Monero Mining Malware Hits Russian Pipeline Giant Transneft

The world's largest oil pipeline reportedly had some of its computer systems affected by cryptocurrency mining malware.

AccessTimeIconDec 15, 2017 at 5:50 p.m. UTC
Updated Sep 13, 2021 at 7:16 a.m. UTC

The world's largest oil pipeline operator reportedly had some of its computer systems affected by cryptocurrency mining malware.

Russian pipeline giant Transneft, according to Reuters, recently had to clear malware from its systems that clandestinely mined the privacy-oriented cryptocurrency monero. It's not clear how many computers were impacted, but Reuters quoted a senior Transneft official who referenced multiple "incidents" during which the malware was discovered.

"Incidents where the company's hardware was used to manufacture cryptocurrency have been found. It could have a negative impact on the productivity of our processing capacity," Transneft vice-president Vladimir Rushailo reportedly told company executives during a meeting yesterday.

Transneft said that it has moved to shore up its cybersecurity systems in order to prevent those kinds of malware from being downloaded onto its computer systems.

The pipeline company is one of the most high-profile firms to date to be affected by the malware, which effectively operates in the background of a computer and uses spare capacity to mine cryptocurrencies.

Several notable websites have been impacted in recent months, including a pay-per-view platform for Ultimate Fighting Challenge and an on-demand video service run by Showtime.

According to a cybersecurity report published in October, the CoinHive monero mining software became the sixth-most malware that month.

Pipeline image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
First Mover Asia: Remember ICOs? You Would Have Made a Fortune if You HODLed; Bitcoin Slogs Toward $20K

Investors who purchased a breadbasket of blue chip coin offerings about five years ago would have generated an 819% return, even with the current bear market; most cryptos fell in Tuesday trading.

CoinDesk - Unknown
2
CoinDesk - Unknown
Compass Mining Seen Losing Maine Facility After Failing to Pay Power Bill

The most valuable crypto stories for Tuesday, June 28, 2022.

CoinDesk - Unknown
3
CoinDesk - Unknown
Crypto Jobs: Who’s Cutting and Hiring?

A running reckoning to layoffs and hirings in the cryptocurrency/blockchain industry.

CoinDesk - Unknown
4
CoinDesk - Unknown
Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says

Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank.

CoinDesk - Unknown