Hackers target smartphones to mine cryptocurrencies

Agencies
August 23, 2018

Paris, Aug 23: Has your smartphone suddenly slowed down, warmed up and the battery drained down for no apparent reason? If so, it may have been hijacked to mine cryptocurrencies.

This new type of cyberattack is called "cryptojacking" by security experts.

It "consists of entrapping an internet server, a personal computer or a smartphone to install malware to mine cryptocurrencies," said Gerome Billois, an expert at the IT service management company Wavestone.

Mining is basically the process of helping verify and process transactions in a given virtual currency. In exchange miners are now and then rewarded with some of the currency themselves.

Legitimate mining operations link thousands of processors together to increase the computing power available to earn cryptocurrencies.

Mining bitcoin, ethereum, monero and other cryptocurrencies may be very profitable, but it does require considerable investments and generates huge electricity bills.

But hackers have found a cheaper option: surreptitiously exploiting the processors in smartphones.

To lure victims, hackers turn to the digital world's equivalent of the Trojan horse subterfuge of Greek mythology: inside an innocuous-looking app or programme hides a malicious one.

The popularity of games makes them attractive for hackers.

"Recently, we have discovered that a version of the popular game Bug Smasher, installed from Google Play between one and five million times, has been secretly mining the cryptocurrency monero on users' devices," said researchers at IT security firm ESET.

Growing number of attacks

The phenomenon is apparently growing.

"More and more mobile applications hiding Trojan horses associated to a cryptocurrency mining programme have appeared on the platforms in the last 12 months," said David Emm, a security researcher at Kaspersky Lab, a leading supplier of computer security and anti-virus software.

"On mobiles the processing power available to criminals is less," but "there is a lot more of these devices, and therefore taking in total, they offer a greater potential," he added.

But for smartphone owners, the mining is at best a nuisance, slowing down the operation of the phone and making it warm to the touch as the processor struggles to unlock cryptocurrency and accomplish other task.

At worst, it can damage the phone.

"On Android devices, the computational load can even lead to 'bloating' of the battery and thus to physical damage to, or destruction of, the device," said ESET.

However, "users are generally unaware" they have been cryptojacked, said Emm.

Cryptojacking affects mostly smartphones running Google's Android operating system.

Apple exercises more control over apps that can be installed on its phones, so hackers have targetted iPhones less.

But Google recently cleaned up its app store, Google Play, telling developers that it will no longer accept apps that mine cryptocurrencies on its platform.

"It is difficult to know which applications to block," said Pascal Le Digol, the country manager in France for US IT security firm WatchGuard, given that "there are new ones every day."

Moreover, as the miners try to "be as discreet as possible" the apps do not stand out immediately, he added.

How to save your phone

There are steps to take to protect one's phone.

Besides installing an antivirus programme, it is important "to update your Android phone" to the latest version of the operating system available to it, said online fraud expert Laurent Petroque at F5 Networks.

He also noted that "people who decide to download apps from non-official sources are at more risk of inadvertently downloading a malicious app".

Defending against cyberattacks of all kinds is "a game of cat and mouse", said Le Digol at WatchGuard. "You need to constantly adapt to the evolution of threats."

In this case he said "the mouse made a large leap", said Le Digol, adding cryptojacking could evolve to other forms in the future to include all types of connected objects.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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Agencies
July 24,2020

Pune, Jul 24: Agile and dexterous, 85-year-old Shantabai Pawar wields sticks with absolute ease as she displays 'lathi-kathi' on the streets of Pune.

A video of her, displaying her skills in the Indian martial art form for livelihood, has gone viral on social media.

Pawar told media persons that she learnt the art form when she was only eight and has been practising it since then. The ancient martial art s believed to be linked to Dombari community, a nomadic tribe in Maharashtra.

"I have been pursuing the art of lathi-kathi since I was eight. I have never left it. It is part of me and it is an honour to practice it. My father taught me this. He taught me to work hard," Pawar told media persons.

In the video, the sari-clad octogenarian takes a warrior-like stride and effortlessly rotates a stick several times in a second in her hand and around her head and then does it with two sticks together with a smile on her face. She also tosses a stick in the air and catches it with ease.

The assembled gathering is impressed and enthused.

"People come and say, 'Well done Daadi!' I practice it to earn money for my children and grandchildren," she said.

Pawar leaves her home in the morning in the conditions created by coronavirus and performs the art form on roads and streets.

"I go to various areas to perform the art form and people give money," she said.

The artiste also uses thali and stick to gather the attention of people as most of them are indoors due to conditions created by COVID-19.

Senior citizens have been advised against venturing out due to their greater susceptibility to coronavirus but Pawar said she is not afraid to step out.

"People do advise me to not go out due to fear of COVID-19 but I am not scared. Whenever I step out, I pray to my God and he has kept me safe so far," she said.

Aishwarya Kale, a dancer and the person who uploaded the video on social media, said that it is "only an artist who can understand what help another artist needs".

"I was in that area shopping for some items and it was then I saw her performing and thought that I should film her and upload her video on social media. But I never thought that the video would go viral and she would receive financial help not just from people in the country but overseas as well," Kale told media persons.

"She is now getting honour for her craft that she couldn't get in the last 85 years. I feel good that through my small video, her art form has become viral," she added. 

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Agencies
February 25,2020

Tokyo, Feb 25: Japan's Chitetsu Watanabe, recognized at 112 years as the oldest man in the world, has passed away 11 days after he received the Guinness World Record certificate, his family said on Tuesday.

Watanabe died on Sunday night, Efe news reported.

He received the official certificate on February 12 at a nursing home in Joetsu in Niigata prefecture, where he resided.

Soon after being certified as the oldest man, he began to experience a lack of appetite and respiratory problems, the wife of his eldest son told public broadcaster NHK.

Born on March 5, 1907 in a family of farmers, Watanabe moved at the age of 20 to Taiwan, where he worked at a sugar refinery for 18 years before returning to Japan after the end of World War II.

A fan of calligraphy, custard and ice cream, Watanabe told the Guinness team that the key to his long life was laughter.

He was recognized as the oldest male in the world following the deaths in 2019 of German Gustav Gerneth (in October), aged 114 years, and Japan's Masazo Nonaka (in January), at the age of 113, three months older than the German.

It remains to be seen who will be recognized after the death of Watanabe, the only male on the list drawn up by the Gerontology Research Group of the 30 oldest people in the world.

Japan has among the highest life expectancy in the world and the number of centenarians in the country has crossed 71,000, according to the latest government figures.

Since 2000, the number of centenarians censored has quintupled, raising concern for the economic outlook and future workforce of the country - where the birthrate is on a downward trend.

Out of these, 88 per cent are women.

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