Malware specially designed to target Cryptocurrency Distributors is located on a dark web.
The traditional ATM, which is used by about 300 million people, has connected to bank cards, releases physical funds, has become a target of cyber attacks and criminals around the world already.
All of the skimmers that record and extract credit card data, physical changes, and exploits designed to infringe aging networks on which the operating system and ATM are based are all used.
This problem is widespread and has such a financial impact to both consumers and financial institutions, IBM is receiving increased ATM security testing. Last year, I had 300% claim right.
Despite attempting to catch up with the current ATM system and correct it, encryption machines are quickly adopted.
According to Bitcoinist, approximately 3,500 encrypted ATMs are used, and of 2020 it has increased more than four times. Manufacturers of Genesis Coin and General Bytes share a market share.
However, as malware has already been developed for the next generation ATM that is not connected to a bank account, history seems to be repeating. Rather, it supports both encryption exchange and user's digital wallet.
Researchers at Trend Micro have revealed that this cryptogravit malware seems to be recognized and respected as a creator of malware.
In order for users to delete or transfer encryption, Bitcoin ATM uses the mobile number and ID card to verify the user's identity. After that, the user either inputs the wallet address or scans the QR code for transfer.
However, because the industry has a dominant portfolio provider and a large number of encryption exchanges, it lacks the standardization that malware developers are exploiting.
This malware list lists what the developer calls "service vulnerability". This list shows that 6,750 Bitcoins can be received in dollars, euros or pounds using Cryptocurrency ATM. Malware buyers also receive ready-to-use cards with EMV and NFC functions.
However, malware is not cheap, it is sold for $ 25,000. The high price pointed out by malware is expected to prevent over-selling to hackers in search of prompt profit.
This vendor also offers periodic EMV update EMV malware, which isolates ATM from the network and prevents alarms from ringing. In addition, malicious code puts the machine in engineering mode and multiplies money.
Cyber criminals continue to develop tools and expand to new markets, Trend Micro says. As the number of Bitcoin ATMs increases, it is expected that the number of malware targeting encrypted ATM will increase in the future. "