Wednesday, January 31, 2018

Beware, A CryptoCurrency Mining Malware Called WannaMine is On The Rise

Cryptocurrency is taking over, we saw a new article a few weeks ago how American musician and rapper known as 50cent made over $8million in cryptocurrency plus other success stories. Meanwhile, while some individuals work hard to make investments on crypto and earn while at it, some individuals are hellbent on devising ways to steal these currencies. Now, a new cryptocurrency mining malware known as WannaMine is on the rise now.
A CryptoCurrency Mining Malware Called WannaMine

WannaMine is somewhat sounding like WanaCry was brought to light by security researchers at Panda Security. They claimed that they have found a crypto jacking malware in October 2017 which was fueled by NSA’s EternalBlue Exploit. WannaMine malware actually uses Windows Management Instrumentation and Powershell to run the script that quietly mines Monero crypto coin.

This is another unwelcoming development that will remind you of the immediate threats brought to you and me by hackers who are constantly trying different methods to mine cryptocurrency using victim’s CPU Power and the latest malware which is known as WannaMine hijacks victim’s CPU cycles to mine Monero.

The WannaMine malware is so so powerful that it had crippled the operations of some companies for days and even weeks, CrowdStrike, another security research firm reported that they have observed an increase in the number of WannaMine infections in the last couple of months.

How Does The WannaMine CryptoCurrency Mining Malware Works?

It was also reported that the WannaMine malware uses Windows Management Instrumentation and Powershell to run the script that quietly mines Monero and it doesn’t download or use any file to infect a system. So, you can say that the malware performs the file-less operation on your system/network which makes it very difficult to detect and stop the malware. So how in the world does this strings of wicked code latch itself onto your CPU like a parasite?

The malware uses some advanced techniques t spread itself within the network. First, it uses the Mimiktaz tool to extract the login credentials of a system and if it fails, it uses the popular EternalBlue exploit to attack the remote system.

Well, to trap the victims, hackers are spreading WannaMine malware via a malicious link in an email or website. After infecting the machine, the hacker can initiate a remote access attack on the target. This is also another reminder to always be cautious with the emails and links you open.

According to the reports from CrowdStrike, WannaMine is different from WannaCry or .Cerber3 ransomware, it doesn’t lock people out of their computers, and it also doesn't request for any Ransome as we've seen from most ransomware in the past because they are already producing digital money. 

Also Read:   Are You Using Bitcoin? Here are 10 Interesting Facts About Bitcoin That You Must Know

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