Malware Campaign Targeting Jaxx Wallet Holders Shut Down

A site spoofing the official Jaxx website was discovered packing several infections for Windows and Mac machines, and has been shut down. A malware campaign targeted Jaxx cryptocurrency wallet holders through a website spoofed to mimic the legitimate Jaxx site, researchers at Flashpoint reported this week. The fraudulent site has since been taken down. Jaxx was created by Ethereum cofounder and Decentral founder Anthony Di Iorio, who built the wallet in 2015 to help people manage digital assets. It has been downloaded more than 1.2 million times on desktop and mobile, the company reported in March. Its latest version, Jaxx Liberty supports more than a dozen cryptocurrencies, including Bitcoin and Ethereum. Earlier this month, Flashpoint...

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Move over ransomware attacks as hackers take to cryptojacking

When it comes to increased cryptojacking activities, India is second in the Asia-Pacific and Japan (APJ) region and ninth globally as hackers create a highly-profitable, new revenue stream with crypto-mining, cyber security giant Symantec said on Wednesday.According to Symantec's "Internet Security Threat Report", detection of coinminers on endpoint computers increased by a whopping 8,500% in 2017."Cryptojacking is a rising threat to cyber and personal security," Tarun Kaura, Director, Enterprise Security Product Management, APJ at Symantec, said in a statement."The massive profit incentive puts people, devices and organizations at risk of unauthorised coinminers siphoning resources from their systems,...

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How Scammers Steal Your Computing Power to Mine Cryptocurrencies

Cryptojacking, an internet scam found on thousands of websites in which nefarious actors mine cryptocurrencies on computers without users’ permission, has been on the rise since the prices of bitcoin and many other cryptocurrencies began spiking last year. The con involves websites stealing computational power from a visitor’s computer to execute the algorithms that are involved in cryptocurrency mining, which requires significant amounts of energy. While it’s most common in the sketchier corners of the internet, hackers have also been able to inject the cryptojacking software onto websites for Showtime and PolitiFact and on e-commerce platforms. Patrons of a Buenos Aires, Argentina, Starbucks branch discovered...

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A Hacker's Tool Kit - Cybercrime is growing ever more pervasive—and costly.

Cybercrime is growing ever more pervasive—and costly. According to researcher Cybersecurity Ventures, the annual cost of cybercrime globally will rise from $3 trillion in 2015 to $6 trillion in 2021. Enabling this boom are thriving marketplaces online, where hackers sell tools and services to criminals. Virtually anything is available for the right price, points out Andrei Barysevich, director of advanced collection (“a fancy name for ‘spy,’ ” he says) at threat intelligence firm Recorded Future. A former consultant for the FBI’s cybercrime team in New York, Barysevich trawled the shadiest corners of the web to compile the cybercrime shopping list above, exclusively for Fortune. In the market for some basic malware? It’ll cost you as...

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Low-cost tools making #cybercrime more accessible

A report from the security vendor has said the increasing affordability of cybercrime tools is providing budding criminals with a low barrier of entry into the game. Malware as a service, along with the affordability of spam botnets, is providing criminals with a low barrier of entry into the cybercrime space, a report from SecureWorks has said. In 2017 State of Cybercrime: Exposing the threats techniques and markets that fuel the economy of cybercriminals, the SecureWorks Counter Threat Unit explained that less experienced hackers are able to purchase information-stealing malware for reasonably low prices, and, as a result, this has increased who can conduct malicious activity online. "The internet underground is thriving with ready-to-purchase...

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