Hackers Still Cryptojack Smartphones to Mine for Cryptos, Security Researchers R

[Goodcat49]

Recently, security experts found that hackers are currently mining for Cryptos with the help of smartphones. The Daily Mail on Wednesday, August 22, reported the increasing risk and pointed out the need to effectively protect and secure user's smartphones.

Even though mining for cryptos such as Bitcoin, Monero, Ethereum and other giant Cryptos may call for a significant investment in hardware and power, cryptojacking is a cheaper alternative. An information Technology expert from Wavestone, Gerome Billois, explained that to hijack an IoT device involves hacking an internet server and installing malware created to mine cryptos from the individual's smartphone or computer.

Monkey's Game

While the processing capacity on smartphones is less compared to that of desktop computers, there is a very high number of smartphones in the market. Smartphones, thus, provide greater significance to mine Cryptos when totaled.

“Recently, we have discovered that a version of the popular game Bug Smasher, installed from Google Play between one and five million times, has been secretly mining the cryptocurrency monero on users’ devices,” said researchers from the IT Security company ESET.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/hackers-cryptoj...e-for-cryptos/