Thursday, 2nd July 2020
home Videos MoneroKon 2019 – How Criminals Are Mining for Free: Measuring the Crypto-Mining-Malware Ecosystem

MoneroKon 2019 – How Criminals Are Mining for Free: Measuring the Crypto-Mining-Malware Ecosystem





Illicit crypto mining uses stolen resources to mine cryptocurrencies for free. This threat is now pervasive and growing rapidly. In this talk, I will cover how this ecosystem is evolving, how much harm it is causing, and how can it be stopped. I will talk about the findings obtained after conducting the largest measurement of binary-based criminal crypto-mining to date. This measurement shows that criminals have illicitly mined about 4.32% of the Monero cryptocurrency (we estimate that this accounts for 57 million USD). We also observe that there is a considerably small number of actors that hold sway this crime. Furthermore, we note that there is an increasing level of support offered by criminals in underground markets, that allow other criminals to run inexpensive malware-driven mining campaigns. This explains why this threat has grown sharply in 2018.

Guillermo Suarez-Tangil is a Lecturer (Assistant Professor) at King’s College London (KCL). His research focuses on systems security and malware analysis and detection. He is also interested in detecting and preventing of Mass-Marketing Fraud (MMF) and security and privacy in the social web.

source

2 thoughts on “MoneroKon 2019 – How Criminals Are Mining for Free: Measuring the Crypto-Mining-Malware Ecosystem

  1. Botnets are good for the ecology, they usually use only one 1 core of CPU's that will sooner or later hit the junkyard.
    It's the most green hashrate on the network and I wouldn't be worried about 51% attack, one botnet will never be so big and big botnets are known to have low life span.
    They are mining to pools and care only about earning it this way, not by 51% which is impossible anyway.

  2. Hehe. coughs You should have had me as a speaker. I remember offering when someone asked me if I wanted to be a sponsor of event and I declined and made counter offer of a talk explaining how to make web miners avoid AV and adblockers, but with consent and for legit applications like gaming.

Leave a Reply

Your email address will not be published. Required fields are marked *