Feeds

Deploy a fake Bitcoin wallet to save your own

Devs claim VXer greed means trickery will succeed

5 things you didn’t know about cloud backup

Bitcoin con artists have a new enemy with the launch of a managed fake wallet system that baits malware lurking on machines into striking too early.

BitcoinVigil was a free pre-fab or custom honeypot that users could deploy onto a machine before using it for Bitcoin transactions.

It functioned as a would-be Bitcoin wallet in a bid to trigger dormant malware to pounce, therefore alerting users to the danger.

Users could download a free ready-made honeypot or build thier own. In a new upgrade users could pay $1 a month for a managed intrusion detection service with alerts sent by SMS or email.

Mexico-based developers Rubem Alcazar, Omar RLópez Orendain, and Eric Spriner were unaware of any Bitcoin-malware which could detect the honeypot and said any bid to ignore the fake wallet could result in lost opportunities to steal legitimate Bitcoins.

"...leaving money on the table is a pretty risky move on their part," they wrote in a FAQ.

It required only the honeypot file to be saved on a users' machine.

Bitcoin malware had become as common as dirt and was written for a host target systems.

The best botnets targeted high-end machines, GPUs and Bitcoin rigs to maximise what were shrinking returns for mining efforts.

Yet some blundering and perhaps desparate VXers had coded ineffective coin-slurping malware for Android phones, while others had inexpicably written wares for Digital Video Recorders ®.

Next gen security for virtualised datacentres

More from The Register

next story
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Linux kernel devs made to finger their dongles before contributing code
Two-factor auth enabled for Kernel.org repositories
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.