Sign In

Communications of the ACM

ACM News

Cheap Malware Behind Rise in Attacks on Cryptocurrency Wallets

View as: Print Mobile App Share:
Artist's impression of a crypto wallet.

Of the incidents tracked, infostealer Crypobot was the most prolific thief of cryptocurrency wallets and account credentials, stealing almost $500,000 in cryptocurrency in 2021.

Credit: Getty Images

A rise in cheap, easy-to-use malware means it's easier than ever for cyber criminals to steal cryptocurrency. 

Cryptocurrency has long been a popular target for organised cyber criminals, whether they're stealing it outright from cryptocurrency exchanges, or demanding it as an extortion payment in ransomware attacks.

But the growing value of cryptocurrency means it has quickly become a key target for cyber criminals and they're increasingly launching attacks that aim to steal cryptocurrency from the wallets of individual users.

From ZDNet
View Full Article



No entries found