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Ukraine Police Arrests Man For allegedly Placing Mining Malware Scripts On His Own Websites.

In line with a recent official ‘report‘ published, Ukraine’s Cyber Police have arrested a man for allegedly placing cryptocurrency mining malware scripts on his own websites.

The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region allegedly accused of ‘cryptojacking‘ software on a number of academic websites that he created & administered.

The websites and web resources had 1.5 Mln monthly users, the police reported.

The police conjointly added that the installed malware/scripts on the websites was deploying visitors devices’ GPU & CPU power to illicitly mine crypto-currencies.

The authority has conducted an investigation within the house of the alleged cyber criminals & seized his computer equipments, bank cards, hard drives and notes for launched criminal proceedings. In line with the report, the miner faces imprisonment for a term of up to 6 years.

Cryptojacking ‘malware’ activity has seen tremendous growth recently, with cybersecurity firm ‘McAfee Labs’ ‘reported‘ in late Dec. that the total instances of cryptojacking malware rose by over 4,000% last year.

Recently, AT&T Cybersecurity reported that cryptocurrency mining is one amongst the foremost observed purposes of hackers that attack businesses’ cloud infrastructures. Earlier in Feb., on-line cryptocurrency mining firm Coinhive ‘proclaimed‘ that the service is shutting down since it reportedly become economically inefficient.

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