Monday, December 3, 2018

Can the KingMiner mining malware attack impact crypto assets beyond Monero?

Colleagues, the KingMiner is the latest in a virtual tsunami of crypto mining malware attacks during the past year. First detected by cyber security experts at Check Point Software this malware has the ability to morph once it has penetrated the target host … thus making identification and mitigation much difficult than its predecessors. Check Point reports that KingMiner primarily targets Microsoft SQL and IIS server software for the purpose of mining Monero. While Monero only ranks 12th in market value among cryptocurrencies according to CoinMarketCap, the potential for KingMiner to capture 100% of GPU/CPU power of the targeted system is a real and present danger. Bottom line question: Does KingMiner have the ability to move beyond Monero and move up the cryptocurrency food chain and mine for Bitcoin Cash, Ripple, Ethereum and ultimately Bitcoin? We believe this worst-case scenario is highly unlikely. However, given KingMiner’s malicious success the potential for ‘copycat’ malware code with the similar morphing capability remains a serious threat. Share a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/

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