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Trojan Malware Campaign Attempting to Compromise Cryptocurrency Trading Firms

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Tue, 03/19/2019 - 19:34
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  • 💻🐞The malware that was first discovered in 2017 has reportedly made a comeback to target crypto firms

Cover image via U.Today
Contents

According to ZDNet, an updated version of the Cardinal RAT malware has been discovered by Unit 42. The new Trojan malware campaign is specifically targeting Israeli financial technology firms, including those that develop software for cryptocurrency trading.

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Password-stealing malware

Cardinal, which was first discovered in 2017, steals usernames, passwords, and other types of sensitive information. It is also able of taking screenshots, downloading and executing files, and even uninstalling itself once the whole job is done.

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A lucrative target

The malicious campaign appears to be targeting fintech companies in Israel that are involved in forex and cryptocurrency trading. Unit 42 explains that this a very lucrative target, which justifies the amount of time and money they spent on reviving Cardinal. There could be even two separate groups of hackers that are focusing on the same firms.

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No success so far  

However, the report also states that none of the attacks have been successful so far. Unit 42 encourages the potential victims to beef up their security in order not to be affected by Cardinal.    

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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