BARCELONA—AdSecure, the ad verification tool used by ad networks, ad operations teams and publishers, on Monday announced that it has added a new platform feature to its detection arsenal: Cryptocurrency Mining Detection. AdSecure developed this feature in response to seeing an upward trend in instances of malvertising being used by cyber criminals to use unsuspecting user’s browsers for mining cryptocurrencies.
Cryptocurrencies are “mined” (meaning new “coins” are created) using resource intensive algorithms. This makes the process more and more expensive for miners in terms of hardware and electricity as more coins are mined. This is the reason why they need to hook up to many computers in order to keep mining the cryptocurrencies; one solution that miners have found is to use user’s computers, without them knowing about it.
Mathieu Derval, product manager at AdSecure, commented, "The popularity of mining cryptocurrency within browsers is on the rise. In the last few weeks here at AdSecure, we have come across several cases of this new fraudulent trend. According to our first analysis, the cyber criminals were mainly interested in Monero, ZCash, Feathercoin and Litecoin, which can be mined with a standard CPU with little difference in overall results compared to running more advanced hardware. This new kind of malvertising attack points out once again the need for ad platforms and publishers to use an ad verification tool to protect their network, keep their reputation intact and keep their visitors safe."
AdSecure is currently in Beta testing, if you would like to find out more about incorporating AdSecure into your business please contact us, for more information or visit adsecure.com.