Update Sept 14, 2011: Malware, Crimeware, Trojans and Phishing in the Bitcoin Economy

I’ve spend 8 years tracking internet cyber crime, and am involved with numerous banks, security companies and industry working groups to track and prevent it. It’s no surprise that as the Bitcoin virtual currency expands in adoption and value, that criminals begin to attack it and those who use it.

Here is my summary of recent criminal activities against Bitcoin, Bitcoin businesses, and Bitcoin users:
– Sept 14, 2011. Bitcoin GPU mining trojan distributed over twitter retweets
– Sept 13, 2011. More Mt.Gox phishing
– Sept 12, 2011. User says Mt.Gox account hacked and funds sent to the Ukraine
– Sept 10, 2011. Bitcointalk.org forum hacked by Cosbycoin
– Sept 09, 2011. 35 trojans targeting Bitcoin detected by Kaspersky Labs
– Aug 30, 2011. Mt. Gox Phishing attacks
– Aug 8, 2011. Mybitcoin.com hacked. Goes bankrupt. Refunds only 49% of funds to customers
– June 20, 2011. MT. Gox exchange hacked, causing massive crash of Bitcoin value. Deeper analysis is here.

NEWS: proposed new attack on Namecoin, a fork of the Bitcoin technology:
– Coming on Sept 16, 2011. Namecoin to be attacked at block #19200

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About Dave

I have been into financial cryptography and alternative electronic currencies since the mid 1990s. I have attended the Financial Cryptography conference, and have invented patents in the fields of cryptography and security. I've built systems for Visa, the US Federal Reserve, NASD, and hundreds of banks around the world.

Posted on September 14, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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