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Adobe Flash Player Updates Could Contain Crypto Malware

Palo Alto Networks warned this week that fake Adobe Flash Player updates carrying cryptocurrency mining malware are on the increase. In its latest blog post, the cybersecurity company reveals that it has uncovered more of the fake Flash updates during its work and research than ever before. These fake updates use pop up notifications from the official Adobe installer. If the update is run by the system user, it will add cryptocurrency mining malware like the XMRig cryptocurrency miner. It may also update the system’s Flash Player to the latest version, making it less likely for a user to notice the malware. Once embedded, cryptocurrency mining malware will run in the background of an operating system, mining cryptocurrency. The malware may or may not be identified by a user’s antivirus protection. Cryptocurrency mining malware can also be spotted if a system’s resources suddenly come under pressure, or the processor seems to be running constantly. Malware may be identified in the Windows Task Manager as an unusual program using system resources. Malware on the Increase Palo Alto Networks spotted Windows executable file names with the prefix “AdobeFlashPlayer” originating from non-Adobe cloud-based web servers. The servers belong to, or have been utilized by, the hackers. Since March 2018, Palo Alto has noticed an increase in these occurrences — peaking during the month of September. In a test of one fake update, Palo Alto found the mining malware to be mining Monero, commonly used by attackers due to its anonymous nature. McAfee Labs Threats Report for September 2018 found that though new types of all malware were less frequent so far in 2018, total occurrences of malware continued to rise. Incidences of malware have continued to increase since 2016. Protection Against Cryptocurrency Mining Malware Palo Alto Networks concluded that more knowledgeable PC users, or those running antivirus and system protection, were much less at risk than others. Regular system and antivirus updates will make it more likely for malware to be identified either before or after installation. System users should investigate further if their system suddenly slows, or appears to be using more resources than usual. If running pop-up updates, users should check their origins and file names which may indicate a non-genuine install. Cryptocurrency mining malware is just one type of malware to reward hackers in cryptocurrency. More malicious malware like Combojack and other clipboard hijackers will instead wait on a users system until they find cryptocurrency wallet addresses copied to the operating system’s clipboard. When the user tries to paste the wallet address to an exchange or for a transfer, the malware will replace the user’s wallet address with that of the hacker. Unsuspecting victims can end up transferring cryptocurrency balances directly to hackers. Cybersecurity company Carbon Black warned recently that $1.1 billion has been stolen from cryptocurrency investors — including via malware attacks — in just the first half of 2018. Have you been affected by malware plaguing Adobe? Tell us how in the comments below! Images courtesy of Bitcoinist archives, Shutterstock. The post Adobe Flash Player Updates Could Contain Crypto Malware appeared first on

Hackers Hides Cryptojacking Malware in Fake Adobe Flash Updates

A new research from cyber security company Palo Alto Networks reports signs of crypto-miner malware in the fake Adobe Flash updates. Although not a new hacking tactic, the latest analysis shows a significant spike in Adobe Flash updaters which can go on and hide in the background and do damage to Windows systems. Cryptojacking occurs when an attacker uses a malicious software program to gain access to another user’s computer. Instead of stealing credit card data or passwords, the hacker’s goal is to take control of the device and redirect the machine’s computing power to mine cryptocurrency. However, this latest iteration is proving to be noticeably more efficient. The implication of this unpleasant scenario is that a potential victim may not notice anything out of the ordinary while an XMRig cryptocurrency miner or other unwanted program is quietly running in the background of the victim’s Windows computer. The fake updates are delivered to victims via web pop-up windows and use authentic-looking branding to increase the chances of a download. If a victim clicks through to the download the user gets a warning about installing software from an unknown publisher — something that should be a security red flag. But if this warning is ignored, the cryptocurrency miner is secretly downloaded onto the system, with nothing in the way of prompts to give away that this action is taking place. Writing in a post exposing the scheme, Unit 42 threat intelligence analyst Brad Duncan said: “As early as August 2018, some samples impersonating Flash updates have borrowed pop-up notifications from the official Adobe installer. These fake Flash updates install unwanted programs like an XMRig cryptocurrency miner, but this malware can also update a victim’s Flash Player to the latest version.” While the number of users infected by the XMRig is unclear, the researcher said the indication of the infection in the computer is “likely taking a pretty serious performance hit right now. Hackers Hides Cryptojacking Malware in Fake Adobe Flash Updates Read More Via the Link Below Source

Fake Adobe Flash Updaters Distribute Monero Mining Malware

Malicious cryptocurrency mining software remains a very big threat to consumers. Palo Alto researchers note an increase in fake Adobe Flash updaters. A growing number of these fake tools tend to distribute crypto mining malware once installed. Beware of Fake Flash Updaters Despite a growing push to adopt HTML5, Adobe’s Flash Player is still very common. A lot of online video content can only be viewed by using this particular browser plugin. As is the case with any form of software, the Flash Player needs to be upgraded whenever Adobe releases a patch. That creates an opportunity for criminals to strike. Research by Palo Alto lays out a very worrisome scenario. An increase in the number of fake Adobe Flash updaters is cause for concern. That situation is only compounded when these fake tools deliver crypto mining malware payloads. Other types of malware being distributed include information stealers, and even ransomware. Most of the fake updater tools cannot be distinguished from genuine products. This is primarily because few consumers pay attention to what the genuine updater should look like. The wave of Adobe Flash Player updates over the years allows for “fake notifications” to be seen as yet another mandatory change. The displayed notifications even look similar to those Adobe pushes to users. More worryingly, recipients will also get the legitimate update in the process. This further masks any nefarious activity. Another Attempt at Malicious Monero Mining This latest effort is another example of how profitable cryptojacking is for criminals. Numerous methods of attacks have been explored over the past few months. One successful example is the attack against unprotected routers. When thousands of devices begin mining Monero, criminals can earn a relatively big paycheck in the process. The exact earnings from cryptojacking remain unclear because of Monero’s private and anonymous nature. Thankfully, the Monero community is stepping up its game. A new initiative has been launched to warn about the dangers of mining malware. Although it may fall on deaf ears a proactive approach is more than warranted at this time. This new wave of fake Adobe Flash updaters shows such warnings are direly needed. Consumers need to be made aware of these pressing problems threatening their devices. When legitimate activity can be used to mask malicious crypto mining, things are not looking positive. It is up to consumers to take the necessary precautions regarding these problems. Steering away from unknown websites remains the best course of action. Moving away from platforms relying on Adobe Flash may be an extreme measure, although it has some merit as well. What do you think about the latest cryptojacking scheme? What are you going to do to avoid it? Let us know in the comments below. Images courtesy of ShutterStock The post Fake Adobe Flash Updaters Distribute Monero Mining Malware appeared first on Live Bitcoin News.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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