Digital pickpockets target Bitcoin virtual currency

Advertisement
By Agence France Presse | Updated: 5 June 2012 02:03 IST
Highlights
  • Hackers are targeting virtual currency Bitcoin, penetrating computers and swiping their digital wallets, according to computer security firm Symantec.
Hackers are targeting virtual currency Bitcoin, penetrating computers and swiping their digital wallets, according to computer security firm Symantec.

"Malware authors move fast," Symantec's Stephen Doherty said in a blog post about digital pickpockets targeting Bitcoin, which was created two years ago.

"We have seen a recent Trojan in the wild targeting Bitcoin wallets" in computers running various versions of Windows, Doherty said.

"It has one motive: to locate your Bitcoin wallet.dat file and email it to the attacker," Doherty said. "This is not surprising considering the potential values in a Bitcoin wallet."

Bitcoins are digital currency that are accepted by a few online merchants. They can be traded at online currency exchanges such as Mtgox.com for real dollars.

Doherty said Bitcoin users should consider encrypting their wallet files.

"If you use Bitcoins, you have the option to encrypt your wallet and we recommend that you choose a strong password for this in the event that an attacker is attempting to brute-force your wallet open," he said.

Earlier this week, a Bitcoin user going by the handle of "allinvain" claimed on a public Bitcoin forum that his computer had been hacked and 25,000 Bitcoins worth $500,000 stolen.

Bitcoins have drawn the attention of members of the US Senate recently following a report that they have been used to purchase prescription drugs, cocaine, LSD and heroin at an online network called Silk Road.

Senator Joe Manchin, a Democrat from West Virginia, and Senator Charles Schumer, a Democrat from New York, wrote a letter to the US Attorney General and the Drug Enforcement Agency asking for the immediate shutdown of Silk Road.

"After purchasing Bitcoins through an exchange, a user can create an account on Silk Road and start purchasing illegal drugs from individuals around the world and have them delivered to their homes within days," they said.

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus 15T Display, Camera, and More Details Leaked Online
  2. Oppo Reno 15 Pro Mini India Launch and Key Specifications Tipped Online
  3. Ek Deewane Ki Deewaniyat OTT Release Date: When and Where to Watch it Online?
  4. A black hole is seen twisting spacetime, just as Einstein predicted
  5. Vivo V70 Seres, X200T, and X300FE India Launch Timeline and Prices Leaked Online
  1. Electricity-Driven Nitrogen Insertion Opens a Sustainable Path to Drug-Ready Heterocycles
  2. 90s - A Middle Class Biopic Out on OTT: Know Where to Watch This Telugu Drama Series
  3. Ek Deewane Ki Deewaniyat OTT Release Date: When and Where to Watch it Online?
  4. OnePlus 15T Display, Camera, and More Details Leaked Online
  5. Industry OTT Release Date: When and Where to Watch it Online?
  6. Human Specimens Now Streaming on Prime Video: A Chilling Japanese Mystery You Shouldn’t Miss
  7. Santhana Prapthirasthu Now Streaming on Prime Video and JioHotstar: What You Need to Know
  8. Oppo Reno 15 Pro Mini India Launch and Key Specifications Tipped Online
  9. Samsung Galaxy Z Flip 8 Tipped to Feature Newly-Launched Exynos 2600 SoC
  10. Dawood Now Streaming Online: A Crime Comedy Thriller with Twists, Chaos, and Dark Humour
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.