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Meanwhile, cryptojackers-one of the prevalent cryptocurrency-related malware-do try to mine cryptocurrencies on their own, but such a technique is heavily dependent on the target device’s resources and capabilities. However, that requires the target user to manually do the transfer. For example, some ransomware campaigns prefer cryptocurrency as a ransom payment. Before cryware, the role of cryptocurrencies in an attack or the attack stage where they figured varied depending on the attacker’s overall intent. Because hot wallets, unlike custodial wallets, are stored locally on a device and provide easier access to cryptographic keys needed to perform transactions, more and more threats are targeting them.Ĭryware signifies a shift in the use of cryptocurrencies in attacks: no longer as a means to an end but the end itself.
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But Microsoft researchers are observing an even more interesting trend: the evolution of related malware and their techniques, and the emergence of a threat type we’re referring to as cryware.Ĭryware are information stealers that collect and exfiltrate data directly from non-custodial cryptocurrency wallets, also known as hot wallets. The steep rise in cryptocurrency market capitalization, not surprisingly, mirrors a marked increase in threats and attacks that target or leverage cryptocurrencies.
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