Business A.M
No Result
View All Result
Wednesday, April 1, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Cyber-Security

Hackers secretly mine cryptocurrency with Google Play Store apps on Android phone

by Admin
February 17, 2018
in Cyber-Security

Sophos, a British security software and hardware company in a statement revealed 19 Android apps that secretly mine the cryptocurrency Monero in the Google Play Store.

Monero is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, and FreeBSD.

The security firm has published a 13-page report, highlighting that it found apps containing “embedded CoinHive-based miners” in Google’s app store at the start of 2018.

One of the apps, Algorithms Data Structures C Beginner Tutorial App, was installed somewhere between 10,000 and 50,000 times before it was removed by Google.

Because the malicious “CoinHive” code is well hidden, criminals can use it to mine Monero on users’ devices without them having any idea that it’s happening. The only clue is that their device might slow down and become warm, because of the strain on the CPU. However, in some cases the hackers employ CPU throttling to prevent heating up of the device and conceal its presence.

The researchers found the malicious JavaScript code was typically hidden in an HTML file in the app’s ‘assets’ folder. The apps would then run these scripts in a hidden web browser within the app in order to mine Monero.

The Sophos report also identifies another new way cryptocurrency is mined on Android devices, using “third-party mining modules” such as CoinMiner. Researchers found these modules in tampered versions of popular applications on third-party websites, but also in some apps on the Google Play Store. These have since been removed by Google.


Hackers steal $6m from Russian bank via SWIFT system- central bank


“The rise of CoinHive and CoinMiner comes after the recent discovery of Loapi, which masquerades as popular antivirus apps or an adult content app,” the report explains. “It downloads and installs several modules, each of which perform a different malicious action such as sending device information to a remote server, stealing SMS, fetching advertisements, crawling webpages, creating a proxy and mining Monero.”

Sophos’ report follows Malwarebytes recent discovery of malware that can mine cryptocurrency on Android devices without any apps even being installed. The security company found a number of websites that could mine Monero providing a user successfully filled in a CAPTCHA.

To avoid falling victim to crypto mining, Sophos recommends avoiding installing apps from third-party app stores and, because some malware evidently manages to slip through the net on the Play Store, it also advises installing its own Mobile Security app for extra protection.

Admin
Admin
Previous Post

Nigeria sells $2.5bn euro bonds to replace debt

Next Post

Trump’s Tax overhaul could trigger global ‘race to the bottom,’ IMF warns

Next Post

Trump’s Tax overhaul could trigger global ‘race to the bottom,’ IMF warns

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Afreximbank anchors $1.35bn financing for Dangote Refinery refinancing

Afreximbank backs Dangote Refinery with $2.5bn stake in $4bn syndicated credit

April 1, 2026
Stanbic IBTC eyes direct real estate play with new development fund

Stanbic IBTC eyes direct real estate play with new development fund

April 1, 2026
GTCO leans on regional growth as Nigeria profit declines

GTCO’s total dividend up 59% as pre-tax profit hits N1.23trn

April 1, 2026
Gas supply disruption to OML 18 cuts power supply across 9 Abia LGAs

Aba Power guarantees electricity for Abia over Easter period

April 1, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Afreximbank anchors $1.35bn financing for Dangote Refinery refinancing

Afreximbank backs Dangote Refinery with $2.5bn stake in $4bn syndicated credit

April 1, 2026
Stanbic IBTC eyes direct real estate play with new development fund

Stanbic IBTC eyes direct real estate play with new development fund

April 1, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M