How Crypto scammers creating traps to break the system security

 Crypto news today:

A company called Trend Micro found a new kind of harmful software called Phemedrone Stealer. This software takes advantage of a problem in Microsoft Windows that has already been fixed. It specifically targets internet browsers and steals information from digital wallets used for cryptocurrencies. The report from the Texas-based company says that Phemedrone Stealer doesn't just take crypto-related info; it also gets data from messaging apps like Telegram, Steam, and Discord.

People who know about online security have seen that Phemedrone Stealer does more than just steal information like usual harmful software does. According to Crypto News, besides taking sensitive info, this software also takes pictures of what's on the screen and gathers a lot of details about the computer system, like what hardware it has, where it's located, and what operating system it uses. This way of doing things shows how advanced and complicated modern online threats are because the people behind them keep changing their methods.

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The stolen information gets sent to the scammers either through Telegram or a command-and-control (C&C) server. Trend Micro points out that the problem comes from the fact that Microsoft Defender doesn't check things properly when dealing with Internet Shortcut (.url) files. The crypto scammers use this weakness by making .url files, starting the download and execution of harmful scripts, and getting around Windows Defender SmartScreen warnings and checks.

Even though Microsoft fixed the problem, Trend Micro says that more and more harmful software attacks, like the ones spreading Phemedrone Stealer, are still using this weakness. It's not clear how much cryptocurrency or private information has been stolen because of Phemedrone Stealer.

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In 2023, a database called De.Fi REKT recorded 455 incidents of cyberattacks, with the biggest one taking $231 million and blamed on Multichain. Trend Micro says that despite the total being $2 billion, online security experts and good-guy hackers were able to get back about $200 million. This shows that even though the online threat is changing, the combined efforts of online security professionals are making a big difference in lessening the financial impact of bad online activities. It gives hope that there's a way to resist cyber threats.