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Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
malware

Checking Crypto Prices on Your Mac? Watch Out for Malware

Tony Spilotro by Tony Spilotro
4 years ago
in Cryptocurrency Technology
Reading Time: 3 mins read
Advertisement

A popular cryptocurrency price ticker available to download for Apple’s Mac computer lineup includes malware that could expose investors to cyber criminals seeking to steal a user’s cryptocurrency holdings.

CoinTicker Mac App Leaves Investors Exposed to Malware

Cyber security firm Malwarebytes Labs, best known for their antivirus and malware monitoring and removal software, has posted a public service announcement on their official blog, warning Mac users of a cryptocurrency price ticker app available to download on the Apple App Store for Mac that leaves users exposed to two potential backdoors for cyber criminals to access.

The app, called CoinTicker, adds a handy price ticker in the status bar at the top of a Mac user’s screen, alongside important information such as the time, date, and wifi connection. The app can be set to show real-time price data for Bitcoin (BTC) and dozens of other altcoins such as Basic Attention Token (BAT) and Monero (XMR), pulled directly from popular exchanges like Bitfinex, Binance, and many more.

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Malwarebytes Labs reports that a forum user had discovered that after the app was installed, CoinTicker then installs two open-source backdoors by the name of EvilOSX – in reference to Mac OSX – and EggShell. The two “broad-spectrum backdoors” aren’t malicious on their own, but Malwarebytes Labs believes the access would be used to steal a user’s crypto assets.

“Since the malware is distributed through a cryptocurrency app, however, it seems likely that the malware is meant to gain access to users’ cryptocurrency wallets for the purpose of stealing coins,” the company speculated.

While Apple is known to have a strict process for vetting apps, CoinTicker is currently ranked 100th in Apple’s App Store list of finance-related apps and is putting Apple customers who invest in cryptocurrencies at a significant risk. The oft cited claim from Apple aficionados that their machines are immune to malware is weakening by the day. 

How to Protect Yourself From Crypto-Malware

Cryptocurrency investors are already dealing with enough challenges, including a sometimes difficult-to-understand emerging technology, market uncertainty, and more. But among the most important issues for crypto investors to look out for, are related to malware and personal security.

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There are two primary types of cryptocurrency malware users should be aware of: crypto-jacking malware used to mine for cryptocurrencies, and malware geared toward stealing a user’s cryptocurrencies. While crypto-jacking still poses a threat to users, it doesn’t put a user’s assets at risk. It instead hijacks computer resources to mine for cryptocurrencies, and can cause issues like computer slowdown, or cause programs to crash while the malware operates in the background. None of which is a serious threat.

However, it’s the crypto-stealing malware that either steals sensitive user data such as logins and passwords, or replaces crypto wallet addresses copied to a computer’s clipboard with a cyber criminal’s address, that investors need to be extra wary about.

Crypto investors are encouraged to do their own research into crypto-related security measures, however, a few simple steps can go a long way in keeping crypto assets safe:

  • Only download apps, add-ons, or plug-ins from a trusted third-party.
  • Ensure all system software and apps, add-ons, and plug-ins are updated regularly.
  • Look out for any unusual computer slowdown after downloading a new program.
  • Double- and triple-check crypto wallet addresses before sending.
  • Regularly scan your computer using a reputable malware removal tool, such as the one provided by Malwarebytes Labs.
  • Last but not least, never, ever disclose your crypto holdings publicly – it could make you a target.

 

Image from Shutterstock
Tags: applecryptojackingMacmalwaremalwarebytesmalwarebytes labs
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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