Mobile

5/30/2018
10:20 AM
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Mobile Malware Moves to Mine Monero (and Other Currencies)

A new report shows that cryptocurrencies tend to be the focus of a growing number of malicious apps.

Cryptocurrencies are good news for bad guys. That's a key finding of a new report on mobile threats from the first quarter of 2018. In another major finding, nation-state threat actors seem here to stay, and they have a growing love for mobile platforms.

The Mobile Threat Landscape Q1 2018 Report, sponsored by RiskIQ, analyzed 120 mobile app stores and billions of daily scanned resources for its data. And in spite of headlines, the overall news is promising, with a reduction in the total number of malicious apps found.

According to the report, malicious blacklisted apps are increasingly masquerading as cryptocurrency wallets, exchanges, or generic cryptocurrency applications. Once installed, these malicious apps will either begin working to steal legitimate cryptocoins from wallets, or begin mining cryptocurrency, frequently the highly anonymous Monero, using the device's compute resources.

The research also found that the vast majority — 86% — of malicious apps share the READ_SMS permission, which allows the app to read messages and can be used for functions like side-stepping two-factor authentication. Other commonly shared permissions include access to cameras, microphones, and location information.

For more, read here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

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RyanSepe
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RyanSepe,
User Rank: Ninja
5/31/2018 | 9:28:34 AM
Buyer Beware
The only protection here is research. These pieces of malware are very pervasive and easy to download if you do not perform due diligence on the provider.
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