[2015-06-29] CD: Mining Malware Developer Settles with Federal Trade Commission

[Grand_Voyageur]

Mining Malware Developer Settles with Federal Trade Commission

A cryptocurrency malware developer has settled with the US Federal Trade Commission (FTC) and the New Jersey Attorney General's Office.

Developer Ryan Ramminger and Equiliv Investments were named in the settlement in connection with the development and distribution of a mobile app called Prized that contained hidden mining software.

Prized was initially marketed as a consumer rewards app. After security researchers discovered the app was designed to mine cryptocurrency in March, it was soon dropped from popular app venues like Google Play.

Full story: http://www.coindesk.com/mining-malware-developer-settles-with-federal-trade-commission/