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Thread: Experts warn remaining bitcoin holders to prepare for malware

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    Default Experts warn remaining bitcoin holders to prepare for malware

    The supporters of the bitcoin currency, consumers and businesses alike, need to improve their security defenses and prepare for the numerous pieces of malware aimed at stealing the digital currency, according to Dell SecureWorks.




    "The problem is that most people are unprepared," said Joe Stewart, SecureWorks director of malware research, in a statement to Computerworld. "With bitcoins and altcoins, you're essentially acting as your own bank."

    There are a number of different bitcoin-stealing malware in the wild, with the specific goal of targeting login credential information to bitcoin storage and exchange accounts. In fact, more than 100 types of malware have been designed specifically with the goal of stealing digital currency and giving cybercriminals access to the unregulated currency.

    Regulation has been a hot topic in growing discussion surrounding bitcoins, though the Japanese government said international regulations need to be created. Otherwise, each country with individual bitcoin laws and regulations can provide cybercriminals with the chance to slip through loopholes.

    Source: Experts warn remaining bitcoin holders to prepare for malware | TweakTown
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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    I knew this was coming,...........

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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    This is like a well Duh moment. Of course they want to steal stuff they makes them money. That is what they have been doing. lol Bank accounts. paypal info on and on and on.
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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    This is what the lack of regulation gets you. (although regulated banks seem to be under the gun alot these days)

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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    Quote Originally Posted by realneil View Post
    This is what the lack of regulation gets you. (although regulated banks seem to be under the gun alot these days)

    not sure what regulations have to do with hackers trying to steal your money. Even if there was some regulation on security hackers would still be trying to steal your money. There are regulations out the arse and it didnt stop them from stealing millions of credit card numbers over the holidays. lol
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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    Banks are required to have a certain amount of security built-into their systems. The requirements are pretty stringent. My son in law has been involved with writing translation code that allows banks from different nations to communicate securely.
    He told me that Bitcoin banks do not have those requirements. Some have good security, and others do not.
    His company has nothing to do with Bitcoin handlers because of this.

    I agree that hackers are gonna hack no matter what, but ~everyone~ having a very high level of protection would be a great idea.

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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    Quote Originally Posted by realneil View Post
    Banks are required to have a certain amount of security built-into their systems. The requirements are pretty stringent. My son in law has been involved with writing translation code that allows banks from different nations to communicate securely.
    He told me that Bitcoin banks do not have those requirements. Some have good security, and others do not.
    His company has nothing to do with Bitcoin handlers because of this.

    I agree that hackers are gonna hack no matter what, but ~everyone~ having a very high level of protection would be a great idea.

    trust me I agree and it will happen. The Issue with MT Gox makes this point even more valid. It is a natural progression of a new industry. It will take its lumps, weak minded managers will be cast out, more serious people move in and it will be a safer place. It just takes time. Forcing regulations down the throats of exchanges by heavy handed blind governments may do more harm then good. The Japaneses said it best. There needs to be Global regulation not Country by Country regulations that will leave holes in the system.
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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    Mt Gox was a hell of a wake up call for some of those customers.

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    Default Re: Experts warn remaining bitcoin holders to prepare for malware

    Quote Originally Posted by realneil View Post
    Mt Gox was a hell of a wake up call for some of those customers.

    Oh yes it was. A good one for the industry. Put consumers on alert! Now the Exchanges will have to satisfy consumer inquiries. "Look we have this in place to prevent that and we also offer this for that!" "We are transparent, you can follow every transaction made here and here."
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