Flash player has long been the favorite 'sleeper cell' of many malware developers.
Remember Flash Player? That handy-dandy web add-on that we all needed to play Insaniquarium in the early 2000s? Well, it’s still alive and kicking. And apparently, it’s become the new weapon of choice for crypto malware developers.
Palo Alto Networks recently published new research revealing a recent uptick in the number of malicious Flash installers that download cryptocurrency malware onto computers. More than a hundred unique malicious Flash installers have been discovered by the researchers since March.
Oddly enough, these pieces of malware do actually also install Flash.
Apparently, the fact that the malicious software actually does achieve the end result that the user is looking for is all part of the ploy to make it seem legitimate.
When the software is opened, it runs a secret installer for an open-source cryptocurrency miner known as ‘XMRig.’ The malware immediately begins to absorb the computer’s processing power and graphics card capabilities to start mining Monero, which is then sent to an anonymous wallet. This practice is called ‘cryptojacking.’
Flash Has Long Been Targeted by Malware Creators
This isn’t the first time that Flash has been used as a sort of ‘sleeper cell’ by hackers. TechCrunch reported that when the software itself isn’t being used as a vehicle for malware to sneak onto a computer, trojan horse-style viruses disguise themselves as Flash updates across every corner of the internet.
TechCrunch also said that the trend “became so much of a problem that Google began sandboxing Flash (and other plugins) in Chrome almost a decade ago because Flash-based malware was so prevalent.”
Nowadays, Flash is hardly necessary for anything that most people would do with any regularity on the internet. The need for it only arises once in a while, and it’s even set to be permanently retired by Adobe in 2020. Until then, resist the urge to play those online games--your computer will thank you later.
Remember Flash Player? That handy-dandy web add-on that we all needed to play Insaniquarium in the early 2000s? Well, it’s still alive and kicking. And apparently, it’s become the new weapon of choice for crypto malware developers.
Palo Alto Networks recently published new research revealing a recent uptick in the number of malicious Flash installers that download cryptocurrency malware onto computers. More than a hundred unique malicious Flash installers have been discovered by the researchers since March.
Oddly enough, these pieces of malware do actually also install Flash.
Apparently, the fact that the malicious software actually does achieve the end result that the user is looking for is all part of the ploy to make it seem legitimate.
When the software is opened, it runs a secret installer for an open-source cryptocurrency miner known as ‘XMRig.’ The malware immediately begins to absorb the computer’s processing power and graphics card capabilities to start mining Monero, which is then sent to an anonymous wallet. This practice is called ‘cryptojacking.’
Flash Has Long Been Targeted by Malware Creators
This isn’t the first time that Flash has been used as a sort of ‘sleeper cell’ by hackers. TechCrunch reported that when the software itself isn’t being used as a vehicle for malware to sneak onto a computer, trojan horse-style viruses disguise themselves as Flash updates across every corner of the internet.
TechCrunch also said that the trend “became so much of a problem that Google began sandboxing Flash (and other plugins) in Chrome almost a decade ago because Flash-based malware was so prevalent.”
Nowadays, Flash is hardly necessary for anything that most people would do with any regularity on the internet. The need for it only arises once in a while, and it’s even set to be permanently retired by Adobe in 2020. Until then, resist the urge to play those online games--your computer will thank you later.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Crypto Mining Company Argo Reduced Losses by 85% in 2023
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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