Scammers pounce on internet-for-rent services, generating cryptocurrency in quiet

As if ransomware and email fraud didn’t already create enough revenue for cybercriminals, scammers now are auctioning access to their victims’ internet connections in an effort to find more profits. Hackers are seizing on a category of legitimate digital services that allow internet users to rent out access to their web connection in exchange for a small payment. While the stated goal of each of these services varies — one, Honeygain, markets itself as a tool for “effortlessly” earning a “passive income” — they typically promise to enable broadband customers to collect a fee every time an outsider connects to their hotspot. The promise of using an emerging technology to earn a quick buck has been enough to generate consistent engagement on forum sites like Reddit. Hackers are watching, too, of course. Fraudsters are “taking multiple avenues to monetize these new platforms” for their own gain, Cisco’s Talos threat intelligence […]

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