Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking Scheme

News Bytes - Nebraska Man Faces 50 Years for Multi-Million Dollar Cryptojacking SchemeUnited States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization. Parks, who was arrested in Nebraska and faces up […]

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HP-Branded Servers Hijacked to Mine $110,000 Worth of Cryptocurrency

HPHackers recently took control of a group of HP-branded servers and used them to remotely mine a cryptocurrency called raptoreum, according to reports. This resulted in the compromised cluster of HP machines becoming the biggest contributor to the total mining pool of the cryptocurrency, allowing attackers to rake in $110,000 worth. The coins are said […]

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Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils

Russia, US in Top 3 by Crypto-Related Threats, Cybersecurity Report UnveilsThreats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats […]

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Intel Partners With Microsoft to Combat Cryptojacking Attacks by Deploying a Threat Detection Tool

Intel Partners With Microsoft to Combat Cryptojacking Attacks by Deploying a Threat Detection ToolAlthough recent studies have been showing a slowdown in cryptojacking activities, especially the ones related to mining privacy coins, Intel remains on the hunt to crackdown on such activities. The tech giant has partnered with Microsoft to deploy a campaign that strengthens cryptojacking detection with new technologies. Tool Could Trigger Multiple Detectors to Halt Any […]

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