Hackers Getting More Ingenious
Cryptocurrency Valuations Rising – Expect More Hacks and Cyber Attacks
Hackers are becoming more and more ingenious especially now that cryptocurrency is starting to take off, as the valuations of cryptocurrency rises, cyber attacks are becoming more and more prevalent because hackers want to mine for cryptocurrency.
All of the attacks are unknown to users and are coin-mining scripts, normally planted by hackers in the background of public websites, on servers, devices, and in software and are far more lucrative than coin-mining’s ugly adopted twin, malware, stealing bank account information from users.
The attacks, they mine for cryptocurrency and as coin prices rise, so too will the attacks.
One recently discovered attack involved a mass collection of servers where hackers were able to exploit CVE-2-17-10271 which is a critical vulnerability in Oracle’s WebLogic package.
Oracle does have a patch for the vulnerability that was released back in October, but the owner of the servers had not installed it yet.
The hackers were able to mine for cryptocurrency and had mined roughly $6,000 worth of the AEON cryptocurrency.
Back in December a hack generated more than $8,500 worth of Monero cryptocurrency, using the same flaw that hackers exploited to hack Equifax.
What’s interesting here is that the mining programs typically mine the Monero currency rather than Bitcoin, because of Monero’s CPU-friendly hashing algorithm.
Cryptocurrency prices tend to be tightly correlated, so Monero’s price is in sync with Bitcoin.
These attacks are not necessarily stealing the cryptocurrency, they are actually generating digital coins which is a new and improved way of creating counterfeit currency.
As cryptocurrency becomes more and more popular, it looks like the security surrounding cryptocurrency is going to need to be tightened exponentially in order to curb these mining attacks.
Cristal M Clark