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Monero Cryptojacking Malware Targets Higher Education

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According to a study published by Guardicore Labs, a malware botnet known as FritzFrog has been deployed to ten millions of IP addresses. The malware has largely targeted governmental offices, educational institutions, medical centers, banks, and telecommunication companies, installing a Monero (XMR) mining app known as XMRig.

Guardicore Labs explains that FritzFrog uses a brute-force attack on millions of addresses to gain access to servers. That’s where an attacker submitting many passwords or passphrases with the hope of eventually guessing correctly.

After it gets in it proceeds to run a separate process named “libexec” to execute XMRig.

“It has successfully breached over 500 SSH servers, including those of known high-education institutions in the U.S. and Europe, and a railway company.”

The cybersecurity firm said that FritzFrog appears to be a one-of-its-kind malware, and that it was a “complicated task” to track it as the connections were hidden within a peer-to-peer (P2P) network.

Ophir Harpaz, a researcher at Guardicore Labs, commented:

“Unlike other P2P botnets, FritzFrog combines a set of properties that makes it unique: it is fileless, as it assembles and executes payloads in-memory. It is more aggressive in its brute-force attempts, yet stays efficient by distributing targets evenly within the network.”

Harpaz recommends choosing strong passwords and using public-key authentication, “which is much safer,” to avoid being attacked successfully by a cryptojacking malware like FritzFrog.

Recently, cybersecurity researchers at Cado Security detected what they believe to be the first-ever stealth crypto mining campaign to steal Amazon Web Services (AWS) credentials, named TeamTNT, which also deploys the XMR mining app.



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BTC, ETH, XMR, XEM, AAVE

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December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase.

Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at a rate of 0.75% due in 2025. The company now plans to invest the net proceeds in Bitcoin after identifying its “working capital needs and other general corporate purposes.” 

When institutional investors show such a large appetite to buy Bitcoin (BTC) near the all-time high, it is no surprise that the corrections have been shallow.

Tyler Winklevoss said in a recent interview with CNBC that institutional investors are worried about the “oncoming inflation and the scourge of inflation with all the money printing and the stimulus from the COVID pandemic lockdowns.” Hence, they have been putting money into Bitcoin.

Crypto market data daily view. Source: Coin360

Today, Bitcoin price surged back above the $19,000 level and it may challenge the psychological $20,000 resistance. If this level is broken out with conviction, it may create FOMO among retail traders as many have not participated in the current rally.

If money from retail investors also starts gushing in, then Bitcoin could pick up momentum and start the next leg of the up-move.

Along with Bitcoin, there are a few altcoins that may participate in the up-move next week. Let’s study the charts of the top-5 cryptocurrencies in order to spot the critical support and resistance levels to watch out for.