ESET researchers have recently discovered an unknown cryptomining botnet, VictoryGate that has been active since at least May 2019, and is composed mainly of devices in Peru, where over 90% of the infected devices are located.
The main activity of the botnet is mining Monero cryptocurrency. The victims include organizations in both public and private sectors, including financial institutions. Thanks to data obtained during this research and shared with the nonprofit Shadowserver Foundation, at least a portion of the botnet operation has been disrupted.
It is estimated that at least 35,000 devices became infected with VictoryGate at one point or another during this campaign. The only infection vector used for spreading VictoryGate is via removable devices.
“The victim receives a USB drive that at some point was connected to an infected machine. It seemingly has all the files with the same names and icons that it contained before being infected. Because of this, the content will look almost identical at first glance. However, all the original files were replaced by a copy of the malware,” says ESET researcher Alan Warburton, who investigated the botnet. “When an unsuspecting user attempts to open one of these files, the script will open both the file that was intended and the malicious payload.”Warburton also warns about the impact on victims’ machines and said “There is very high resource usage by the botnet, resulting in a constant 90% to 99% CPU load. This slows down the device and can cause overheating and possible damage.”
According to ESET research, VictoryGate has made a much greater effort to avoid detection than in previous, similar campaigns observed in the Latam region. And, given the fact that the botmaster can update functionality of the payloads that are downloaded and executed on the infected devices from cryptomining to any other malicious activities at any given time, this poses a considerable risk. This is particularly true since many of the victims identified were in either the public sector or in financial institutions.