TweakTown
Tech content trusted by users in North America and around the world
5,911 Reviews & Articles | 38,063 News Posts

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 SOURCE
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!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases