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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.
(Score: 5, Insightful) by mcgrew on Sunday January 23 2022, @09:40PM (1 child)
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.
mcgrewbooks.com mcgrew.info nooze.org
(Score: 2, Funny) by Anonymous Coward on Sunday January 23 2022, @10:06PM
Yeah, right. Now I bet you're going to tell me NFTs are worthless too. /s