Trend Micro: Cryptocurrency-Mining Malware Targeting IoT, Being Offered in the Underground

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Trend Micro reports that:

Cryptocurrency malware is gaining traction as a topic in forums in the cybercriminal underground, with some dedicated to exploring whether compromising connected devices (however underpowered) for financial gain is a plausible venture. Still, it is not as profitable as other criminals may think — at least not yet.

Mining for cryptocurrency is a computationally intensive task that requires significant resources, not to mention high power consumption. Be that as it may, mining does generate money and we do see related activity on stealing the resources of infected machines, significantly affecting their performance and increasing their wear and tear.

Of course a related question is whether normal end-users can also usefully mine crypto without the economies of scale and stolen resources that cybercriminals enjoy. This is the goal of one cryptocurrency, Monero mentioned in the article.

Full article, Research brief Authors note that “It was actually hard to finish this publication, considering that new cryptocurrency malware conversations kept appearing every day in multiple places.”


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