Hackers Using Monero Mining Malware as Decoy, Warns Microsoft

{{ InlineImage1 }}

Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, warned Microsoft in a Monday report.

The company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with relatively conspicuous monero mining trojans this summer. Mining the crypto generated side cash for the group, but it also distracted victims from BISMUTH’s true campaign: credential theft.

Crypto-jacking “allowed BISMUTH to hide its more nefarious activities behind threats that may be perceived to be less alarming because they’re ‘commodity’ malware,” Microsoft concluded. It said the conspicuousness of monero mining fits BISMUTH’s “hide in plain sight” MO.

Related: CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings

Microsoft recommended organizations stay vigilant against crypto-jacking as a possible decoy tactic.

Related Stories

CoinDesk
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology through its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.
More articles by this source

Latest Articles

Data is currently not available