Feeds

Deploy a fake Bitcoin wallet to save your own

Devs claim VXer greed means trickery will succeed

Internet Security Threat Report 2014

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 ®.

Choosing a cloud hosting partner with confidence

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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.