Yes! It is true. As per the news of Malwarebytes, A drive-by cryptomining campaign is increasingly troubling millions of Android users. It is a link campaign that brings users to specific websites in order to get access to their mobile devices. The aim of this campaign is to earn cryptocurrency by using people’s mobile phones. And the fact that people don’t use security applications or web filtering on their mobile devices is making the things worse.
The process uses malicious advertisements that are shown to users just like standard ads. But, these contain a Trojan that hijacks a user’s mobile phone without their knowledge. After the ad is clicked by the user, the code starts running and mine for the cryptocurrency by using the phone’s processor.
Then the scheme demands a captcha code that is exactly same (w3FaSO5R) for everyone. And until the code is entered and continue button is clicked, the device mine Monero at high speed maxing out the device’s processor. The code makes use of full power of the device for making money for the creators of malware.
While the people behind this malware are said to be making just a couple of thousand dollars for each month, the value of Monero is expected to increase exponentially sooner in the future because of the fluctuating nature of the crypto market. While the market is as of now in a droop, numerous cryptocurrencies are beginning to bounce back, there’s a probability that Monero will see continued gains that will make this malware justified, despite all the trouble.
Originally published at www.seasiainfotech.com.