Bitcoin botnet mines over Twitter

By
Follow google news

But renting bots is more profitable.

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

Bitcoin botnet mines over Twitter
A botnet is ravaging over Twitter.

"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.

 

Add iTnews as your trusted source

Got a news tip for our journalists? Share it with us anonymously here.

Copyright © SC Magazine, Australia

Tags:

Most Read Articles

'Copy Fail' Linux privesc bug lay dormant in kernel since 2017

'Copy Fail' Linux privesc bug lay dormant in kernel since 2017

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases

Medibank reveals attack vector and cost of 2022 security breach

Medibank reveals attack vector and cost of 2022 security breach

Attacker embeds Claude Code in mass credential harvesting op

Attacker embeds Claude Code in mass credential harvesting op

Log In

  |  Forgot your password?