financetom
Business
financetom
/
Business
/
Aditya Birla group gets 'cryptojacked', says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Aditya Birla group gets 'cryptojacked', says report
May 11, 2018 3:07 AM

More than 2,000 computers of many companies of the Aditya Birla group were victims of 'cryptojacking', The Economic Times reported.

This, reportedly is a new kind of cyber-warfare where the hackers misuse the terminals they are targetting and use their processing power to mine cryptocurrency and in this case, the cryptocurrency mined was Monero, which is untraceable and is known for huge price volatility.

The attack was first noticed last month at the group's subsidiary abroad, the report said. “It’s a kind of attack where 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 organisation to mine crypto coins,” a person aware of the attack told the paper.

“Aditya Birla Group has advance threat management systems that are constantly monitoring and protecting business critical applications and infrastructure in all Businesses. Recently, the advance 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," a spokesperson told the paper on Thursday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Merck's Dealmaking Intensifies With MoonLake Bid As Keytruda Patent Cliff Nears: Report
Merck's Dealmaking Intensifies With MoonLake Bid As Keytruda Patent Cliff Nears: Report
Jun 3, 2025
US drug giant Merck & Co Inc ( MRK ) reportedly approached Swiss biotech MoonLake Immunotherapeutics ( MLTX ) with a bid exceeding $3 billion. While MoonLake turned down the initial offer, talks may be revived. The potential deal signals renewed dealmaking activity as investor pressure has mounted on Merck ( MRK ) to secure new assets, especially as its...
Signet Jewelers Fiscal Q1 Adjusted Earnings, Revenue Increase; Fiscal 2026 Outlook Revised
Signet Jewelers Fiscal Q1 Adjusted Earnings, Revenue Increase; Fiscal 2026 Outlook Revised
Jun 3, 2025
07:28 AM EDT, 06/03/2025 (MT Newswires) -- Signet Jewelers ( SIG ) reported fiscal Q1 adjusted earnings Tuesday of $1.18 per diluted share, up from $1.11 a year earlier. Analysts surveyed by FactSet expected $1.00. Revenue for the quarter ended May 3 was $1.54 billion, up from $1.51 billion a year earlier. Analysts surveyed by FactSet expected $1.52 billion. Signet...
Vera Therapeutics Receives Up to $500 Million in New Credit Facility
Vera Therapeutics Receives Up to $500 Million in New Credit Facility
Jun 3, 2025
07:32 AM EDT, 06/03/2025 (MT Newswires) -- Vera Therapeutics ( VERA ) said Tuesday that it signed a new credit facility with Oxford Finance worth up to $500 million, replacing its previous $50 million agreement. The company said the initial $75 million funding is expected on Wednesday, and that the new loan will significantly reduce its borrowing costs, resulting in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved