Crypto wallet owners in South Korea should be wary of a new type of mobile malware. Cybersecurity firm McAfee reported that the malware is designed to steal seed phrases. A seed phrase is a string of 12 to 24 random words that are used to regain access to a crypto wallet.
SpyAgent Malware
McAfee researchers noted that this new malware threat, called SpyAgent, is disguised as more than 280 fake apps offering a variety of services, including banking, TV streaming, government, and services. These fake apps have been operating in Korea since the beginning of the year and scrape user data from texts, contacts, and stored images and send them to remote servers. This information is scanned for seed phrases.
Dissemination Methods
McAfee’s Sang Ryol Ryu said the malware is spread through phishing campaigns. These campaigns use text and social media messages that contain malicious links to fake websites. These fake sites encourage users to download apps that appear to be legitimate, which is how the malware is installed on devices. Users should always check the validity of any message or link before clicking on it.
Precautions to be taken by users
Users should avoid downloading applications from third-party sources on their devices. In addition, regular scans should be performed using reliable antivirus software and devices should be secured. Be especially careful with messages and links from unknown sources.
McAfee stressed that users should increase their awareness to protect themselves from such malware. It is important for users to get information from reliable sources and keep their devices up to date. It is also recommended that they immediately report suspicious activity and take necessary action.
McAfee’s warning highlights once again the need for crypto wallet owners to take proactive steps to increase their security. Users should be vigilant and perform regular checks to ensure the security of their devices.
The newly emerged SpyAgent malware is a serious threat to the security of crypto wallet owners. Users in South Korea should check the validity of the apps they download to their devices and be careful of suspicious links. Awareness should be raised and security measures should be taken to prevent the spread of such malware.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
