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Cryptojackers from Blue Mockingbird Group Infect Thousands of Enterprise Systems to Mine Monero (XMR)

News
Mon, 05/25/2020 - 17:18
Alex Dovbnya
Cryptojacking group Blue Mockingbird has already managed to infect thousands of enterprise computers by exploiting a popular vulnerability
Cryptojackers from Blue Mockingbird Group Infect Thousands of Enterprise Systems to Mine Monero (XMR)
Cover image via stock.adobe.com
Contents

According to a new ZDNet report, Blue Mockingbird, a group of cryptojackers, has managed to gain unauthorized access to enterprise systems in order to mine Monero, a popular privacy-focused cryptocurrency.

Denver-based cybersecurity technology company Red Canary claims that the group of hackers behind this most recent illegal mining campaign has been active since late 2019.

A widespread vulnerability  

The report states that Blue Mockingbird is so far responsible for about 1,000 infections over a relatively short period of time.

However, the firm notes that the scope of the cryptojacking operation might be underestimated.

In order to infiltrate enterprise systems, the hackers behind Blue Mockingbird were able to exploit a rather common security vulnerability in the Telerik ASP.NET UI product.

Companies are encouraged to monitor their servers in order to detect a Blue Mockingbird attack early on.

Back in April, Hacker News reported that another botnet called ‘Vollgar’ had compromised thousands of Microsoft servers to mine Monero.  

Monero as the source of monetizing 

Monero allows obfuscating the information about the sender and the receiver of a certain transaction. This makes it the most popular choice with cryptojackers who have switched from energy-intensive Bitcoin to anonymity-focused altcoins. 

Cybersecurity provider ESET revealed that cryptocurrencies became the main source of monetization for the Stantinko botnet that has been around since 2012.

Recently, the Slovak firm also revealed new obfuscation techniques that are used by the botnet to bypass detection.

Usually, cryptojacking campaigns pick up pace in tandem with the price of Monero. This was the case last year when the leading privacy coin reached $115 last summer. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)