IoT Devices Demonstrated to be Vulnerable to Mining Hack at Mobile World Congress

Vulnerable IoT devices, from smartphones to security cameras and smart TVs can be hijacked and used mine cryptocurrencies, cybersecurity firm Avast demonstrated this week at the Mobile World Congress in Barcelona, Spain. The Czech-based firm showcased the problem by giving conference-goers a firsthand look at a “hacked” network, where inter-connected devices were collectively mining the cryptocurrency Monero in what’s called a botnet.Mining is the process of verifying