TweakTown
Tech content trusted by users in North America and around the world
6,140 Reviews & Articles | 39,464 News Posts
Weekly Giveaway: Win an Antec Case, PSU and Cooler (Global Entry!)

Malware drains your battery and helps bad guys mine for cryptocurrency

New malware, although not widespread, gives a glimpse into what type of malware we could potentially see in the future

| Hacking & Security News | Posted: Mar 27, 2014 7:19 pm

The "Coinkrypt" malware is making its rounds, infecting Google Android devices, letting cybercriminals mine Litecoin, Casinocoin and Dogecoin courtesy of hijacked devices.

 

TweakTown image news/3/6/36601_01_malware_drains_your_battery_and_helps_bad_guys_mine_for_cryptocurrency.jpg

 

Most malware today is designed to either steal information or create some type of financial incentive for criminals - and Coinkrypt follows that same strategy, but with a rather unique twist.

 

Although it isn't prevalent at the moment, security researchers want users to be aware of the potential ramifications if they are infected - including potentially causing batteries to drain faster - or eventually leads to overheating.

 

"While mining as a strategy hasn't paid off for these malware authors, as these digital currencies continue to grow, we predict that the number of new malware families targeting them will also continue to grow as malware authors experiment with various different strategies in their desire to cash in," a blog by security firm Lookout indicates.

NEWS SOURCES:Blog.lookout.com

Related Tags

Further Reading: Read and find more Hacking & Security news at our Hacking & Security news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases