coinhive is a legitimate Javascript miner that allows website owners to monetize their platforms by harnessing the processing power of devices used by visitors. It has in this instance been classified as malware mainly because of its installation on thousands of websites via exploits and without visitors’ or owners’ consent.

The Javascript software can be set to use a certain percentage of a device’s computing power via the browser. Users on a webpage with the embedded script usually experience a reduction in performance latency. Hardware overheating issues and a lowering of battery life are a few indicators that a machine has been infected. Coinhive is programmed to mine Monero as long as a visitor is on the website.

An analysis via the Publicwww code search engine estimates that over 16,000 websites currently have the Coinhive miner installed.

Early last year when the crypto market was experiencing an unprecedented boom, search statistics indicated that over 50,000 websites were using the Coinhive miner. These figures have gone down in lockstep with the bearish crypto market.

According to the Checkpoint report, the script has affected over 10 percent of all organizations worldwide and has been the top malware for 13 consecutive months now. XMRig, an open source CPU cryptocurrency mining software, took second place in the top ten malware list.

Jsecoin, a browser-based Javascript miner that enables users to mine crypto while enjoying an ad-free experience, came in third. Cryptoloot was in the fourth position. It has striking similarities to Coinhive and allows website owners to use visitors’ computing power to mine Monero. XMRig had an eight percent global reach, according to the report, while JSEcoin had seven percent.

Hackers Also Using CMS Based Exploits

Last year, security researcher Troy Mursch uncovered a cryptojacking campaign that relied on vulnerable versions of the Drupal content management system (CMS) to spread crypto mining malware.

A few major sites got infected, including Lenovo and the San Diego Zoo. Over 400 websites got hacked and had a miner injected. Within the past year, major sites such as The Los Angeles Times, Blackberry, and Showtime have fallen victim to such schemes.

Larger targets are riskier for hackers as most major networks have enhanced website security systems, but the rewards are substantial. The immense traffic offers a tremendous range of possibilities for hackers who can target millions of devices within a short period.

Malicious parties can use Remote Access Trojan (RAT) techniques, for example, to take over millions of infected systems and download a cryptojacking payload. Monero’s pseudonymous features are an additional convenience for hackers, as they can easily get away with their misdeeds.

Hackers Are Becoming More Innovative

According to a recent report released by McAfee, crypto mining malware attacks have increased by over 4,000 percent within the past 12 months. It also indicates that hackers are becoming more innovative in launching attacks.

One exploit that was recently discovered by Remco Verhoef, a security researcher, targeted the Mac OS and involved executing a single line of code to launch the payload.

The hacker broadcasted messages on cryptocurrency chat boards on Slack, Discord, and Telegram asking users to execute a command via Terminal on their Mac to apparently fix a crypto transfer completion bug.

The technique was relatively simple but allowed the hacker to bypass Gatekeeper, which prevents malicious software from executing. Commands run via Terminal are not scrutinized, and this is what makes the hack particularly effective. Once a user executes the command, the hacker is allowed remote access to the computer. The hacker can also install crypto mining malware via the exploit.

Although cryptojacking attacks have increased over the past two years, momentum seems to have subsided as bearish cryptocurrency market conditions prevail.

The post Hackers Still Favor Cryptojacking Malware Despite Bearish Cryptocurrency Market Conditions appeared first on CoinCentral.

source: https://coincentral.com/hackers-still-favor-cryptojacking-malware/

Published at Mon, 21 Jan 2019 13:44:07 +0000

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Spells of Genesis Game Launches for iPhone & Android

Spells of Genesis (SoG), a blockchain-based mobile game, was released on the Apple App Store and Google Play store yesterday.


Spells of Genesis Available in App Stores

The blockchain-based fantasy trading card game, Spells of Genesis (SoG), has been added to the Apple App Store and Google Play Store yesterday. This means that cryptocurrency is one step closer to mainstream adoption as anyone with an iOS or Android device can now play this game.  

Shaban Shaame, CEO and founder of EverdreamSoft stated:

It’s a huge milestone because SoG will be one of the first ICO projects that hit the mainstream market.

The news comes 18 months after the Initial Coin Offering (ICO) campaign in which Swiss-based EverdreamSoft, the company behind SoG, collected 934 BTC in exchange for BitCrystals (BCY), a crypto asset issued on the bitcoin blockchain. BCY is used to purchase in-game content and to unlock certain features.

Not only is SoG offering gamers the ability to actually own their in-game balance and to exchange it for BTC, other cryptocurrencies, and fiat, they are also leveraging blockchain technology to bring life to the concept of “rare” trading cards.

The bitcoin blockchain ensures that BTCs can not be reproduced/forged/duplicated, just like it ensures that SoG rare trading cards can not. This is also done by using by issuing the trading cards as assets on the bitcoin blockchain.

Spells of Genesis

Spells of Genesis is a mobile game that brings in elements of trading card games (TCG) along with arcade-style gaming aspects. SoGis influenced by Blockchain technology on various levels. Not only are BitCrystals (BCY) used to monetize the game, rare trading cards are also cryptographic assets on the bitcoin blockchain.

But that’s not all! Blockchain technology is also the main focus of the storyline with  rare cards featuring known coins, services or people like the Satoshi Nakamoto card, the Ethereum card and even a fork card that symbolizes the current bitcoin scaling debate.

As so, SoG allows gamers to learn about bitcoin and cryptocurrencies in a playful environment, where users can discover the history so far and the features/tools provided by different projects through the cards themselves, preparing entrant users for the overwhelming world of blockchain technology, should they choose to delve into it.

Gaming and Blockchain technology

Despite being one of the first ICO projects to reach a mainstream audience, BitCrystals is not the only cryptocurrency & gaming project out there. In fact, the two seem to form a perfect match. Starting with gambling, bitcoin changed the way we interact with online casinos, making online gambling transparent and much more efficient. Today there are multiple provably fair gambling websites.

Online gaming itself has always been limited in the sense that all of the accomplishments of gamers were nothing more than data in a server which they could never export into the real world. Thanks to blockchain technology, users can be rewarded for their efforts by selling or trading in-game items and cards for actual money.

Although SoG is the first of its kind, others have followed. Rarepepe, a meme-based game, uses a similar system to Spells of Genesis in order to create and record rarepepe cards on the blockchain. These can then be exchanged for BTC and other cryptos. Although Rarepepe is not a game in itself, it has become extremely popular in the crypto space, with cards being bought and sold for exorbitant prices.

Cryptocurrency assets have also become a way to gamify existing platforms by creating decentralized incentive models and ways for players to compete among themselves.

The FirstBlood project, for example, is a decentralized platform that uses smart contract technology to make eSports tournaments and matches between gamers fair and transparent, allowing gamers to profit from their skills.

MobileGo also comes to mind, a dual-blockchain token that will be used to gamify the GameCredits mobile app store.

Despite the growing chainwashing trend where projects use blockchain technology for the hype and not for the technology itself, the gaming seems to be one step ahead by being of the few industries where blockchain technology is already having a visible impact and changing the way we play.

Can Blockchain technology change the gaming industry completely and become the standard? Or is it just another fad in the gaming world?


Images courtesy of Spells of Genesis, Daily Dot

The post Spells of Genesis Game Launches for iPhone & Android appeared first on Bitcoinist.com.

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