Warning Issued After Bitcoin And Litecoin Wallets Targetted By Malware

Bitcoin and the wider cryptocurrency market’s huge price rise over the last few years meant that criminals quickly began taking a closer interest in crypto.

A rapid increase in crypto scams and thefts came along with mainstream bitcoin awareness.

Now, cyber security researchers have warned that malware could be stealing bitcoin and litecoin wallet information.

The piece of malware, named InnfiRAT, a so-called remote access trojan, is able to steal sensitive information, stored on a device including cryptocurrency wallet data, with cyber security researchers at Zscaler’s ThreatLabZ naming bitcoin and litecoin wallets as potentially at risk.

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“Among other things, InnfiRAT is written to look for cryptocurrency wallet information, such as bitcoin and litecoin,” ThreatLabZ experts wrote in a blog post.

The remote access trojan searches for wallet.dat files and if found delivers them to a server controlled by the cyber criminals.

The researchers warned that RATs are usually downloaded through an infected email attachment or app and warned people should only use trusted sources.

The bitcoin price
The bitcoin price has surged over the last few years, making cryptocurrencies far more attractive to cyber criminals. COINDESK

Also Read : Bitcoin Scam Artists are Using Fake QR Code Generators

As cyber criminals increasingly target bitcoin and cryptocurrency holders, the industry will have to find ways to adequately protect users, though it could be an uphill struggle.

Last week, researchers warned a staggering four out of the first five results returned when asking Google for a “bitcoin qr generator” led to scam websites–potentially furthering negative public perception around bitcoin and cryptocurrency.

Source: forbes.com

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