Author: Francisco Memoria

Venmo Has Defeated Many Big Banks and Here’s What You Need To Know

Mobile banking apps have made monetary transactions simple and less time-consuming. Consequently, some of the best names in this category are currently subscribed by millions of users and the number is only increasing exponentially.  Venmo definitely stands out in the list of online money transfer apps. The application has only been around for a decade but it looks like a majority of people are utilizing it to send and receive …
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Google Removes 300 Play Store Apps That Secretly Used Phones for DDoS Attacks

Android users generally assume Google’s Play Store is safe to use since the tech giant scans all its apps to ensure none contain malware. Every once in a while, however, hackers manage to get malicious apps past Google. Recently, according to reports, Google had to remove 300 apps from its Play Store as they were found to be using Android devices to launch distributed denial of service (DDoS) attacks. Hijacking Phones for Large-scale …
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Android App Allows Wannabe Cybercriminals to Create Custom Ransomware

Cybercriminals no longer need any coding experience to be able to make money extorting others. According to Symantec researchers, there is a new Android app spreading on Chinese underground forums allowing wannabe cybercriminals to create custom ransomware without having to write a single line of code. Creating Ransomware with an Android app The user-friendly app can be downloaded for free from Chinese hacking discussion boards. It is essentially a Trojan Development Kit (TDK) …
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Cryptocurrency Mining Malware CoinMiner Spreads Using NSA Exploit

Mining cryptocurrency can be extremely profitable, especially if you use someone else’s computer to avoid paying for expensive hardware or electricity. According to Japanese security firm Trend Micro, hackers have created malware known as CoinMiner that uses an exploit developed by the NSA to use victims’ computers to mine cryptocurrencies. Cryptocurrency Mining Malware According to reports, CoinMiner exploits a component in PCs known as Windows Management Instrumentation (WMI) and infects computers using …
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