McAfee Labs Warns Over New Russian Monero Cryptojacking Malware ‘WebCobra’

November 14, 2018
112 Views

A further player has entered the crypto malware arena in the form of Monero miner WebCobra, a McAfee Labs analysis shows.

Internet security provider and research lab McAfee Labs has uncovered new malware which secretly uses consumer devices to mine Monero (XMR), a blog post confirmed Nov. 12.

Dubbed “WebCobra” and originating from Russia, the latest threat downloads one of two mining clients and uses the processor power of an infected device to generate coins for the perpetrators.

Displaying the more “classic” behavior of so-called “cryptojacker” malware, WebCobra runs almost without a trace, McAfee Labs says, the only noticeable difference for the end user being reduced hardware performance.

“Coin mining malware is difficult to detect. Once a machine is compromised, a malicious app runs silently in the background with just one sign: performance degradation,” researchers write, adding:

“As the malware increases power consumption, the machine slows down, leaving the owner with a headache and an unwelcome bill.”

As Cointelegraph previously reported, instances of such malware have shot up almost 500 percent in 2018, leading commentators to warn of an epidemic. Monero, as a cryptocurrency focused on privacy and anonymity, was reported as forming the preferred target for miners.

Last month, Google announced it would remove all extensions containing obfuscated code from its Chrome Web Store amidst efforts to combat covert crypto mining among other policy violations.

You may be interested

Crypto and Forex Scam Reports Tripled in the UK Last Year, Watchdog Says
Crime
26 views
Crime
26 views

Crypto and Forex Scam Reports Tripled in the UK Last Year, Watchdog Says

btcethereumadmin - May 21, 2019

Reports of cryptocurrency and foreign exchange scams in the U.K. grew threefold in the last financial year – spiking to…

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills
Crypto News
45 views
Crypto News
45 views

NYSE Arca Seeks Rule Change to List ETF Backed by Bitcoin and T-Bills

btcethereumadmin - May 21, 2019

NYSE Arca has formally applied to the Securities and Exchange Commission (SEC) for a rule change that would allow it…

Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested
Bitcoin
51 views
Bitcoin
51 views

Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested

btcethereumadmin - May 21, 2019

Summary: The market is seeing a current rejection of the weekly level outlined in 2018’s bull market. The zone between…

Leave a Comment

Your email address will not be published.