Cryptomining Gold Rush: One Gang Rakes In $7M Over 6 Months

Faybert

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Jan 8, 2017
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The bloom is on the criminal cryptomining of computer resources and the reason is obvious – it’s lucrative. One cryptoming gang tracked by researchers over the past six months minted $7 million with the help of 10,000 computers infected with mining malware.

The rise of malicious cyrptoming isn’t shocker to anyone following cybersecurity. However, what is startling is the rise in the use of sophisticated and complex techniques that some groups now use. Many cryptoming groups have adopted hacking techniques and tools typically only seen by sophisticated APT threat actors.

In a report released Monday by Kaspersky Lab, researchers profiled three groups of cryptominers that represent this new breed cyrptojacking criminals. Following the same huge growth arc as ransomware, these groups are quieter by nature and unlike in-your-face ransomware bullies, are more apt to quietly leach CPU cycles while remaining hidden on a client PC or inside the datacenter, said Anton Ivanov, a researcher at Kaspersky Lab.
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