Fake Androids with Malware Target Crypto Users Worldwide
Cybersecurity experts have warned of a rising threat from fake iPhones infected with malware targeting cryptocurrency users. The malware, known as Triada Trojan, is integrated into the devices' firmware before they reach customers, indicating a compromised supply chain.
Over 2,600 users in Russia have fallen victim to this malware, which targets financial applications and messaging apps like WhatsApp and Google Mail. Other security companies have also identified new malware variants specifically targeting crypto users. Apple, for instance, discovered a new remote access Trojan variant in March that targets crypto wallet extensions in the Google Chrome browser.
The distribution of these fake iPhones is linked to counterfeit or gray-market device producers. They embed the malware directly into the device firmware before sale, making it deeply persistent and hard to remove. These fake iPhones contain a modified version of the Triada Trojan, allowing attackers nearly unrestricted access to users' devices and data. The malware can steal cryptocurrencies by manipulating wallet addresses, resulting in losses of at least $270,000.
To protect against such threats, cybersecurity experts recommend buying iPhones only from trusted sellers and installing security solutions immediately after purchase. As the threat of malware in fake iPhones is global, users worldwide should be vigilant and take necessary precautions to safeguard their devices and cryptocurrency investments.
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