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posted by martyb on Sunday January 23 2022, @02:29PM   Printer-friendly

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: 5, Insightful) by looorg on Sunday January 23 2022, @03:18PM (4 children)

    by looorg (578) on Sunday January 23 2022, @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.

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  • (Score: -1, Troll) by Anonymous Coward on Sunday January 23 2022, @05:03PM

    by Anonymous Coward on Sunday January 23 2022, @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 2022, @05:41PM (2 children)

    by Thexalon (636) on Sunday January 23 2022, @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.

    --
    The only thing that stops a bad guy with a compiler is a good guy with a compiler.
    • (Score: 0) by Anonymous Coward on Sunday January 23 2022, @06:37PM (1 child)

      by Anonymous Coward on Sunday January 23 2022, @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 2022, @07:13PM

        by Anonymous Coward on Sunday January 23 2022, @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?