Cryptocurrency Companies are at Risk of a New Malware Threat

03/01/2023 06:47 • Blockchain Buzz • 118 views

On March 1, the security analysis platform Uptycs said in a new report that cryptocurrency companies were becoming the target of a new type of malware, which included a remote access Trojan called Parallax RAT. It is reported that this software uses injection technology to hide in the legal process and is difficult to be found. Once successfully injected, the attacker can interact with the victim through Windows Notepad, which may be a communication channel. Parallax RAT allows attackers to remotely access infected devices, with functions such as uploading and downloading files, recording keystrokes and screenshots. In addition to collecting system metadata, Parallax RAT can also access data stored on the clipboard, and even remotely restart or shut down infected devices.

Security team: The malware containing the remote access Trojan “Parallax RAT” is targeting the encryption company

Interpret the above information:

Uptycs, a security analysis platform, released a report on March 1st, stating that cryptocurrency companies are increasingly becoming the target of a new type of malware. The report highlighted a remote access Trojan (RAT) called Parallax RAT, which uses injection technology to penetrate legal processes and evade detection. Once injected, the attacker can interact with the victim through Windows Notepad, which may be used as a communication channel.

Parallax RAT enables attackers to remotely access the infected device, allowing them to perform various functions such as uploading and downloading files, recording keystrokes and screenshots. Along with collecting system metadata, this malware can access data stored on the clipboard, and even remotely restart or shut down the infected devices.

Cryptocurrency companies are particularly vulnerable to cyber threats due to their inherent security weaknesses. Cryptocurrency exchanges, for example, store large sums of digital currencies, making them popular targets for hackers. Moreover, the volatility of the cryptocurrency market can make such attacks especially lucrative, with hackers potentially gaining a quick profit by stealing and trading digital currencies.

This new malware threat represents a significant challenge for cryptocurrency companies, as it is difficult to detect and can cause considerable damage if left unchecked. Companies will need to enhance their cybersecurity protocols and invest in better defensive measures that can detect and mitigate these types of threats.

In summary, Uptycs’ report highlights the growing trend of cyber attacks targeting cryptocurrency companies, with the use of malware like Parallax RAT. It underscores the need for companies to take necessary measures to protect their digital assets and prevent data breaches from causing financial loss or reputational damage.

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