Cyber Security Firm Issues Warning for Mac Users with Crypto

Kaspersky researchers have detected a recently identified malicious software circulating within the Apple Mac ecosystem. This threat runs through pirated applications and specifically aims to compromise the digital wallets of MacOS users who hold cryptocurrency.

“It doesn’t just steal crypto wallets; it replaces a wallet application with its own infected version,” the report warns.

Kaspersky Warns Mac Users Holding Crypto

In a recent statement, Kaspersky Researchers warns that Mac users must be on extra alert with downloading content from websites, especially those who hold crypto on digital wallets:

“Users should be extra cautious, especially with their cryptocurrency wallets. Avoid downloading from suspicious sites and use trusted cybersecurity solutions for better protection.”

Furthermore, it noted that this particular malware is targeting users using MacOS versions 13.6 and above.

Upon download, the malicious script examines a Mac for crypto wallet applications, replacing them with its own infected version.

According to Chainalysis, malware, while having the potential for illicit cryptocurrency activities, is surpassed by scams, sanctioned entities, and stolen funds.

However, ransomware, is often seen on Chainalysis’ yearly graphs, typically restricts computer system access until a crypto payment is made.

Read more: 15 Most Common Crypto Scams To Look Out For

Cyber Security Firms Face More Sophisticated Hackers

As technology advances, cyber security firms grapple with the challenge of enhancing security for both companies and individuals.

Furthermore, to combat more sophisticated hackers and scammers.

In August 2023, BeInCrypto reported that a researcher expressed skepticism about artificial intelligence (AI). Especially, being the ultimate solution for enhanced cyber security. According to the researcher, human intelligence can be just as effective.

Fowler contends that the crucial factor in improving security lies in promoting basic cyber skills. He emphasizes that educating employees about strong password management and clicking malicious links serves as the primary line of defense.

Meanwhile, North Korean hackers are devising alternative methods to deceive individuals into surrendering their Bitcoin.

In November 2023, BeInCrypto reported that these hackers from North Korea are assuming false identities as journalists and government agencies. Additionally, with the aim of pilfering cryptocurrency.

The hackers reportedly tricked 19 victims into giving them their user IDs and profiles to login in with their crypto trading accounts. From there they are able to drain wallets of Bitcoin and other crypto.

Read more: How To Identify a Scam Crypto Project