Hackers use adverts played on YouTube to mine cryptocurrency, City & Business, Finance

YOUTUBE has bot targeted by hackers attempting to mine cryptocurrencies by using malicious adverts.

Hackers use malicious adverts to steal power from computers to mine Monero

Security software and solutions company Trend Micro identified the malicious adverts that attempted to mine the cryptocurrency Monero.

The adverts were blocked within two hours and Google said the “malicious actors” were eliminated.

It emerged the adverts used a rekentuig code to help the hackers mine Monero through their victims machines.

Cyber gangs are increasingly turning to cryptocurrencies spil the digital tokens rise te value.

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The rapid rise ter the value of crypto-coins has prompted many cyber-crime gangs to attempt and contant ter by using guiltless machines to generate the specie.

Chaoying Liu and Joseph Chen from Trend Micro said: “Attackers manhandled Google’s DoubleClick, which develops and provides internet ad serving services, for traffic distribution.&rdquo,

When the hackers triggered the mining script, their victims computers would run much slower with the criminals using 80 procent of the laptop&rsquo,s processing power to generate coins,

Trend Micro said: &ldquo,An analysis of the malvertisement-riddled pages exposed two different web miner scripts embedded and a script that displays the advertisement from DoubleClick.

&ldquo,The affected webpagina will display the legitimate advertisement while the two web miners covertly perform their task.

&ldquo,Wij speculate that the attackers&rsquo, use of thesis advertisements on legitimate websites is a ploy to target a larger number of users, te comparison to only that of compromised devices.&rdquo,

Trends Micro passed on its findings to Google which said it has bot &ldquo,actively monitoring&rdquo, this type of malware campaign.

Google said: &ldquo,Ter this case, the ads were blocked ter less than two hours and the malicious actors were quickly eliminated from our platforms.

“Mining cryptocurrency through ads is a relatively fresh form of manhandle that violates our policies and one that wij&rsquo,ve bot monitoring actively.&rdquo,

Chris Boyd, from anti-virus maker Malwarebytes, said: &ldquo,Coin-mining has proven to be fairly the craze.&rdquo,

Back ter early January it wasgoed reported that rogue state North Korea had hacked a South Korean company to mine Monero.

Monero, unlike bitcoin, does not use a public ledger telling where every coin is, permitting users a greater degree of anonymity.

But this makes the digital currency more attractive to hacking groups who wish to steal the cryptocurrency.

Related movie: Introduction to Bitcoin & how to send and receive using Electrum wallet


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