Malware for Bitcoin ATM Automated Teller Machine Now being sold on the Dark Web, according to the findings of Trend Micro, a Tokyo-based security software manufacturer. This was revealed on Trend Micro’s blog on the 7th of August, as Bitcoin ATM malware was reported being sold for a whopping sum of $25,000. The seller sells malware that has EMV and NFC capabilities, and these are what aids the attack on BTC ATMs.
Bitcoin BTC ATM Malware Trending
There is now malware for Bitcoin ATM Automated Teller Machine, even as the number of Bitcoin ATM in 2018 has increased by over 300% than that of last year.
There were a total of 1000 Bitcoin ATM in the universe a year ago, but presently there is more than 3500 Bitcoin ATM globally. As the cryptocurrency community is still battling with cryptocurrency wallet and exchange hacking, hackers seem to have found another loophole on Bitcoin ATM installations which puts those who have invested into installing these Bitcoin ATMs at a huge risk.
Malware also is known as malicious software, is any program or file that is harmful to a computer user. Malware includes computer viruses, worms, Trojan horses, and spyware.
As discovered by Trend Micro on the dark web a respected builder and seller of the malware for Bitcoin ATM was found. The malware comes with a ready to use a card that has EMV and NFC capabilities. The malware is sold for 25,000 dollars, and it exploits BTC ATM vulnerabilities to dispense huge sums of money at a go. As revealed there has been a considerable number of sales made, with proof of good reviews on the platform on which it’s sold. Those who have purchased seems to be happy with it as they attest to its operation.
Further details on the usage of the malware were given by the seller on the dark web, as the operation of hacking does not require any form of physical access. Users involved in this are also able to go unnoticed as there are procedures to disable the machine from the network to avoid the machine triggering its alarm mechanism.
Even though the cryptocurrency world is still emerging and not yet established, it has faced much opposition from pessimists, wallets hackers and now ATM hackers.
As more acceptance from institution and government is expected to trail cryptocurrency in coming months and years, measures to fight hacks will be more appropriately tackled. However, before then, significant players and firms in the industry need to find means to combat the widespread of hacks.