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
Soft drinks and SoftLayer: A solution for hard times?
Coca-Cola Amatil's CIO Barry Simpson shares his story of cost-cutting, outsourcing and why his software developers to ride around in delivery trucks.
 
Optus considers breaking net neutrality in Australia
May charge Netflix, OTT providers for premium service.
 
AGL restructure sees CIO depart
Owen Coppage to leave after ten years.
 
 
A botnet is ravaging over Twitter.
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Do you support the Government's data retention scheme?

   |   View results
Yes
  11%
 
No
  89%
TOTAL VOTES: 2312

Vote