Cryptocurrency Mining Is Attacking More Mobile Users

Cryptocurrency Mining Is Attacking More Mobile Users

Accordingly a malware that allows mining of cryptocurrencies using Android phones has been discovered and the number of phones affected can be as high as 60 million. Meanwhile this number has been quoted from the visits to the malicious domains for mining of cryptocurrencies. There are 5 such websites overall and it is reported that around 800,000 visits are recorded in these sites every day in total.

Meanwhile there are possibly only two explanations for such a large scale hacking of mobile phones; one is the increasing access of the internet via the handheld devices as opposed to the traditional systems. Presently the hackers take full advantage of these factors that in another observation in the blog is that the vehicles used by the hackers are the free apps on the Android Play Store.

Further the researchers said,"The threat landscape has changed dramatically over the past few months, with many actors jumping on the cryptocurrency bandwagon. Malware-based miners, as well as their web-based counterparts, are booming and offering online criminals new revenue sources".

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