Tag: cryptocurrency

The authors thank their colleagues Oliver Devane and Deepak Setty for their help with this analysis. McAfee Labs researchers have discovered new Russian malware, dubbed WebCobra, which harnesses victims’ computing power to mine for cryptocurrencies. Coin mining malware is difficult to detect. Once a machine is compromised, a malicious app runs silently in the background ...
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Every three months, our team crafts the McAfee Labs Threats Report. The quarterly report ranges in topic and severity but always touches on the most important and impactful threats afflicting consumers and companies alike. This year, the McAfee Labs team analyzed an average of 1,800,000 URLs, 800,000 files and 200,000 high-risk files to produce the McAfee ...
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In response to the explosive increase in cryptomining campaigns in Q4 2017, the Cyber Threat Alliance has formed a cryptomining subcommittee to assess the threat. This committee comprises expert researchers from major cybersecurity companies, including McAfee. The committee has now released “The Illicit Cryptocurrency Mining Threat,” an in-depth report on the current state of unlawful ...
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From Bitcoin’s boom, to high stakes hacks – cryptocurrency, and how to secure it, has been the talk of the town. However, what most don’t realize is that a there is a sophisticated technology involved in each cryptocurrency transaction designed to secure digital currency: blockchain technology. Now, many of you may be asking – what ...
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With Bitcoin becoming resource-intensive to mine, and several cryptocurrency platforms arising as alternatives, more bad actors are jumping into cryptojacking: the unsolicited use of your device to mine cryptocurrency. This is becoming a dangerous threat that sometimes targets web systems, while other times infiltrates consumer or enterprise devices. When a consumer device is targeted by ...
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In December 2017 Bitcoin values skyrocketed, peaking at the unprecedented amount of roughly US$19,000 per coin. Unsurprisingly, the market for cryptocurrencies exploded in response. Investors, companies, and even the public found a fresh interest in digital currencies. However, the exciting change in Bitcoin value did not just influence your average wealth seeker. It also influenced ...
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From 2017 to 2018, the cost of one Bitcoin increased over one thousand percent. This rapid growth dominated headlines and ignited a cryptocurrency boom that left consumers everywhere wondering how to get a slice of the Bitcoin pie. For those that want to join the craze without trading traditional currencies like U.S. dollars, a process ...
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