French authorities shut down a botnet army responsible for crypto-jacking thousands of computers across 140 countries.
Yesterday, French cybersecurity, officials dubbed "Cyber gendarmes," announced the disabling of a botnet force 850,000 servers strong operating mostly in Latin America.
A malicious form of computer predation, crypto-jacking involves remotely and secretly installing crypto mining software onto computers.
Infected computers bare electrical and maintenance costs while hackers walk away with the crypto.
An email promising money or erotic images linked to the virus and in certain cases infected USB drives also carried the virus.
Official estimates run into the millions of euros with the culprits still on the run.
The server has been in operation since 2016, utilizing the Retadup virus to crypto jack computers along with stealing personal data from Israeli hospitals, among other nefarious acts.
Over the next six months, French officials shut down the server while moving the virus to unused parts of the web.
"Basically, we managed to detect where was the command server, the control tower of the network of infected computers, the 'botnet,'" said Jean-Dominique Nollet to France Inter Radio, head of the Center for Combating Digital Crime.
"It was copied, replicated with a server of ours, and made to do things that allow the virus to be idle on the victims' computers," he continued.
Crypto-Jacking Virus Infects 850,000 Servers, Hackers on the Run With Millions
gepubliceerd op Aug 28, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.