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Researchers Detect Crypto-Mining Worm to Steal AWS Credentials

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Cybersecurity researchers have detected what they believe to be the first ever stealth crypto mining campaign to steal Amazon Web Services (AWS) credentials.

The mining campaign was described as being relatively unsophisticated by Cado Security in their report on Aug. 17. In total, it seems so far to have only resulted in the attackers — who operate under the name TeamTNT — pocketing a paltry $300 in illicit profits.

What struck the researchers’ attention was the crypto-mining worm’s specific functionality for stealing AWS credentials. 

Cado Security understands this as part of a wider trend, showing that hackers and attackers are adapting fast to the rising number of organizations that are migrating their computing resources to cloud and container environments.

Hacking the AWS credentials is relatively simple, the report indicates. TeamTNT’s campaign has moreover recycled some of its code from another worm dubbed “Kinsing,” which is designed to suspend Alibaba Cloud Security tools. 

Based on these recycling patterns, the Cado report notes that researchers now expect to see future crypto-mining worms copying and pasting TeamTNT’s code to hack AWS credentials in future.

As is frequently the case with stealth crypto mining campaigns TeamTNT’s worm deploys the XMRig mining tool to mine Monero (XMR) for the attackers’ profit.

Cado Security investigated MoneroOcean, one of the mining pools used by the attackers, and used it to compile a list of 119 compromised systems successfully targeted by the worm.

Stealth cryptocurrency mining attacks are alternately referred to as cryptojacking — an industry term for the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.

This March, Singapore-based unicorn startup Acronis published the results of its latest cybersecurity survey, which revealed that 86% of IT professionals professed concern about the risks posed to their organizations by these attacks.



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Monero

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.