Enterprise Solutions News

Crypto-mining surge continues in second quarter: McAfee Labs

McAfee Researchers Analyze Cryptomining Malware Trend, Windows 10 Cortana Vulnerabilities, Blockchain Attack Vectors, Mobile Billing Fraud Apps, and the Weaponization of Vulnerability Exploits

McAfee released its McAfee Labs Threats Report: September 2018, examining the growth and trends of new cyber threats in Q2 2018. In the second quarter, McAfee Labs saw the surge in cryptomining malware growth that began in Q4 2017 continue through the first half of 2018. McAfee also saw the continued adaptation of the type of malware vulnerability exploits used in the WannaCry and NotPetya outbreaks of 2017.

Although less common than ransomware, crypto-mining malware has quickly emerged on the threat landscape. After growing around 400,000 in the fourth quarter of 2017, new cryptomining malware samples grew a stunning 629% to more than 2.9 million samples in Q1 2018. This trend continued in Q2 as total samples grew by 86% with more than 2.5 million new samples. McAfee Labs has even identified what appear to be older malware such as ransomware newly retooled with mining capabilities.

In some cases, cryptomining targets specific groups rather than a broad field of potential victims. One cryptomining malware strain has targeted gamers on a Russian forum by posing as a “mod” claiming to enhance popular games. Gamers were tricked into downloading the malicious software, which proceeded to use their computer resources for profit.

While cryptomining malware primarily targets PCs, other devices have become victims. For instance, Android phones in China and Korea have been exploited by the ADB.Miner malware into producing Monero cryptocurrency for its perpetrators.

“A few years ago, we wouldn’t think of internet routers, video-recording devices, and other Internet of Things devices as platforms for cryptomining because their CPU speeds were too insufficient to support such productivity,” said Christiaan Beek, Lead Scientist and Senior Principal Engineer with McAfee Advanced Threat Research. “Today, the tremendous volume of such devices online and their propensity for weak passwords present a very attractive platform for this activity. If I were a cybercriminal who owns a botnet of 100,000 such IoT devices, it would cost me next to nothing financially to produce enough cryptocurrency to create a new, profitable revenue stream.”

A year after the outbreaks of the WannaCry and NotPetya attacks, new malware samples specifically designed to exploit software vulnerabilities increased by 151% in Q2. McAfee saw the exploits from these two high-profile threats repurposed within new malware strains, and newly discovered vulnerability exploits similarly adapted to produce entirely new threats.

“WannaCry and NotPetya provided cybercriminals compelling examples of how malware could use vulnerability exploits to gain a foothold on systems and then quickly propagate across networks,” Beek continued. “It’s still surprising to see numerous vulnerabilities from as far back as 2014 used successfully to spearhead attacks, even when there have been patches available for months and years to deflect exploits. This is a discouraging testament to the fact that users and organizations still must do a better job of patching vulnerabilities when fixes become available.”

Related posts

New Relic Named a Cloud Observability Leader by GigaOm

enterpriseitworld

Quantum Announces the Scalar i7 RAPTOR for Data Lakes

enterpriseitworld

HPE Leverages GenAI to Enhance AIOps Capabilities of HPE Aruba Networking Central Platform

enterpriseitworld