Wednesday, 19 December 2018 16:05

BLOCKCHAIN THREAT REPORT: MCAFEE Featured

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Blockchain, a revolutionary basis for decentralized online transactions, carries security risks. Learn about current security problems and specific incidents within blockchain implementations, and the techniques, targets, and malware used for attacks.

What spiked the movement, starting in fall 2017, toward cryptojacking? The first reason is the value of cryptocurrency. If attacker can steal Bitcoins, for example, from a victim’s system, that’s enough. If direct theft is not possible, why not mine coins using a large number of hijacked systems. There’s no need to pay for hardware, electricity, or CPU cycles; it’s an easy way for criminals to earn money. We once thought that CPUs in routers and video-recording devices were useless for mining, but default or missing passwords wipe away this view. If an attacker can hijack enough systems, mining in high volume can be profitable. Not only individuals struggle with protecting against these attacks; companies suffer from them as well...

Source: Securing Tomorrow. Today. | McAfee Blogs.

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