YOUR smartphone could be HACKED and used to mine cryptocurrency, cybersecurity firm warns

YOUR smartphone could be HACKED and used to mine cryptocurrency, cybersecurity firm warns
 

In fact, the firm claims if hackers were to hijack 15,000 internet-connected devices, they would be able to mine $1,000 worth of the monero cryptocurrency in just four days.
Mining is the process of verifying transactions on a cryptocurrency network by solving complex mathematical problems with high-powered computers.
Avast, which is based in Czech Republic demonstrated the claim on Wednesday at Mobile World Congress in Barcelona, Spain.
The potential behind such a hack is colossal given that by 2020 there will be over 20 billion internet-connected devices, according to research firm... read more

 
1 March 2018 in Business, Views: 93
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