Bitcoin (BTC) Wallets May Be in Danger as New Trojan Compromises Google 2FA

Bitcoin (BTC) Wallets May Be in Danger as New Trojan Compromises Google 2FA

A new malware called Cerberus now targets Android-based smartphones by stealing passwords provided by the Google Authenticator app, a new cyber-security report by ThreatFabric states.

As reported by the research group, Cerberus can do something that very few other Trojans are able to – mess with the Google Authenticator app and steal its one-time codes which are often used to secure access to Bitcoin wallets or accounts on digital exchanges.

Related

Bitcoin (BTC) Hacker Victim Approved to Sue AT&T, Judge Takes His Side

Until now, this Google app was believed to be the best protection, much more efficient than SMS-based security codes.

The ThreatFabric report says that the modern versions of this Trojan have been significantly improved and their functionalities are now close to those of remote access Trojans. The latter are believed to be a very powerful type of malware.

The researchers say that, so far, the upgraded Trojan has not been shared on hacker forums. However, this may well happen in the near future, they warn.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

Bitcoin (BTC) Wallets May Be in Danger as New Trojan Compromises Google 2FA

Bitcoin (BTC) Wallets May Be in Danger as New Trojan Compromises Google 2FA

A new malware called Cerberus now targets Android-based smartphones by stealing passwords provided by the Google Authenticator app, a new cyber-security report by ThreatFabric states.

As reported by the research group, Cerberus can do something that very few other Trojans are able to – mess with the Google Authenticator app and steal its one-time codes which are often used to secure access to Bitcoin wallets or accounts on digital exchanges.

Related

Bitcoin (BTC) Hacker Victim Approved to Sue AT&T, Judge Takes His Side

Until now, this Google app was believed to be the best protection, much more efficient than SMS-based security codes.

The ThreatFabric report says that the modern versions of this Trojan have been significantly improved and their functionalities are now close to those of remote access Trojans. The latter are believed to be a very powerful type of malware.

The researchers say that, so far, the upgraded Trojan has not been shared on hacker forums. However, this may well happen in the near future, they warn.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

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