Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Mobile Security //

iOS

6/13/2018
09:35 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
50%
50%

iOS App Store Guidelines Effectively Ban Cryptomining

Apple has issued new guidelines for iOS developers that effectively ban cryptomining apps from the company's App Store. The move follows similar changes from Google.

Apple is now through with cryptomining apps.

In an update to its iOS App Store guidelines for developers, the iPhone maker has included new language that effectively bans cryptomining software from appearing in its app store. This week's update follows a similar ban that Google included in its Web Store. (See Google Web Store Bans Cryptomining Extensions.)

The move by Apple Inc. (Nasdaq: AAPL) is the latest development in the world of cryptocurrency, as well as cryptomining, which has become a lucrative target for cybercriminals who have started using malware and cryptojacking software hidden in apps to help mine for Bitcoin and other virtual currencies by tapping into the devices of others and using that compute power.

(Source: Pixabay)
(Source: Pixabay)

In a report released within the last week, Check Point researchers confirm that cryptomining schemes have now surpassed ransomware as the number-one attack cybercriminals are using right now. One reason is that the volatility in global cryptocurrency markets have made it much more profitable to mine virtual currency than to go through the trouble of conducting a sophisticated, and expensive, ransomware attack. (See Cryptomining Malware, Cryptojacking Remain Top Security Threats.)

That type of volatility was on display this week when a group hacked into a South Korean cryptocurrency exchange, creating havoc with cryptocurrency prices across the globe. (See Bitcoin & Other Cryptocurrency Prices in Flux Following Hack.)

In the case of Apple, the company seems to want to control some of the volatility in its popular App Store.

Specifically, the company has added a new section within its guidelines -- 3.1.5 (b) Cryptocurrencies -- which effectively bans cryptomining apps from the store.

"Mining: Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining)," according to the new guidelines.


Now entering its fifth year, the 2020 Vision Executive Summit is an exclusive meeting of global CSP executives focused on navigating the disruptive forces at work in telecom today. Join us in Lisbon on December 4-6 to meet with fellow experts as we define the future of next-gen communications and how to make it profitable.

Since malicious actors have started installing malware on devices to mine cryptocurrency, including iPhones and iPads, Apple's new ban goes well beyond previous guidelines that asked developers to create applications that were power efficient and did not have hidden background processes running within the app.

Instead, Apple is outright banning these apps all together.

However, Apple will still let iOS users use Bitcoins and other virtual currencies but through more established channels. For instance, with cryptocurrency wallets users can "facilitate virtual currency storage, provided they are offered by developers enrolled as an organization."

iOS users can also use their devices for what the industry calls initial coin offers, or ICOs, but these transactions must come from "established banks, securities firms, futures commission merchants (FCM), or other approved financial institutions and must comply with all applicable law."

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Commentary
Cyberattacks Are Tailored to Employees ... Why Isn't Security Training?
Tim Sadler, CEO and co-founder of Tessian,  6/17/2021
Edge-DRsplash-10-edge-articles
7 Powerful Cybersecurity Skills the Energy Sector Needs Most
Pam Baker, Contributing Writer,  6/22/2021
News
Microsoft Disrupts Large-Scale BEC Campaign Across Web Services
Kelly Sheridan, Staff Editor, Dark Reading,  6/15/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-7862
PUBLISHED: 2021-06-24
A vulnerability in agent program of HelpU remote control solution could allow an authenticated remote attacker to execute arbitrary commands This vulnerability is due to insufficient input santization when communicating customer process.
CVE-2021-21737
PUBLISHED: 2021-06-24
A smart STB product of ZTE is impacted by a permission and access control vulnerability. Due to insufficient protection of system application, attackers could use this vulnerability to tamper with the system desktop and affect system customization functions. This affects: ZXV10 B860H V5.0, V83011303...
CVE-2021-25923
PUBLISHED: 2021-06-24
In OpenEMR, versions 5.0.0 to 6.0.0.1 are vulnerable to weak password requirements as it does not enforce a maximum password length limit. If a malicious user is aware of the first 72 characters of the victim user’s password, he can leverage it to an account takeover.
CVE-2021-25655
PUBLISHED: 2021-06-24
A vulnerability in the system Service Menu component of Avaya Aura Experience Portal may allow URL Redirection to any untrusted site through a crafted attack. Affected versions include 7.0 through 7.2.3 (without hotfix) and 8.0.0 (without hotfix).
CVE-2021-25656
PUBLISHED: 2021-06-24
Stored XSS injection vulnerabilities were discovered in the Avaya Aura Experience Portal Web management which could allow an authenticated user to potentially disclose sensitive information. Affected versions include 7.0 through 7.2.3 (without hotfix) and 8.0.0 (without hotfix).