Feeds

Deploy a fake Bitcoin wallet to save your own

Devs claim VXer greed means trickery will succeed

The essential guide to IT transformation

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
Ice cream headache as black hat hacks sack Dairy Queen
I scream, you scream, we all scream 'DATA BREACH'!
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
New Snowden leak: How NSA shared 850-billion-plus metadata records
'Federated search' spaffed info all over Five Eyes chums
Three quarters of South Korea popped in online gaming raids
Records used to plunder game items, sold off to low lifes
Oz fed police in PDF redaction SNAFU
Give us your metadata, we'll publish your data
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?