Cybercriminals update Pony Loader malware to steal your bitcoins

Updated malware designed to compromise users and steal bitcoins, as users find it difficult to keep their digital currency safe online.

Published Wed, Jun 25 2014 8:36 PM CDT   |   Updated Tue, Nov 3 2020 12:16 PM CST

The Pony Loader malware has been updated to v2.0 and has nasty new tricks to help compromise users and steal bitcoins. The updated version is able to compromise a large group of different cryptocurrency wallets, including Litecoin, Namecoin, Terracoin, Goldcoin, Junkcoin, and Anoncoin.

Cybercriminals update Pony Loader malware to steal your bitcoins | TweakTown.com

To counter this new malware threat, it's recommend users update to the newest bitcoin client, which gives users a way to encrypt private keys with passphrases.

"Given the capability to steal stored credentials from a wide variety of software, users should consider storing their passwords and bitcoin private keys using these programs risky," said Isaac Palmer, Damballa malware reserve engineer, in a blog post.

Security companies warn of the evolution of malware, designed to compromise users quickly and silently. Attacking cryptocurrencies, such as bitcoin, is popular because the funds are stored electronically and security is still improving.

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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