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Variety of malware stealing bitcoins using exploited apps

Malware is increasingly targeting bitcoin, with users having login information remotely stolen to bitcoin exchanges and online wallets.

Published Fri, Feb 28 2014 12:16 PM CST   |   Updated Mon, Oct 19 2020 8:15 PM CDT

RSA 2014 - The bitcoin currency is extremely popular, and has become a great target for cybercriminals trying to steal a quick payday. Targeting Apple's OS X applications, the CoinThief Trojan is designed to steal bitcoins when hidden in pirated versions of mobile apps.

Variety of malware stealing bitcoins using exploited apps | TweakTown.com

The CoinThief malware was discovered earlier in the month, and works by installing a browser plugin that remotely steals login information used on bitcoin wallet and exchange sites.

There are currently more than 100 forms of bitcoin-stealing malware in the wild, available for purchase starting around $25, according to security experts. Underground forums provide an ideal location for cybercriminals to show their wares - and if you are able to gain access and become a trusted member of the community - it's possible to purchase customized malware for next to nothing.

The lure of bitcoin theft is appealing, as the cryptocurrency gains widespread adoption among businesses and companies worldwide.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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