Crypto-Mining Malware Epidemic: 55% of Businesses Affected Worldwide, Including YouTube

Another case of “cryptojacking” was detected on YouTube and resolved by Google over the course of this week, Ars Technica reported Friday, Jan. 26. According to the report, anonymous hackers have managed to run ads on YouTube that consumed the visitors’ CPU power and electricity in order to mine cryptocurrencies for the attackers.

The users started posting complaints on social media this week telling that their antivirus programs detected cryptocurrency mining code in the ads that have been displayed to them by Youtube.

According to the report of the cyber security company Trend Micro, the attackers have managed to place mining malware on YouTube via the Google DoubleClick advertising platform. The ads disproportionately  targeted users from JapanFranceTaiwanItaly, and Spain.

The vast majority – ninety percent – of ads were using JavaScript code provided by Coinhive, a controversial cryptocurrency mining platform that allows its subscribers to earn income by using other people’s computing power in an unauthorized manner.

As has been discovered by Trend Micro on Friday, the YouTube ads have been responsible for a threefold increase in Web miner detections worldwide…

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