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Cryptocurrency Companies Targeted by Parallax RAT Malware

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On March 1, the security analysis platform Uptycs said in a new report that cryptocurrency companies were becoming the target of a new type of malware, which i…

Cryptocurrency Companies Targeted by Parallax RAT Malware

On March 1, the security analysis platform Uptycs said in a new report that cryptocurrency companies were becoming the target of a new type of malware, which included a remote access Trojan called Parallax RAT. It is reported that this software uses injection technology to hide in the legal process and is difficult to be found. Once successfully injected, the attacker can interact with the victim through Windows Notepad, which may be a communication channel. Parallax RAT allows attackers to remotely access infected devices, with functions such as uploading and downloading files, recording keystrokes and screenshots. In addition to collecting system metadata, Parallax RAT can also access data stored on the clipboard, and even remotely restart or shut down infected devices.

Security team: The malware containing the remote access Trojan “Parallax RAT” is targeting the encryption company

Interpretation of the news:


Uptycs, a security analysis platform, released a new report on March 1st, stating that a new kind of malware has been targeting cryptocurrency companies. The malware is said to have a remote access Trojan known as Parallax RAT, capable of hiding within the legal process using injection technology. This allows the malware to be difficult to detect, giving attackers the ability to interact with victims through Windows Notepad as a communication channel.

The Parallax RAT opens up infected devices for remote access by attackers, providing them with a number of malicious functionalities such as uploading and downloading files, recording keystrokes and screenshots. The malware can also collect system metadata and access data stored on the clipboard. Remote restart and shutdown of any infected device can also be accomplished by the attackers.

This malware has raised concerns for cryptocurrency companies, as hackers can easily access secured data such as finances and personal information through this sophisticated attack. As the use of cryptocurrencies continues to grow, there is a corresponding rise in the attempts to breach and exploit them.

For cryptocurrency companies, the appearance of the Parallax RAT is a warning to take more precautions when it comes to securing their systems. Basic security measures must be implemented such as multi-level authentication, secure filing and storage of confidential data, and investing in leading security software.

Furthermore, IT departments of cryptocurrency companies must constantly monitor for possible malware, such as the Parallax RAT, or any malicious activity that may be a sign of an ongoing attack. Investments in cybersecurity training for employees must be made in order to raise awareness and prevent potential errors that could lead to a security breach.

To conclude, the Parallax RAT malware serves as a reminder to cryptocurrency companies to remain vigilant against evolving cyber threats. With constant growth in the use of cryptocurrencies, such security breaches will doubtless become more extensive and complex. It is necessary for companies involved in the cryptocurrency industry to strengthen their cybersecurity measures to protect their data and ensure the continued credibility for crypto as a viable digital asset.

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