RATE Group | Fear The PowerGhost Cryptocurrency Mining Malware
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Fear The PowerGhost Cryptocurrency Mining Malware

28 Jul Fear The PowerGhost Cryptocurrency Mining Malware

Posted at 06:40h in Cryptocurrency News by

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It’s estimated that hundreds of thousands of malicious programs are created every day. Kaspersky Lab has identified yet another serious cryptojacking threat, this time affecting business systems.

In research published July 26, 2018, Kaspersky Lab identified a new type of cryptojacker, which it dubbed PowerGhost for the malware’s ability to stealthily embed itself into a system and spread across corporate networks.

The malware has been recognized in business networks globally, including North America and Europe, but with the highest occurrences so far in India, Brazil, Columbia, and Turkey.

PowerGhost is a fileless cryptocurrency mining malware (also known as a cryptojacker) that can hide itself in one machine before spreading across every computer and server in a given network. Due to PowerGhost’s fileless nature, and the fact that it does not reside on a system’s hard drive, it can be missed by antivirus technologies.

Machines can be infected when using “exploits or remote…

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