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Crypto Malware: What Is It and How to Identify Them?
In this rapidly evolving cryptocurrency landscape, crypto-malware emerged as cryptocurrencies grew in popularity and value. It is malicious software that exploits a computer’s processing power to mine cryptocurrencies without the user’s permission. This type of malware became prominent as cryptocurrencies gained value, with the first known cryptojacking.
However, in this article, we’ll get to know more about crypto-malware, how it happens, how to safeguard against crypto-malware, and many more things. So, read till the end for a complete understanding of crypto-malware.
What is Crypto Malware?
Crypto malware is a type of malicious software specifically designed to exploit the processing power of computers or devices to mine cryptocurrencies without the user’s permission. This is done through a process called cryptojacking, where the malware secretly uses the device’s resources to mine digital currencies like Monero, which are chosen for their strong privacy features that make them hard to track.
This unauthorized mining can lead to increased CPU usage, slower device performance, overheating, and higher electricity bills. Crypto malware often spreads through infected email attachments, malicious links, compromised websites, and software vulnerabilities.
How did they happen in the crypto landscape?
Crypto malware emerged in the crypto landscape as cryptocurrencies gained popularity and value. The first known cryptojacking script was released by Coinhive in 2017, allowing website owners to embed mining code on their sites to use visitors’ computing power for mining. This marked the beginning of a surge in crypto malware attacks.
Cybercriminals quickly adopted these techniques, finding cryptojacking more attractive than other forms of cyber attacks like ransomware. This is because cryptojacking is less likely to attract law enforcement attention, is relatively low-risk, and is highly profitable.
#Megadrop #BinanceLaunchpool
Crypto Malware: What Is It and How to Identify Them?
In this rapidly evolving cryptocurrency landscape, crypto-malware emerged as cryptocurrencies grew in popularity and value. It is malicious software that exploits a computer’s processing power to mine cryptocurrencies without the user’s permission. This type of malware became prominent as cryptocurrencies gained value, with the first known cryptojacking.
However, in this article, we’ll get to know more about crypto-malware, how it happens, how to safeguard against crypto-malware, and many more things. So, read till the end for a complete understanding of crypto-malware.
What is Crypto Malware?
Crypto malware is a type of malicious software specifically designed to exploit the processing power of computers or devices to mine cryptocurrencies without the user’s permission. This is done through a process called cryptojacking, where the malware secretly uses the device’s resources to mine digital currencies like Monero, which are chosen for their strong privacy features that make them hard to track.
This unauthorized mining can lead to increased CPU usage, slower device performance, overheating, and higher electricity bills. Crypto malware often spreads through infected email attachments, malicious links, compromised websites, and software vulnerabilities.
How did they happen in the crypto landscape?
Crypto malware emerged in the crypto landscape as cryptocurrencies gained popularity and value. The first known cryptojacking script was released by Coinhive in 2017, allowing website owners to embed mining code on their sites to use visitors’ computing power for mining. This marked the beginning of a surge in crypto malware attacks.
Cybercriminals quickly adopted these techniques, finding cryptojacking more attractive than other forms of cyber attacks like ransomware. This is because cryptojacking is less likely to attract law enforcement attention, is relatively low-risk, and is highly profitable.
#Megadrop #BinanceLaunchpool
A new Android #malware named #SpyAgent uses optical character recognition (OCR) technology to steal #cryptocurrency wallet recovery phrases from screenshots stored on the mobile device.
#staysafe
#staysafe
🔐 Cyber News (May 15, 2024):
1️⃣ Rain: Cryptocurrency exchange Rain, headquartered in Bahrain, has fallen victim to an exploit. In a hacking incident, perpetrators managed to siphon off assets totaling $14.8 million from the company's accounts. 💰
2️⃣ MistTrack: Tether took action by freezing 12 addresses containing millions in USDT. The combined assets held in these frozen wallets amounted to approximately $5.2 million. 💼
3️⃣ CoinDesk: A court in the Netherlands rendered a verdict on May 14, finding cryptocurrency mixer Tornado Cash developer Alexey Pertsev guilty of money laundering. Pertsev was charged with orchestrating no fewer than 36 illicit transactions, totaling $1.2 billion, through the crypto mixer between July 9, 2019, and August 10, 2022. The court sentenced him to 64 months of imprisonment. ⚖️
4️⃣ Kaspersky: North Korean hackers known as Kimsuky have deployed a new #malware strain named Durian to target cryptocurrency firms. Durian not only exfiltrates files from compromised systems but also installs the AppleSeed backdoor and the LazyLoad proxy tool. 🛡️
5️⃣ Equalizer: On May 14, a cybercriminal initiated a breach on the decentralized exchange (DEX) Equalizer, pilfering funds from traders. The perpetrator made off with 2353 EQUAL tokens (~$20,000) and several other digital assets. 💸
👍 Any queries? Feel free to ask in the comments below!
1️⃣ Rain: Cryptocurrency exchange Rain, headquartered in Bahrain, has fallen victim to an exploit. In a hacking incident, perpetrators managed to siphon off assets totaling $14.8 million from the company's accounts. 💰
2️⃣ MistTrack: Tether took action by freezing 12 addresses containing millions in USDT. The combined assets held in these frozen wallets amounted to approximately $5.2 million. 💼
3️⃣ CoinDesk: A court in the Netherlands rendered a verdict on May 14, finding cryptocurrency mixer Tornado Cash developer Alexey Pertsev guilty of money laundering. Pertsev was charged with orchestrating no fewer than 36 illicit transactions, totaling $1.2 billion, through the crypto mixer between July 9, 2019, and August 10, 2022. The court sentenced him to 64 months of imprisonment. ⚖️
4️⃣ Kaspersky: North Korean hackers known as Kimsuky have deployed a new #malware strain named Durian to target cryptocurrency firms. Durian not only exfiltrates files from compromised systems but also installs the AppleSeed backdoor and the LazyLoad proxy tool. 🛡️
5️⃣ Equalizer: On May 14, a cybercriminal initiated a breach on the decentralized exchange (DEX) Equalizer, pilfering funds from traders. The perpetrator made off with 2353 EQUAL tokens (~$20,000) and several other digital assets. 💸
👍 Any queries? Feel free to ask in the comments below!
A recent investigation has revealed a large-scale #infostealer #malware operation linked to a cybercriminal group called "#MarkoPolo ," which has conducted over thirty campaigns targeting various demographics and systems. The operation utilizes multiple distribution methods, such as malvertising, spearphishing, and brand impersonation, focusing on sectors like online gaming, cryptocurrency, and software.
According to Recorded Future's Insikt Group, the Marko Polo campaign has likely compromised tens of thousands of devices globally, resulting in potential financial losses amounting to millions. The malware includes notable payloads like AMOS, Stealc, and Rhadamanthys, with reports indicating significant risks to consumer privacy and business continuity.
**Key Tactics Used by Marko Polo:**
1. #Spearphishing : Targeting high-value individuals such as cryptocurrency influencers and software developers through direct messages on social media, often luring them with fake job offers or project collaborations.
2. Brand Impersonation: Utilizing both real and fictitious brands to create credible but malicious sites that entice victims to download malware. Brands like Fortnite and Zoom have been impersonated, alongside made-up names like Vortax and NightVerse.
Target Platforms:
- Windows: The group employs #HijackLoader to deliver info-stealing malware like Stealc and Rhadamanthys, which can collect sensitive information and even redirect cryptocurrency transactions.
- macOS: The AMOS stealer is utilized, capable of retrieving data from web browsers and Apple Keychain, including WiFi credentials and saved logins.
Infection Methods: Malware is distributed through malicious websites, executable files in torrent downloads, and fake virtual applications.
To protect against such threats, users are advised to avoid links from unknown sources and only download software from official sites. Regularly scanning files with up-to-date antivirus software is also recommended to prevent infections.
According to Recorded Future's Insikt Group, the Marko Polo campaign has likely compromised tens of thousands of devices globally, resulting in potential financial losses amounting to millions. The malware includes notable payloads like AMOS, Stealc, and Rhadamanthys, with reports indicating significant risks to consumer privacy and business continuity.
**Key Tactics Used by Marko Polo:**
1. #Spearphishing : Targeting high-value individuals such as cryptocurrency influencers and software developers through direct messages on social media, often luring them with fake job offers or project collaborations.
2. Brand Impersonation: Utilizing both real and fictitious brands to create credible but malicious sites that entice victims to download malware. Brands like Fortnite and Zoom have been impersonated, alongside made-up names like Vortax and NightVerse.
Target Platforms:
- Windows: The group employs #HijackLoader to deliver info-stealing malware like Stealc and Rhadamanthys, which can collect sensitive information and even redirect cryptocurrency transactions.
- macOS: The AMOS stealer is utilized, capable of retrieving data from web browsers and Apple Keychain, including WiFi credentials and saved logins.
Infection Methods: Malware is distributed through malicious websites, executable files in torrent downloads, and fake virtual applications.
To protect against such threats, users are advised to avoid links from unknown sources and only download software from official sites. Regularly scanning files with up-to-date antivirus software is also recommended to prevent infections.
Malware awareness !!
#alert #malware
Malware, short for malicious software, refers to any software that is designed to harm or exploit a system or its user.
Here are some common types of malware:
1. Viruses: Replicate and spread to other files or systems.
2. Worms: Self-replicating malware that spreads without user interaction.
3. Trojans: Disguise themselves as legitimate software to gain access.
4. Spyware: Secretly monitor and collect user data.
5. Adware: Display unwanted advertisements.
6. Ransomware: Demand payment in exchange for restoring access to data.
7. Rootkits: Hide malware or unauthorized access from the user.
8. Keyloggers: Record keystrokes to steal sensitive information.
9. Botnets: Networks of infected devices controlled remotely.
10. Exploits: Take advantage of software vulnerabilities to gain access.
To protect yourself from malware:
1. Use antivirus software.
2. Keep software up-to-date.
3. Avoid suspicious downloads.
4. Use strong passwords.
5. Enable firewall protection.
6. Use secure networks.
7. Regularly back up data.
8. Use a reputable VPN.
9. Be cautious with email attachments.
10. Use a secure search engine.
Remember, prevention and vigilance are key to protecting yourself from malware.
Malware, short for malicious software, refers to any software that is designed to harm or exploit a system or its user.
Here are some common types of malware:
1. Viruses: Replicate and spread to other files or systems.
2. Worms: Self-replicating malware that spreads without user interaction.
3. Trojans: Disguise themselves as legitimate software to gain access.
4. Spyware: Secretly monitor and collect user data.
5. Adware: Display unwanted advertisements.
6. Ransomware: Demand payment in exchange for restoring access to data.
7. Rootkits: Hide malware or unauthorized access from the user.
8. Keyloggers: Record keystrokes to steal sensitive information.
9. Botnets: Networks of infected devices controlled remotely.
10. Exploits: Take advantage of software vulnerabilities to gain access.
To protect yourself from malware:
1. Use antivirus software.
2. Keep software up-to-date.
3. Avoid suspicious downloads.
4. Use strong passwords.
5. Enable firewall protection.
6. Use secure networks.
7. Regularly back up data.
8. Use a reputable VPN.
9. Be cautious with email attachments.
10. Use a secure search engine.
Remember, prevention and vigilance are key to protecting yourself from malware.