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posted by martyb on Sunday January 23, @02:29PM   Printer-friendly [Skip to comment(s)]

Cheap malware is behind a rise in attacks on cryptocurrency wallets:

A rise in cheap, easy-to-use malware means it's easier than ever for cyber criminals to steal cryptocurrency.

[...] the growing value of cryptocurrency means it has quickly become a key target for cyber criminals and they're increasingly launching attacks which aim to steal cryptocurrency from the wallets of individual users.

Research by Chainalysis warns that cryptocurrency users are increasingly under threat from malware including information stealers, clippers – which allow attackers to replace text the user has copied, redirecting cryptocurrency to their own wallets – and trojans, all of which can be purchased for what's described as "relatively little money" on cyber criminal forums.

For example, a form of info stealer malware called Redline is advertised on Russian cyber crime forums at $150 for a month's subscription or $800 for 'lifetime' access. For a cyber criminal looking to steal cryptocurrency, it's sadly highly likely they'll make back the money paid for the malware within a handful of attacks.

The illicit service also provides users with a tool which allows attackers to encrypt the malware so it's more difficult for anti-virus software to detect, increasingly the likelihood of attacks successfully stealing cryptocurrency from compromised victims.

"The proliferation of cheap access to malware families like Redline means that even relatively low-skilled cybercriminals can use them to steal cryptocurrency," warns the report.

Overall, the malware families in the report have received 5,974 transfers from victims in 2021, up from 5,449 in 2020 - although that's down significantly on 2019 which saw more that 7,000 transfers.


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  • (Score: 1, Interesting) by Anonymous Coward on Sunday January 23, @02:43PM (4 children)

    by Anonymous Coward on Sunday January 23, @02:43PM (#1214999)

    I would argue that the malware authors are doing the global climate a favour by reducing the appeal of this energy-devouring Ponzi scheme... where can we nominate them for a Nobel Peace Prize.

    • (Score: 0) by Anonymous Coward on Sunday January 23, @02:57PM

      by Anonymous Coward on Sunday January 23, @02:57PM (#1215002)

      Yeah, well, I refuse to use this cheap malware. I get my malware in the East European boutiques, same place I buy counterfeit Gucci handbags and such.

    • (Score: 2) by NateMich on Sunday January 23, @04:47PM (2 children)

      by NateMich (6662) on Sunday January 23, @04:47PM (#1215019)

      I'm not sure stealing money makes money less appealing.

      The appeal is obviously already there.

      • (Score: 0) by Anonymous Coward on Sunday January 23, @11:54PM (1 child)

        by Anonymous Coward on Sunday January 23, @11:54PM (#1215150)

        》 The appeal is obviously already there

        A 30% drop in January suggests otherwise... who wants to be the last clown standing when they stop the music.

        • (Score: 1, Insightful) by Anonymous Coward on Monday January 24, @11:17AM

          by Anonymous Coward on Monday January 24, @11:17AM (#1215233)

          The drop in market price is entirely unrelated to malware theft, but is instead more closely tied to the same price drop in tech stocks during that window of time.

  • (Score: 5, Insightful) by looorg on Sunday January 23, @03:18PM (4 children)

    by looorg (578) on Sunday January 23, @03:18PM (#1215007)

    Then there is that other explanation -- it's where the money are. The cheap and easy money that isn't guarded in vaults or with/by armed guards that may or may not shoot to kill. The money that you steal that won't have significant amounts of the local PD giving chase or kicking down your door. It's just the money that is easier to steal and carries a lot less personal risk when you steal them. After all someone that robs a bank is a hardened criminal with a deadly weapon, while someone that sends malware is a sophisticated (?) white collar criminal that won't do anywhere near the amount of time in prison if he (or she) is actually ever caught.

    • (Score: -1, Troll) by Anonymous Coward on Sunday January 23, @05:03PM

      by Anonymous Coward on Sunday January 23, @05:03PM (#1215026)

      Jews like to make money any way they can, and if that means destroying their own twin towers to collect an insurance payout, then that's what they will do. Global malware proliferation is, after all, a Jewish specialty. So are the security industries that pop up to profit from the same problems those same Jews created.

      The potential loss of life means nothing to Jews, as long as it's Goyim lives that are lost. Hell, the Jews used their worldwide entrenchment to murder people and profit from forcing their toxic vaccines on people.

      B-b-but Israel is vaccinated too, and hardcore!

      Yeah, with the saline, or an otherwise liberal distribution of safer medication. Hell, the Rabbis faking their own vaccination videos don't even bother to remove the caps from the needles. I can hardly wait until the Jew rats are shooed out of the U.S. and into France, Israel, or Ukraine where they belong.

    • (Score: 2) by Thexalon on Sunday January 23, @05:41PM (2 children)

      by Thexalon (636) on Sunday January 23, @05:41PM (#1215039)

      Also relevant here is the lack of government regulations on crypto wallets and exchanges: They probably aren't getting professional security evaluations and regular audits. The value of the accounts aren't insured up to $250K by FDIC or CRUA or similar agencies. It's probable that many of them have never done a penetration test, or if they have they might not have followed the recommendations of whoever did it. Their backup systems are very likely to be shoddy-to-non-existent.

      A lot of these places are the equivalent of Fort Knox with the entire security system consisting of 1 guy who stops by to check on it every couple of months.

      --
      Alcohol makes the world go round ... and round and round.
      • (Score: 0) by Anonymous Coward on Sunday January 23, @06:37PM (1 child)

        by Anonymous Coward on Sunday January 23, @06:37PM (#1215056)

        Are you then also saying, maybe the malware here is equivalent of a Trabant, driven upto the barn door adjoining fort knox, where the loot is handed out in potatoe sacks, and driven away.

        • (Score: -1, Spam) by Anonymous Coward on Sunday January 23, @07:13PM

          by Anonymous Coward on Sunday January 23, @07:13PM (#1215065)

          Israel emptied out fort Knox long ago. Why do you think it took so long for us to repatriate to our foreign holders, and why did they start asking for their gold back?

  • (Score: 0, Flamebait) by Anonymous Coward on Sunday January 23, @07:02PM (2 children)

    by Anonymous Coward on Sunday January 23, @07:02PM (#1215062)

    oh good. re-enforcement of the false reality/Microsoft matrix from the MS whores at Ziff Davis.

    If you think you can use cryptocurrency on a slave check-in station (Windows) you are a retarded slave and you deserve to have your coin stolen for being a lazy cowardly sycophant. Grow a spine and get a grown up's OS. It's not hard to install or use Linux for Normals who just need to surf and whatnot. If playing proprietary games like an naive teenager is more important that your freedom, then you deserve all the abuse you get.

    • (Score: -1, Troll) by Anonymous Coward on Sunday January 23, @07:25PM (1 child)

      by Anonymous Coward on Sunday January 23, @07:25PM (#1215069)

      Where do the MacFags fit into all this?

      Apple is half-owned by the Jews, half by the Chinks, and has taken bold steps to come out of the closet in admitting the spade-nosed squinty eyed Jew Cook personally examines every photo in your iTrash and compares it all to government databases.

      And no, Dual-booting Mac/Linux is not an excuse for your being a MacFag. Running a Hackintosh is not an excuse for your being a MacFag. You can get good hardware, that runs Linux well, at a third or less of the cost of a FagMac.

      Jews like MacShit but they also get the security patches Goys don't get, and they get whitelisted from the blanket spying so as not to leave any evidence of their loyalty toward Israel or the International Jew (Ukraine).

      • (Score: 0) by Anonymous Coward on Sunday January 23, @09:38PM

        by Anonymous Coward on Sunday January 23, @09:38PM (#1215099)

        Running a Hackintosh is not an excuse for your being a MacFag. You can get good hardware

        A Hackintosh is good hardware, on which one installs MacOS. At least get your terminology correct before launching into an insane rant.

  • (Score: 5, Insightful) by mcgrew on Sunday January 23, @09:40PM (1 child)

    by mcgrew (701) <publish@mcgrewbooks.com> on Sunday January 23, @09:40PM (#1215101) Homepage Journal

    It's been around longer than computers. It's a Ponzi scheme. Crypto has no real value or legal reason to exist!

    Gold, silver, and jewels have value because they're pretty, and in fact were the first money, "shiny rock for bag of fruit". Stocks have value because they're part ownership in a money making venture. Bonds have value because people need to borrow money. Cash has value because it's backed by governments. Checks and credit cards have value because they're backed by banks.

    Crypto is backed by nothing whatever and has no reason to have any value at all; it's meaningless numbers, whose only meanings are to keep itself straight. All you can use it for is very foolish gambling, paying ransom, buying huge quantities if illegal drugs, tax evasion, and buying Teslas. It's phishing for phools.

    --
    Free Martian whores! [mcgrewbooks.com]
    • (Score: 2, Funny) by Anonymous Coward on Sunday January 23, @10:06PM

      by Anonymous Coward on Sunday January 23, @10:06PM (#1215107)

      Yeah, right. Now I bet you're going to tell me NFTs are worthless too. /s

  • (Score: 3, Interesting) by crafoo on Sunday January 23, @10:34PM (1 child)

    by crafoo (6639) on Sunday January 23, @10:34PM (#1215123)

    Let's suppose sophisticated malware was available to the entire internet population (i.e. real people, not peasants with 88 iq). What would the traffic profile of the internet stabilize at? Just ratios of attack packets v. streaming video packets v. http etc. Would it still be functional, at a degraded level, or would we even notice?

    Like lowering yourself and all of your information into a toxic living sludge that wants to digest you.

    • (Score: 4, Informative) by Thexalon on Sunday January 23, @11:08PM

      by Thexalon (636) on Sunday January 23, @11:08PM (#1215136)

      What would the traffic profile of the internet stabilize at? Just ratios of attack packets v. streaming video packets v. http etc. Would it still be functional, at a degraded level, or would we even notice?

      My understanding is that spam email more-or-less stabilized at around 90-95% of email traffic. So yeah, I'd think it would have an effect to have malware at that ratio.

      As for how much damage something like that can do, the greybeards of the Internet can tell you all about the Great Worm of 1988 [wikipedia.org], a.k.a. the Morris Worm: 1 guy basically brought the entirety of ARPANet to its knees.

      --
      Alcohol makes the world go round ... and round and round.
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