Bitcoin botnet mines over Twitter

Powered by SC Magazine
 

But renting bots is more profitable.

An innovative botnet was using Twitter to control "mining" operations for the Bitcoin virtual currency.

"Botnet masters use other people's computers to mine Bitcoins for them," said chief research officer for F-Secure, Mikko Hypponen, in a blog post.

He said incentives were offered to create botnets because Bitcoin could be mined by solving difficult cryptographic proof-of-work calculations and then exchanged for cash.

It was identified as Trojan . Generic . KD.

SEKURITY TWEMINER

But Symantec researcher Peter Coogan said in June it could be put to more profitable use:
"Bitcoin botnet mining as an attractive and profitable venture for cybercriminals is very questionable," he said.

He compared the income for using such a botnet to rent on the underground market.

It said the "usual offer" for the hire of a good botnet was about $400 a week for a few hours a day.

 

Copyright © SC Magazine, Australia


Bitcoin botnet mines over Twitter
A botnet is ravaging over Twitter.
 
 
 
Top Stories
ATO shaves $4m off IT contractor panel
Reform cuts admin burden, introduces KPIs.
 
Turnbull introduces data retention legislation
Still no definition of metadata to be stored.
 
Crime Commission prepares core systems overhaul
Will replace 30 year-old national criminal database.
 
 
A botnet is ravaging over Twitter.
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
In which area is your IT shop hiring the most staff?




   |   View results
IT security and risk
  27%
 
Sourcing and strategy
  12%
 
IT infrastructure (servers, storage, networking)
  21%
 
End user computing (desktops, mobiles, apps)
  14%
 
Software development
  25%
TOTAL VOTES: 433

Vote
Would your InfoSec team be prepared to share threat data with the Australian Government?

   |   View results
Yes
  54%
 
No
  46%
TOTAL VOTES: 208

Vote