The researchers said they have seen how the new malware tricks users before it drains funds from their respective crypto wallets. cryptoexchange
According to researchers at Trustwave Spiderlabs, a strain of malware known as Rilide is believed to be helping cybercriminals steal funds from cryptocurrency exchanges. Although the steps being taken to tackle this malware are likely to make life more difficult for cybercriminals, two researchers — Pawel Knapczyk and Wojciech Cieslak — said this alone may not be enough to “solve the issue entirely.
“Where this malware differs is it has the effective and rarely used ability to utilize forged dialogs to deceive users into revealing their two-factor authentication and then withdraw cryptocurrencies in the background,” the researchers argued. While steps such as the pending enforcement of the so-called manifest v3 are expected to make life a little more difficult for cybercriminals, Knapczyk and Cieslak assert that this alone may not be enough “to solve the issue entirely as most of the functionalities leveraged by Rilide will still be available.”
Meanwhile, in their warning to users, the two researchers reiterated the importance of remaining “vigilant and sceptical” each time they received unsolicited emails. They added that users must “never assume that any content on the internet is safe, even if it appears to be.” Similarly, users should always strive to stay informed and educated about the latest events in the cybersecurity industry.
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