Coinhive cryptocurrency miner to call it a day – Week in security with Tony Anscombe


[Music] Hi I’m Tony Anscombe and welcome to welivesecurity cybersecurity news. In this week’s news Coinhive, a cryptocurrency mining service that became famous after it began to be used for cryptojacking is now shutting down. In a blog post on Tuesday the German-based operators announced their inBrowser Monero Miner will be discontinued on March 8th. The shutdown is a result of not being able to monetize enough to be economically viable. Monero’s value has plummeted from more than four hundred dollars in late 2017 to around fify dollars now, so Coinhive has been used by some website owners to generate revenue by using Vista’s computing resources to mine for Monero, hopefully with the users’ consent. In other news Android is now certified for the fast identity online authentication standard allowing Google’s Android users to ditch passwords when logging in to apps and websites. Users will be able to sign in using fingerprint or compliance security keys.This places additional requirements on app developers and the standard only works on Android 7.0 or higher, which accounts for about 50% of the Android users out there. This is good news as biometric data is harder to steal or crack, and ultimately will enhance protection over time. After an emergency meeting of the Internet Corporation for Assigned Names and Numbers, a statement was issued urging all domain name service stakeholders to adopt a standard called Domain Name System (DNS) Security Extensions. There have been many reports that DNS servers across the world have been subject to DNS hijacking attacks. This presents an ongoing and significant risk to key parts of the Internet’s infrastructure. To find out more about these stories and other news, check out welivesecurity.com and I look forward to seeing you next week.

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