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Just a year later, miners are everywhere. Criminals are using different tools and techniques, such as social engineering campaigns or by exploiting cracked software, in order to affect as many PCs as possible.
As an example of the latter fraud method, Kaspersky Lab experts have recently discovered a number of similar websites offering ways for users to download free pirated software - popular computer programs and applications. To inspire confidence, criminals have been using domain names similar to the real ones. After downloading a piece of software, the user receives an archive that also contains a mining program.
This is then installed automatically, together with the desired software. The installation archive includes text files containing initialization information — wallet and mining pool addresses. A mining pool is a server that unites several participants and distributes the mining task among their computers. In exchange, participants receive their share of the cryptocurrency that is being mined much faster than they would if mining through only their own PC.
Because of architectural particularities, mining Bitcoins and other cryptocurrencies is currently a very resource-heavy and time-consuming operation, so such pools significantly increase the productivity and speed of cryptocurrency generation. As per the report by Kaspersky, incidents of illegal cryptocurrency mining substantially swelled with the rise in the value of cryptocurrencies in late and early And it experienced a downfall with the dip in the prices of the cryptocurrencies.
The effect of the dramatic decline of the crypto market on illegal cryptocurrency mining is yet to be observed. Trapping down the miners is difficult given that 70 to 80 percent harm occurs even before the victim becomes aware of it. Further, the re-profiling of the existing server has the ability to hide the owner from any detection by the legal bodies.
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