First Large-Scale Crypto Jacking Strike in India Targets Conglomerate

The third largest conglomerate in India, Aditya Birla Group, was targeted in what is believed to be the first large-scale crypto jacking attack of its kind in India.

 Over 2,000 computers affected

Hackers were able to gain access to over 2,000 computer systems belonging to various companies governed by the Aditya Birla Group, taking over the computers’ terminals and processing power to illegally mine cryptocurrency.

While the attack was first detected last month, reporting from the Economic Times notes that it took just a few days for the malware to infect areas of the manufacturing and additional services belonging to the Aditya Birla Group.

A person familiar with the attack spoke to the Economic Times, describing the attack as one in which ”the primary intention of the hackers is not to steal information and cause business disruption. Rather, they hijack the target’s computers and tap the power supply to the organization to mine crypto coins”.

Addressing reporters, a Birla Group spokesperson said: ”Recently, the advanced threat detection systems of our Group alerted us of suspicious activity on some desktop systems. Based on this, our internal team immediately carried out an investigation and deployed countermeasures to isolate and eliminate the cause of this activity.”

Bigger enterprises mean bigger gains for hackers

The Birla Group spokesperson was able to assure the public that with the comprehensive investigation nearly being complete, the hack was not subject to any data loss. Hackers were instead able to mine what has been described as a substantial amount of Monero.
It is common for hackers to target larger establishments, as they are able to provide the potentially largest gains. Universities are known to be another target rich environment hit by hackers.
It is important to note, however, less than 1% of Bitcoin transactions involve illicit activities. While in this case, Monero was the cryptocurrency mined in the illegal process, there is no specific data indicating how frequently it is involved with fraudulent activities.

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