As the popularity of cryptocurrencies increases attackers shifted the threat landscape cryptocurrencies, they try to exploit all the possible methods to mine and steal cryptocurrencies.
Security researchers from Trend Micro spotted Bitcoin ATM malware through underground forums that allow the user’s to steal bitcoins worth up to 6,750 in U.S. dollars. The malware sold by the dark web user or US$25,000.
Bitcoin ATM differs from the traditional ATM, it does not connect to a bank account, instead, it connects to the cryptocurrency exchange platform’s that used to buy and sell the cryptocurrencies.
As of now there 3,500 bitcoin ATMs installed around the world, among that 74% in North America. Users can access these ATMs to access the wallets used to store digital currencies by scanning the wallet address or its QR code.
Bitcoin ATM malware
Researchers spotted an established user offering Bitcoin ATM malware for sale in the underground forums that include the ready-to-use card with EMV and NFC payments support.
The malware is designed to exploit a service vulnerability that allows the user’s to receive bitcoins worth up to 6,750 in U.S. dollars. the seller advertised as “operation does not require any physical access and can be maintained as a normal purchase. Includes the multilanguage manual and Jabber support”
With further analysis, it reveals that the seller offers ATM malware at a regular basis and details on how the malware works and how to exploit the vulnerability.
Also, the researchers spotted the seller offers a range of financial-related malware and compromised accounts and keep on expanding his waves.
Since the start of 2018, those with one eye on the crypto world have noted one thing: coin hacks are becoming more common. As Bitcoin’s value raced towards the $10,000 mark towards the end of 2017, the risk/reward ratio for cybercriminals was too great to ignore.
Since from the start of 2018, the coin hacks are becoming more common. The Bitcoin’s value reached $10,000 mark towards the end of 2017 increases the ratio for cybercriminals was too great to ignore.