In a case involving crypto jacking, four hackers have been arrested by the police in an illegal crime which targeted about 6000 computers. This is the first time in the history of South Korea that a crime against crypto jacking has ever taken place.
Cryptojacking can simply be referred to as a habit or a practice of using the processing power of a computer for the purpose of mining digital currencies otherwise known as cryptocurrencies. This is usually done without the approval or consent of the owners of that cryptocurrency. The National Police which is interested in cyber activities has issued a statement saying that the four hackers were no longer in the detention of the police but were very likely to face charges in court relating to the infection of more than 6000 computers with malware which was aimed at mining cryptocurrencies. This malware was being concealed through the application of jobs which was being sent through email.
THIS IS THE FIRST TIME IN THE HISTORY OF SOUTH KOREA THAT A CRIME AGAINST CRYPTO JACKING HAS EVER TAKEN PLACE
This malware had achieved a considerable measure of success throughout the two months which it has been in operation and the hackers had gotten cryptocurrencies worth over $895 mined successfully. The cryptocurrency which was supposedly mined by these hackers was the Monero currency which is also simply known as XMR. These cryptocurrency has been subject to a lot of crypto jacking issues in recent times through the use of the Coinhive tool or code which was specifically created with the purpose of mining the currency through the browsing system.
This has led to a small percentage of all existing Monero coin to be mined illegally through the use of that tool around the world. It is also noted that this crime is the very first serious case which the police authorities have been involved in. also, it was noted that the job applications where the malware was reportedly concealed actually looked like real job applications. These job applications would then make its way to the human resource personnel of the company and infect their computers which would most likely always be in use. This hacking strategy has in the process infected more than 30,000 computers and rendered them part of the illegal mining process.
The police which is investigating into this issue confirmed that though the systems were mostly infected successfully, the anti-virus mechanisms were quick to pick out the malware. This usually took just 5 days for the security firms to realize what was going on. The issue is being handled by the police and further investigations are being made.
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