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TheMoon malware infects 6,000 ASUS routers in 72 hours for proxy service
(www.bleepingcomputer.com)
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typically, these old soho routers use ancient firmware with multiple known vulns. add to that the silly practice of opening the management ports to the public internet, and you have a potential disaster.
if your older hardware is capable of running an open source, maintained OS build, then do it. added functionality plus updated protection keeps these devices useful and out of landfills.