The Latest in IT Security

Cloud Botnets Used for Mining Crypto-Currency

25
Jul
2014

Two security researchers used the free services of multiple cloud-computing businesses to create a botnet capable of mining a couple hundred dollars in crypto-currency on a daily basis. Bishop Foxs senior security associates Oscar Salazar and Rob Ragan have experimented with the resources of cloud services by creating numerous free accounts, which were used for Litecoin mining, a virtual currency used as an alternative to the more famous Bitcoin. The duo discovered that the online ser…

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