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Malware Attacks Continue to Rise On Bitcoin And Crypto Wallet

malware attacks - cfamedia

Owing to the rise, in the price of bitcoin, cyber-attacks on it have been on the increase, as well as, on other cryptocurrencies.

Researchers, in the cybersecurity space, have, recently, warned that malware could be the new “thief”, yanking wallet information, from bitcoin and cryptocurrency.

The piece of malware, called InnfiRAT, has a remote access trojan, with the capacity to steal important information, on bitcoin and cryptocurrency wallets.

Researchers, at Zscaler’s ThreatLabZ, have named bitcoin and litecoin wallets, as the cryptocurrencies, with the most risk, to potential malware attacks.

“Among other things, InnfiRAT is, written to look for cryptocurrency wallet information, such as bitcoin and Litecoin”, cybersecurity researchers opined, in a blog post, on ThreatLabZ.

Researchers, also, warned that RATs occur, as a result of downloading an infected email attachment, or, a software application, while further advising that, users of cryptos, should not download from sources that are not trusted.

Cyber-attacks occur because of a remote access trojan search, for wallet.dat files, which, then, ultimately, transfers this, to the server of these cybercriminals.

The recently increased attacks, targeted on cryptocurrencies, indicates that the crypto industry would have to step up its game, in ensuring tighter security, on its users’ wallet.

A couple of days ago, cybersecurity researchers, warned that a Google search on “bitcoin qr generator”, directed queries, to scam websites, in four, out of five.

This result has further deepened the mistrust issue, with cryptocurrency.

Early, in September 2019, the bitcoin blockchain got hijacked, by a malware called, Glupteba.

This new strain of malware uses its network to fight security counter attacks. It has the capacity, to keep autorun, irrespective of using antivirus software blocks.

Vigilance, having very strong and tight security, as well as, conducting continuous trust and integrity tests, is required on your part, to ensure that your data on your bitcoin and other cryptocurrencies are safe from malware attacks.

Featured Image: Cyclonis

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