BlackBerry partners with Intel to launch a cryptojacking detection system

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The software company and former smartphone manufacturer, BlackBerry, has partnered with Intel to launch a crypto mining and cryptojacking detection system for Intel-based business computers.

According to the announcement, BlackBerry launched „BlackBerry Optics v2.5.1100,“ which is based on the BlackBerry Optics Context Analysis Engine, or CAE, to leverage Intel Threat Detection Technology’s CPU telemetry to provide businesses with advanced malware software. The main objective of this software is to detect cryptojacking attempts.

Ransomware attacks are increasing in the education sector
Runs on Windows 10

Since there is virtually no impact on the processor, organizations could use the software to mitigate and detect such threats with „greater accuracy and consistent results. The software works on all types of workloads running on the Windows 10 operating system.

BlackBerry cites a previously released Cointelegraph study called the Verizon 2020 Bitcoin Loophole Investigation Report. This report indicates that about 10% of organizations received (and blocked) crypto-mining malware at some point throughout the year.

Singapore records a 300% annual peak in cryptojacking attacks in the midst of the coronavirus outbreak

Cryptojacking as a growing threat
Josh Lemos, vice president of research and intelligence for BlackBerry Cylance, said that given the cost associated with crypto currency mining and payments for declining ransomware claims, cryptojacking is „an attractive option“ for threat players to generate revenue:

„With our new cryptojacking detection and response capabilities, we aim to make cryptojacking a thing of the past by providing companies and their employees with a decisive solution that allows them to thwart cryptojacking attempts and ensure that their software and hardware are used for the intended purpose.

Researchers detect ambitious Bitcoin mining malware campaign targeting thousands daily

In addition, Stephanie Hallford, Intel’s vice president of the customer computing group and general manager of commercial customer platforms, said

„Building on the Intel vPro platform created for business, enabled by Intel Hardware Shield, BlackBerry leverages hardware visibility to provide advanced security protection, and we applaud them for this release.

Cointelegraph reported on June 6 on data released by Russian cyber security firm Kaspersky. This data indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.

On April 6, cybersecurity researchers identified a persistent and ambitious campaign targeting thousands of Docker servers daily with a Bitcoin Miner (BTC).