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A Strange Bitcoin-Mining Virus is Sweeping all over Russia

 

President Vladimir Putin's advisor has claimed that exactly 25% of computers in Russia are infected with a malware known as cryptocurrency mining.

 

According to Moscow-based news service RBC, Herman Klimenko, advisor to Putin on matters related to internet, lately informed a homely broadcaster that 20-30% of devices are estimated to be infected with this virus.

 

Mining is an energy rigorous method through which new dealings are added to a blockchain and in the process, producing new coins for the miner. Long ago, cybercriminals need to generate funds with the help of malicious software to successfully seize computers remotely and use their power of process to mine.

 

Not like usual currencies, bitcoin and other cryptocurrencies can be "mined" when users apply computing power to add transactions to the digital blockchain. The method is particularly designed to process power-intensive for computers which keep the influx of "new" bitcoins steady. But you can mine more bitcoins and make money by working on more computers and applying more power to it.

 

In China, vague organizations frequently set up secretive server farms with computers linked with mass-mining bitcoins. Inverse.com posted on July 25th, 2017, stating that the hackers are attempting to institute the same thing - a massive network all feeding bitcoins back into their own accounts.

 

As per RBC, other experts of cybersecurity are also ruling the claims of Klimenko wrong. In the case of WannaCry, the perpetrators managed to accumulate $50-100,000.

 

Kapersky Lab, developer of anti-virus software of Russia, informed the news service that its statistics reveals that mining malware has targeted approximately six of its customers since the beginning of 2017. Doctor Web, another anti-virus vendor in Russia, also pointed out that the correct number of infected devices is much less than the number what the advisor of Putin claimed.

 

Early this month, research lab Group-IB in Russia warned about a domestic Android virus circulating consumer devices which would gain entry to and drain out any associated bank accounts.

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