Egypt's SCZONE posts EGP 6.25 bln revenue in FY2025/26    Egypt's Cabinet approves plan to increase Arab Monetary Fund's capital    Egypt launches joint venture to expand rooftop solar operations nationwide    Housing Minister reviews progress at alternative site for Samla, Alam Al-Roum    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt, Saudi Arabia reaffirm ties, pledge coordination on regional crises    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    US forces capture Maduro in "Midnight Hammer" raid; Trump pledges US governance of Venezuela    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Watch out! Mining software may steal your money
Kaspersky predicts 2 million users to be affected by mining software
Published in Daily News Egypt on 10 - 01 - 2018

When someone urgently needs to edit a text document or an image, but doesn't have the time or opportunity to find a trusted source, the most probable solution is to download the first openly distributed or even cracked application they can find, which are rife on the Internet.
So, you successfully download and install the program and nothing wrong or suspicious is spotted in its operation. But suddenly, you notice that your PC seems to be running much slower than usual and at the end of the month you receive an electricity bill that is noticeably higher than average. If this sounds familiar, it's likely that you've got a bitcoin miner.
Along with a spike in the cryptocurrency market, malicious mining software has been actively deployed by criminals in order to make easy money, becoming a major trend in 2017. This trend was predicted last year by Kaspersky Lab researchers who spotted a comeback of mining software amid the growing popularity of Zcash cryptocurrency. Just a year later, miners are everywhere: according to Kaspersky Lab data, by the end of the year the number of affected users will exceed two million.
Criminals are using different tools and techniques, such as social engineering campaigns involving adware or cracked software, in order to affect as many PCs as possible. Kaspersky Lab experts recently identified a number of websites, created using one standard design, which have been offering users free, pirated software such as popular computer programs and applications. Taking into consideration how widespread pirated software is, it is not a difficult task for criminals to generate a special "landing page". They have even been using domain names similar to the real ones in order to confuse users as much as possible.
But it is always wise to be careful when someone offers you something for nothing. The real purpose of these websites was to spread a particular mining software. As a result, in the chase for free applications, users were putting themselves at a higher risk than they could have imagined.
Along with the downloaded archive, users received a miner which was automatically installed together with the desired software. After this, the miner started silently operating on the victim's PC, using its power to generate cryptocurrency which goes directly back to the criminals.
The installation archive also included text files containing initialisation information – an address of the criminals' wallet, as well as a mining pool – a special server to unite several participants and distribute a mining task among their computers. In exchange, participants receive their share of cryptocurrency. Due to the fact that mining Bitcoins and other cryptocurrencies is currently a very resource-heavy and time-consuming operation, the pools provide increased efficiency and higher speeds of cryptocurrency production.
Kaspersky Lab researchers have identified that in all cases criminals used the NiceHash mining software, which recently suffered a major cybersecurity breach resulting in the theft of millions of dollars' worth of cryptocurrency. Some of the victims were connected to a mining pool of the same name.
There was one more interesting feature found by Kaspersky Lab experts, which enabled criminals to remotely change a previously set wallet number, pool, or even miner. Thus, criminals gave themselves an opportunity to distribute mining flows and change the final destination for crypto coins anytime they needed, or make a victim's computer work for another mining pool.
"Although not considered malicious, mining software decreases the device's system performance, which inevitably affects the user experience, along with increasing the victim's electricity bill. As a result, the use of seemingly harmless pirated software leads the victim – at their own expense – to augment someone else's wallet. We advise users to remain vigilant and use legal software to avoid such malicious handouts," says Alexander Kolesnikov, Malware Analyst at Kaspersky Lab.
In order to protect yourself from such incidents and prevent your PC from turning into a mining zombie, Kaspersky Lab recommends the following:
Only download legal software from proven sources;
Do not click on unknown websites, or suspicious banners and ads;
Install a reliable security solution such as Kaspersky Internet Security or Kaspersky Free that protects you from all possible threats including malicious mining software.


Clic here to read the story from its source.