• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

Phone Cryptojacking Cases Spiral Out of Control in Japan

Georgi Georgiev by Georgi Georgiev
4 years ago
in News, Altcoin News, Mining, News teaser
0
Advertisement

As Japan sees a widespread adoption of cryptocurrencies, cybersecurity threats in the face of ‘cryptojacking’ are also spiraling out of control. With more than 130,000 incidents in the three months through December 2017, the cases have increased with roughly about 175 times.


Japan is rapidly becoming a hot spot for the crypto field, with corporate giants such as Yahoo! Japan and Monex Group already stepping in. However, the surge of popularity is also paving the way for an increase in a particular breed of hack known as ‘cryptojacking’.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

A Lurking Threat

Cryptojacking is no news in the field and the last quarter of 2017 and the crypto-craze that it marked seemed to have catalyzed its potency. On a global scale, we saw 8,500% increase during 2017, but it seems that Japan itself is quickly topping the charts with over 175 times more recorded cases at the end of 2017 compared to January-March the same year.

Script

And, while stealing computational power from PCs has been the standard, cybercriminals seem to be getting crafty and their also targeting smartphones. There are two distinct ways your device’s computational power might get hijacked.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The first one is through the spread of malicious software through emails as well as other online means. This malware would then siphon your device’s processing power in order to facilitate cryptocurrency mining.

The second one involves a popular script called Coinhive. It emerged back in September 2017 and cryptojacking cases have rampantly increased ever since according to Katsuyuki Okamoto – a security evangelist at a cybersecurity firm called Trend Macro. The way it works is fairly simple – when you visit a troubled website, your browser will load the Coinhive script automatically, allowing it to tap into your device’s processing power and begin mining Monero.

Monero

Monero – The Preferred Digital Currency for Hackers

As stated above, Coinhive’s script is set to facilitate the mining of Monero. The reasons for this are explained by IBM Japan’s Security Operations Center chief analyst Hideki Inomata:

Unlike other cryptocurrencies, Monero is easier to mine, even with relatively low-performance terminals. […] This gives hackers an incentive to target the typical computer or smartphone user, rather than more sophisticated and heavily guarded systems.

Even though certain anti-virus programs might detect scripts like Coinhive and block them out, it becomes much more challenging to deal with the problem once the device has already been infected. Hackers are notoriously resourceful in their ability to circumvent all kinds of intercepting methods, as Toshia Nawa, a senior security analyst at the Cyber Defense Institute of Tokyo points out:

Certain types of malware are sophisticated enough to mine digital coins only while users are not typing, so users are often unaware that their computers are infected.

The Importance of Protection

Scripts for computational power theft for coin mining don’t necessarily pose an imminent threat to the personal data of the user of the infected device. However, taking measures is crucial, according to Hiroaki Takiguchi of Symantec, who warns that “a program that was designed for coin mining could be turned into something else by criminals.”

The Importance of Protection

The long and short of it is this – be aware of how your device is performing. If you suddenly start experiencing sluggish performance on your brand new iPhone, it might not be Apple deliberately chopping down its capabilities – it could very well be an indicator that someone is using its power to mine Monero or some other cryptocurrency.

Have you ever fallen victim to cryptojacking? How did you find out about it? Please let us know in the comments below!


Images courtesy of Pixabay, Monero

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Georgi Georgiev

Georgi Georgiev

Related Posts

Crypto

Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse

14 hours ago
Warba Bank

Warba Bank Becomes 1st Islamic Lender To Enter The Metaverse

3 days ago
Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

5 days ago
Cryptoqueen

‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The FBI

6 days ago
Three Arrows

Three Arrows Capital Gets Notice Of Default On $660 Million Voyager Loan

1 week ago
Morgan Creek

Morgan Creek Said To Be In Bid To Secure $250-M To Counter FTX BlockFi Bailout

1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.