Capital One Hacker Used Stolen Data to Mine Cryptocurrencies

Paige Thompson, the former Amazon employee accused of breaching credit cards issuer Capital One, is also believed to have hacked the cloud servers of 30 other companies to mine Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

The Seattle woman didn’t exploit backdoor vulnerability on victims’ devices to find her way into the servers. Instead, she was able to go in right through the front door, providing the username and password of the server’s administrator.

The software engineer had already got access to Amazon Web Services (AWS) servers and managed to steal sensitive data including credit cards codes, email addresses, dates of birth, income and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term history, plus the Social Security numbers of about 140,000 customers.

Capital One revealed in July that more than 100 million of its customers had their personal data exposed in a hack. The hack also affected 6 million in Canada, and the leaked data was used for hijacking the resources of comprised machines to solve mathematical problems and collect cryptocurrency rewards.

The alleged hacker Thompson, who also reportedly goes by the online handle “erratic,” was charged with a single count of computer fraud and abuse, but is likely to face new charges related to the additional crypto hacks.

Cryptojacking has been a rampant practice

US prosecutors said in new court documents filed Wednesday the fraud was discovered on July 19, but customers weren’t informed until July 29. The alleged operator favored leveraging the leaked data in cryptojacking which involves the unauthorized use of someone else’s computer to mine cryptocurrency.

The term also refers to either getting the victims to click on a malicious link to load cryptomining code on the computer or by infecting a web resource with JavaScript code that auto-executes once loaded in the internet browser.

Cryptojacking, which is also known as cryptomining malware or coinjacking, has been a rampant practice. As Finance Magnates previously reported, instances of such malware have shot up over the last two years, leading commentators to warn of an epidemic.

More generally, cybersecurity company McAfee revealed that instances of crypto-mining malware saw a 4000-percent increase in 2018.