A look into the global drive-by cryptocurrency mining phenomenon [source: malwarebytes]
An important milestone in the history of cryptomining happened around mid-September when a company called Coinhive launched a service that could mine for a digital currency known as Monero directly within a web browser.
However, many web portals started to run the Coinhive API in non-throttled mode, resulting in cases of cryptojacking—utilizing 100 percent of the victims’ CPU to mine for cryptocurrency with no knowledge or consent given by the user.
We decided to call this new phenomenon drive-by mining, due to the way the code is delivered onto unsuspecting users, very much like drive-by downloads. There’s one important caveat, though: There is no malware infection at the end of the chain.
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29 May 2018 - News Clipping