Tag Archive for: Mining

Team of Panther engineers creates break-through technology to detect illegal Bitcoin mining on everyday users’ computers | FIU News

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Cryptocurrencies may be the way of the future. At least, that’s what many are betting on.

Entrepreneurs and companies are buying, selling and investing funds in cryptocurrencies like Bitcoin. Some retailers are accepting payments in cryptocurrency already. And, most recently, Miami Mayor Francis Suarez proposed that the city begin using Bitcoin for some of its financial transactions, including for employee salaries.

The popularity of cryptocurrencies is attracting a number of people – including hackers. Hackers are currently finding low-cost ways to “mine” Bitcoin and other cryptocurrency illegally by tapping into everyday people’s computers and using those machines’ resources without their consent. The result? Hackers make millions mining cryptocurrency using other people’s computers. Meanwhile, the victims often find their computers slow down and become impossible to use without realizing what’s going on.

This form of hacking – called “cryptojacking” – is happening across the world at astonishing rates. Miners have not only hacked into regular folks’ computers, but they’ve also hacked into major businesses, retailers and governmental agencies to use their servers and machines.

Faraz Naseem ’18, MS ’20 is working to find a solution. Naseem works at FIU’s Cyber-Physical Systems Security Lab, part of the College of Engineering and Computing. Under the supervision of the lab’s director Selcuk Uluagac, Naseem, postdoctoral researcher Ahmet Aris, researcher and lab member Leonardo Babun ’15, MS ’19, PhD ’20 and current electrical and computer engineering master’s student Ege Tekiner, created a novel software to address the problem.

The team created a first-of-its-kind software that detects cryptojacking happening in real-time with an accuracy rate of nearly 99 percent.

“We are one of the first in the world to identify cryptojacking,” says Uluagac, who is also an eminent scholar-chaired associate professor in the Department of Electrical and Computer Engineering and Knight Foundation School of Computing and Information Sciences. “As Bitcoin technology becomes more prevalent, we will need these types of protections. Miami is already in the…

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6 Sings Your Computer Is Secretly Mining Cryptocurrency

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While blockchain technology represents one of the safest ways to secure and keep your funds, hackers are also trying to keep track of the most recent technologies and security measures to try to find a way to bypass high levels of security. In that matter, it is very important to earn how to store your Bitcoin and other cryptocurrencies most safely. The safest method is to keep them on your e-wallet, especially offline ones while choosing to store them on some online platform like crypto exchange might bring some risks. There were already some cases where thefts managed to steal millions from online crypto platforms. Also, you should beware of unknown sources when it comes to trading websites as well. You can visit techround.co.uk to read more about the important factors that you should know before choosing the right online exchange.

Furthermore, we have to mention cryptojacking, which is one of the most recent methods that hackers are using to exploit sources of other people to mine cryptocurrencies. They are using various methods for this technique. Some of the most common are malware files that can start using your PC for mining and adding a code to your website. The main issue is that you might not notice that on time. Here are some of the best ways to find out if someone is secretly mine cryptocurrencies on your computer.

1. Overheating Hardware

Source:onlinecmag.com

Hardware is the most important part of the mining process, especially the graphics card. Since the mining process is getting more difficult over time, people need more resources for the efficient creating of blocks of codes. That is especially important for Bitcoin. Today, we have big mining centers where miners are combining hundreds of mining rigs for more efficient processes. However, some of them might try to use some alternative ways to get enough resources, and sharing malware files is one of them. The blockchain coding requires high spec hardware, and you could notice that something is not right with your PC in case it starts overheating even when you are not running any demanding operations on it. That is the sign for checking all of the files and look for malware and viruses.

2. Inspect Your…

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Newly-discovered KriptoCibule malware has been stealing and mining cryptocurrency since 2018

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Security researchers at Slovak security firm ESET have discovered a new family of malware that they say has been using a variety of techniques to steal cryptocurrency from unsuspecting users since at least December 2018. Read more in my article on the Tripwire State of Security blog.
Graham Cluley

Cryptocurrency Mining Employees Expose Nuclear Plant to Internet – WIRED

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Cryptocurrency Mining Employees Expose Nuclear Plant to Internet  WIRED

Xbox eavesdropping, email scammers, and more of the week’s top security news.

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