Bitcoin botnet mines over Twitter

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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


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