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AEC v1.0.4

Cyber Security Info

Mobile cryptocurrency mining malware

March 27, 2014

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Although cell phones are very ineffective for mining crypto currencies, sevral types of malware utilizing Android smartphones for mining have been found. Lookout describes malware Coin Krypt used for mining Litecoins, Dogecoins and Casinocoins. Mobile malware usually focuses on these alternatives since the computational power to mine them is much lower than with the well known Bitcoin. One of the measures to avoid installing malware is to use only official app stores. However, Trend Micro has found two apps with coin mining functions even in the official Google Play Store. These apps were downloaded by millions of users and can result in overheating and significantly reduced battyry life of the device.

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