It takes 16,000 phones to mine for £1k of cryptocurrency

Cybersecurity firm Avast is using its presence at Mobile World Congress in Barcelona to expose the security vulnerabilities of the Internet of Things (IoT). It is doing this by mining Monero, the popular cryptocurrency, using a smart TV.

Research from the firm suggests that 15,800 devices would be needed to mine just $1,000. As a result, cyber criminals are mounting mass attacks to pass the costs of mining onto strangers.

“The costs involved in mining are so high that profit from cryptocurrency mining is very low, encouraging cybercriminals to attack not tens of thousands, but millions of devices.

See: It takes 16,000 phones to mine for £1k of cryptocurrency

The House That Spied on Me

“In December, I converted my one-bedroom apartment in San Francisco into a “smart home.” I connected as many of my appliances and belongings as I could to the internet: an Amazon Echo, my lights, my coffee maker, my baby monitor, my kid’s toys, my vacuum, my TV, my toothbrush, a photo frame, a sex toy, and even my bed.”

“The reason I smartened up my house was to find out whether it would betray me.”


The House That Spied on Me


University of Surrey to open new £4million nano-manufacturing hub

Nano-manufacturing Hub for smart materials and self-powered electronics:

The Engineering and Physical Sciences Research Council (EPSRC) has awarded £1.6m to the Advanced Technology Institute (ATI) and the 5G Innovation Centre (5GIC) at the University of Surrey to establish a hub that will make the manufacturing of smart materials and self-powered electronics a reality in the UK.

The £4.2m project, supported by 32 partner organisations, was co-developed with QinetiQ and the National Physical Laboratory (NPL).