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BlackBerry Introduces Leading Crypto Malware Programs

BlackBerry Introduces Leading Crypto Malware Programs

BlackBerry identified SmokeLoader, RaccoonStealer (aka RecordBreaker), and Vidar malware as the biggest threats to the crypto space.

BlackBerry, a Canadian software company specializing in cybersecurity, has identified several malware families with a malicious focus on mining or pilfering cryptocurrencies.

According to an extensive analysis by BlackBerry, the finance, healthcare, and government sectors are at the forefront of cyber attack victims.

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A commodity malware dubbed RedLine has emerged as a persistent financial threat, programmed to extract cryptocurrency and banking data.

The cybersecurity report also highlights a particularly nefarious ransomware named Clop, an offshoot of the CryptoMix ransomware family. Predominantly targeting banking and financial establishments, Clop has claimed notable victims such as the fintech banking solution Hatch Bank.

Three malware families, SmokeLoader, RaccoonStealer (aka RecordBreaker), and Vidar, have been especially aggressive in targeting crypto-related entities.

SmokeLoader has been troubling cyberspace since 2011 and is known for its attacks on cryptocurrency miners. Cybercriminals based in Russia have been the main culprits exploiting this tool.

RaccoonStealer, meanwhile, specializes in filching cryptocurrency wallet data and has gained popularity in the darker corners of the web. Vidar is another malware of concern, prominently used to compromise cryptocurrency wallets.

In terms of operating system susceptibility, Linux takes the unfortunate crown, making it a preferred target for hackers seeking to hijack computing power for cryptocurrency mining.

In its report, BlackBerry encourages consistent application of security patches as a countermeasure. Atomic macOS, a newly discovered strain of info stealer, presents a specific threat to macOS users, aiming at their keychains, browsers, and crypto wallets to extract confidential data.

According to BlackBerry, the increasing reliance on cryptocurrencies comes with an escalation in cyber threats. As these virtual assets gain mainstream traction, the imperative for robust cybersecurity measures grows correspondingly. The evolving threat landscape demands constant vigilance from organizations and individual users alike.

Just the past week, the crypto space has been shaken by one of the biggest exploits this year, with Curve Finance losing over $47 million due to the reentrancy lock malfunction of Vyper's 0.2.15, 0.2.16 and 0.3.0 versions.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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