Crypto Terms: Letter S

What is Spyware?

Spyware MEANING:
Spyware - malware used to spy on infected electronic devices.
1 minute

Let's find out Spyware meaning, definition in crypto, what is Spyware, and all other detailed facts.

Spyware is a type of malicious software (malware) that can spy on and record the activities of an infected electronic device. Spywares track all activities of the victim to collect sensitive data and forward it to the attacker. The stolen data can be used for various malicious purposes, like identity theft.

There are four main types of spyware:

  • Adware;
  • System monitors;
  • Trackers;
  • Trojans.

Depending on the type of spyware, victims may accidentally be infected by different methods, such as malicious ads, suspicious emails, and phishing websites. Untrustworthy files may also contain spyware or other viruses that can corrupt or compromise the computer system.

Malicious parties use spyware to target users on various crypto networks to acquire their private keys and gain access to digital assets. Crypto transactions cannot be reversed, making cryptocurrencies a favorable target for hackers.