• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Price & Market
Cap Data from
Nomics Logo Nomics Logo
Bitcoinist.com
Join Student Coin ICO
No Result
View All Result
  • Home
  • 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
  • Trade
  • Play Games
  • Mining
  • Home
  • 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
  • Trade
  • Play Games
  • Mining
Bitcoinist.com
No Result
View All Result
Bitcoinist_Malware-as-a-service
Nexo

Malware-as-a-service Is A Cheap Way To Spread Bitcoin Ransomware

Jp Buntinx by Jp Buntinx
5 years ago
in Bitcoin, Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, News, News teaser, Services, Technology
0

Cyber security is on the minds of everybody in the technology world these days, yet hackers and internet criminals seem to be outsmarting the masses yet again. One particular cyber criminal syndicate is using malware-as-a-service through the Nuclear exploit kit.

Also read: Kaspersky Labs Outsmarts CryptXXX Bitcoin Ransomware Developers Again

Malware-as-a-service Is A Thing Now

Bitcoinist_Malware-as-a-service Check Point Security

Everything is being turned into some “as-a-service” model, whether it is technology, the blockchain, or in this case, malware. A syndicate of cyber criminals are using the Nuclear exploit kit to spread malware worldwide, and they control a total of fifteen active control panels. Up until now, no one has any idea as to who is behind this “business model”, although there are indicators Russian hackers are involved.

Check Point, a security research team, recently uncovered how the malware-as-a-service business model brings in roughly US$100,000 a month in revenue. That is a rather staggering amount, which goes to show how much interest there is by internet criminals to infect computers around the world with malware and ransomware.

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

By using these 15 Nuclear control panels, the malware-as-a-service providers infected nearly two million devices last month. Although the success rate was only 9.95%, that still leaves over 184,000 machines infected with malware. This number does not come as a complete surprise either, as exploit kits facilitate the execution of ransomware and banking Trojans remotely.

What makes the malware-as-a-service business model so dangerous is how cyber criminals help other malicious individuals attack unsuspecting users. Nuclear has been one of the top exploit kits for quite some time now, and it looks like this trend will continue for the foreseeable future.  

However, it is important to note this entire malware-as-a-service business model has a critical flaw, as there is a central point of failure. The master server for all of these portals is controlled by the service provider, which inserts a certain level of “trust among criminals”. If the service provider would be arrested, law enforcement may be able to shut down all of the other portals.

Check Point also reports that ransomware is the dominant payload for this malware-as-a-service business model. Their statistics indicate close to 110,000 Locky droppers have been sent out, leading to US$12.7m in financial losses for victims. However, it appears some of the Nuclear portals have already been shut down, according to the report, which is a rather surprising turn of events.

Are you concerned about the malware-as-a-service phenomenon? What can we expect from internet criminals in the future/ Let us know in the comments below!

Source: Check Point

Images courtesy of Shutterstock, Check Point

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

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
© 2021 Bitcoinist.com. All Rights Reserved.
  • Home
  • 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
  • Trade
  • Play Games
  • Mining

© 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.