New trojan wants to steal your BitCoin wallet

first_imgBitcoin sounds like a decent enough idea — a privacy-focused, cash-like digital currency. It’s got a few fundamental problems, however, not the least of which is that, by default, the digital wallet in which your coins are stored sits unencrypted on your hard drive. That means its contents are totally exposed to anyone with access to your files and they only need to take the wallet.dat file and all your Bitcoins become theirs.That’s precisely what happened recently when nearly half a million dollars in coins were stolen from a longtime Bitcoin user — and that’s not going to be the last such theft you hear about. Where there’s money to be grifted, you’ll find malware authors hard at work.Symantec has announced the discovery of a trojan which specifically targets Bitcoin wallets. Once the trojan code finds its way onto a victim’s computer, all it has to do is locate the wallet.dat file and then upload it to the remote drop-off point via FTP. Unlike other trojans which aim to steal online banking or credit card account details or login credentials, there’s a shorter path to the payoff.And because cybercriminals tend to modify their creations fairly frequently, Symantec fully expects this particular bit of malicious code to find its way into existing malware due to the current buzz surrounding Bitcoin.If you’re a Bitcoin user, take appropriate steps to protect your wallet — make sure the file is encrypted and locked up with a good, strong password. That way even if someone does manage to pilfer your wallet he or she won’t be able to access its content.More at Symanteclast_img