Android Malware found on Google Play Store mines Cryptocurrencies
Mar 28, 2014
Cyber criminals are more business-minded than you might expect. As the business has moved to greater use of mobile and non-Windows computers, so cyber criminals have adapted techniques monetize their efforts. Security researchers at Lookout Mobile Security discovered that various apps uploaded to Google Play Store containing hidden Coinkrypt android malware, that can turn your mobile device into crypto-currency miners. As we know, coin mining is the key component for digital currencies, so the malware uses a botnet of infected Android Smartphones to mine for currency. Such malware does not steal data. Instead, they are capable of mining Bitcoin , Litecoin and Dogecoin using the victim's device. " Mining can be incredibly resource-intensive and, if allowed to run without any limits, could potentially damage hardware by causing it to overheat and even burn out. " researchers said. The Antivirus firm Trend Micro also spotted two apps named - ' Song...
