A Russian porn site is delivering malware that uses the victims’ computers to mine bitcoins, according to research from ThreatTrack Security.
The malware, named “Fareit,” has been circulating on the Internet for at least six months and infects Windows computers. It has been modified to “mine” the virtual currency, said Dodi Glenn, manager of ThreatTrack Labs, a security company that was spun off from GFI Software last month.
Bitcoin is a virtual currency that can be transferred for free using peer-to-peer software. New bitcoins are created by mining, or contributing computing power that is used to verify transactions, which are entered into a public ledger called the blockchain.
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