BlackBerry Identifies Malware Targeting Cryptocurrencies
Former smartphone giant BlackBerry’s cybersecurity division has identified several notorious malware families that exclusively target cryptocurrencies and the crypto ecosystem. These prominent malware include RaccoonStealer, SmokeLoader, and Vidar, which hijack computers for crypto mining or theft.
BlackBerry’s Global Threat Intelligence Report
- BlackBerry’s report reveals that they successfully averted over 1.5 million cyberattacks between March and May.
- The primary targets of these attacks were the healthcare, financial, and government sectors.
- RedLine, a significant threat during this period, was used to breach Hatch Bank and resulted in the loss of significant banking data and crypto.
Malware Families Targeting Crypto
- RaccoonStealer, Vidar, and SmokeLoader are malware families specifically designed to hijack and use computers for mining purposes.
- Russian hackers and threat actors have used SmokeLoader for rogue crypto mining.
- RaccoonStealer, sourced from the dark web, targets crypto wallets and steals information.
- Vidar targets Linux users and extracts information from crypto wallets and exchanges.
- Hackers have introduced the Promotei botnet to target Linux-based servers for mining cryptocurrencies like Monero.
Growing Threats and Importance of Cybersecurity
- Cybersecurity firm SonicWall reports a 399% year-on-year increase in crypto-jacking incidents.
- Statista estimates the cybersecurity market to reach $162 billion in 2023.
- The recent hack of the Coinspaid exchange resulted in the theft of approximately $37 million by North Korean hackers from the Lazarus Group.
Hot Take
The rise of malware targeting cryptocurrencies highlights the urgent need for companies to strengthen their cybersecurity practices. As the crypto ecosystem continues to grow, so do the threats posed by hackers and malicious actors. It is crucial for businesses to remain vigilant and implement robust security measures to protect their digital assets and the sensitive information of their clients. Failure to do so can result in significant financial losses and reputational damage.
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