• Home Page
  • About Us
  • Advertise
  • Contact Us
  • My Account

TechVisibility

  • Home page
  • News
  • Computing
  • Reviews
  • Apps
  • Gaming
  • Mobile
  • Audio
  • Video
  • Gadgets
  • FinTech
  • EV
  • More
    • Antivirus
    • Cameras
    • Cryptocurrency
    • NFT
    • Phones
    • Security
    • Smart Home
    • Software
    • Streaming
    • TVs
    • Wearables
    • Web hosting
    • What To Watch
You are at :Home»Apps»Panda Malware: Your Crypto Wallet is at Risk; What Do You Need to Do?
Panda Malware: Your Crypto Wallet is at Risk; What Do You Need to Do?
Markus Spiske Iar on Unsplash

Panda Malware: Your Crypto Wallet is at Risk; What Do You Need to Do?

Noah Gravel 11 May 2021 Apps, Cryptocurrency, Finance, Fintech, Security Leave a comment 536 Views

Facebook Twitter linkedin Pinterest Tumblr WhatsAppt Telegram Email More

The new Panda malware is currently targeting crypto wallets. Researchers also claimed that it also focuses on various application credentials.

Right now, the so-called Panda malware is currently targeting users’ cryptocurrency wallets. This is just one of the malicious systems that are developed by hackers and other cyber attackers to trick their victims and breach their accounts to steal their sensitive data.

On the other hand, the new Panda malware is a new information-stealing device virus that was discovered by Trend Micro, which is a reliable cybersecurity software firm. The security company’s researchers said that “crypto wallets are now as big of a target for online theft as banking accounts are,” said the Trend Micro researchers who discovered the attack. With more people getting into cryptocurrencies and the values of said cryptocurrencies still increasing, this will only become a greater threat moving forward.”

Aside from this, the involved security experts and researchers also said that the new Panda malware could be more dangerous compared to other viruses since it is different from a credit card theft or a bank robbery. They added that it could have no central authority that can undo malicious transactions.

Related Stories:

Two Chinese Nationals Plead Guilty Over “Stirring Up Trouble And Picking Quarrels” On Internet

Facebook’s Data Harvesting Machine: Here’s Why You Should Worry About It

Once the new Panda malware successfully steals your money and the transaction made goes on the blockchain, there’s a high chance that the victims can no longer recover them. This is also the reason why they are now advising the users not to be too confident when it comes to using crypto-wallets. Here are other specific details of the new malware that you should know about.

How Efficient is the New Malware?

Trend Micro’s experts said that at a high level, the new Panda Malware begins to spam messages that contain a malicious attachment or file, which specifically uses PowerShell scripts. These specifically include task automation and configuration management coding language Microsoft.

All of these files are needed so that the hackers can install the actual Panda Stealer malware, which is then loaded without files onto the affected system. The researchers said that “none of this is particularly novel in and of itself – malicious Office documents are well known, so is fileless loading. The main ‘new’ aspect here is the target of the data theft.”

  • Panda Malware: Your Crypto Wallet is at Risk; What Do You Need to Do?
    Markus Spiske Iar on Unsplash

Aside from attacking cryptocurrency wallets, security experts also claimed that the new computer virus also attacks various applications such as Telegram, Discord, and other popular messaging platforms which are used by people to communicate with those who are also in the cryptocurrency communities.

The researchers at Trend Micro said that this new computer virus was first spotted back in April. They said that this is the time it became active, sending spam emails the same rare fileless distribution method as a separate recent attack.

On the other hand, another cybersecurity firm called Morphisec discovered another computer virus called the Phobos malware or ransomware campaign. They said that it was also discovered last April, using identical fileless distribution. This means that they could be the same malware.

Because of this, the security researchers said that they are having some difficulties tracking the new computer virus using their security tools.

Computer Virus Crypto Wallet Malware Panda Panda Malware 2021-05-11
Noah Gravel
Tags Computer Virus Crypto Wallet Malware Panda Panda Malware

Author

Posted by : Noah Gravel
Noah is a tech writer for TechVisibility with a passion for tech products.
Previous Article :

Gaming Capability of Laptops

Next Article :

Online Poker Bonuses: Various Types and How it Works

Related Articles

Release of ActivityKit Beta Enabled Developers To Create Live Activities For The iOS 16 Lock Screen

Release of ActivityKit Beta Enabled Developers To Create Live Activities For The iOS 16 Lock Screen

Noah Gravel 28 Jul 2022
Ransomware “GoodWill” Urges Victims To Help The Poor In Exchange For Decryption Key

Ransomware “GoodWill” Urges Victims To Help The Poor In Exchange For Decryption Key

Mike West 26 May 2022
AMC, GameStop, and BlackBerry’s Stock Jump

AMC, GameStop, and BlackBerry’s Stock Jump

Mike West 30 May 2021
How to Configure Microsoft Defender On Every Device

How to Configure Microsoft Defender On Every Device

Noah Gravel 28 Jun 2022
FTC Warns: Never Post Your Vaccination Card on Social Media!

FTC Warns: Never Post Your Vaccination Card on Social Media!

Summer Collins 06 Feb 2021
iPhone AirDrop Issue: Why You Should Turn It Off; Is Apple Fixing It?

iPhone AirDrop Issue: Why You Should Turn It Off; Is Apple Fixing It?

Noah Gravel 24 Apr 2021

Leave a Reply

  • Facebook Comments
  • Disqus Comments (0)
Specify a Disqus shortname at Social Comments options page in admin panel

Subscribe to our Channel

YouTube Videos

Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo
Youtubevideo

Advertisement


TechVisibility


2493 Technology Drive
Hayward, CA 94545
800-601-4491
contact@techvisibility.com

Follow us

Recent Posts

  • Revisions On New Tax Credit Might Mean No Electric Vehicles Will Be Eligible

    Revisions On New Tax Credit Might Mean No Electric Vehicles Will Be Eligible

    Noah Gravel 09 Aug 2022
  • Nvidia Misses Q2 Estimates Due To A Crypto-Driven GPU Meltdown

    Nvidia Misses Q2 Estimates Due To A Crypto-Driven GPU Meltdown

    Noah Gravel 09 Aug 2022

Advertisement

  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Accessibility Statement
  • Advertise
  • About Us
  • Contact Us
  • Do not sell my info
  • YouTube Videos
  • My Account
Copyright 2021, All Rights Reserved
Developed By IdealVisibility.com
Posting....
Go to mobile version