Trustwave Security Researchers Unveil New Crypto-Stealing Malware – Security Bitcoin News

Trustwave security researchers have uncovered a new strain of malware, dubbed Rilide, which is being used to siphon crypto funds from unsuspecting victims. According to the researchers, the malicious program disguises itself as a legitimate Google Drive extension and can even inject malicious scripts to steal funds from cryptocurrency exchanges.

Malware Employs Forged Dialogs

In a blog post published on April 4, the two researchers, Pawel Knapczyk and Wojciech Cieslak, revealed the discovery of a new strain of malware which is believed to be helping cybercriminals steal funds from crypto wallets. The researchers noted that the malicious program, known as Rilide, has the ability to use forged dialogs to deceive users into providing their two-factor authentication (2FA) details, before draining funds from their respective accounts.

Although malicious browser extensions have been used by cybercriminals in the past, the researchers noted that this particular malware differs in that it can “effectively and rarely used ability to utilize forged dialogs to deceive users into revealing their two-factor authentication (2FA) and then withdraw cryptocurrencies in the background.”

Knapczyk and Cieslak also argued that while initiatives such as the pending enforcement of manifest v3 may make life more difficult for cybercriminals, it may not be enough “to solve the issue entirely as most of the functionalities leveraged by Rilide will still be available.”

The researchers warned users to always remain wary and skeptical of unsolicited emails and not to assume that any content on the internet is safe, even if it appears to be. Similarly, users should remain informed and educated about the latest developments in the cybersecurity industry.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.