Malicious Software, Rilide, Helping Cybercriminals Steal User Funds From Encrypted Exchanges

According to reports, researchers at Trustwave Spiderlabs claim that malicious software Rilide is helping cybercriminals steal user funds from encrypted exchanges. Rilide disguised itself as a legitimate Google Drive plugin for Chromium based browsers such as Google Chrome, Microsoft Edge, Brave, and Opera. In addition to allowing cybercriminals to monitor the browsing history of target victims, Rilide can also inject “malicious scripts to steal funds from cryptocurrency exchanges”.

Cybercriminals use malicious software Rilide to steal user funds from encrypted exchanges

As cryptocurrency becomes more mainstream, the security risks associated with using it increase. Cryptocurrency exchanges, in particular, are finding themselves targeted by cybercriminals looking to steal user funds. According to recent reports, researchers at Trustwave Spiderlabs claim that malicious software Rilide is being used by cybercriminals to infiltrate encrypted exchanges and steal user funds.

What is Rilide?

Rilide is a malicious software that disguises itself as a legitimate Google Drive plugin for Chromium based browsers such as Google Chrome, Microsoft Edge, Brave, and Opera. Once installed, Rilide allows cybercriminals to monitor the browsing history of target victims, injecting malicious scripts to steal funds from cryptocurrency exchanges. It’s a highly sophisticated software that can bypass many of the security protocols in place, making it difficult to detect and trace back to its source.

How does Rilide work?

Rilide’s primary function is to monitor the browsing history of its target victims. It does this by collecting data from the browser, which is then sent to a remote server controlled by cybercriminals. This data can include login credentials, browsing activity, and even personal information such as credit card numbers.
Rilide is also capable of injecting malicious scripts into cryptocurrency exchange websites. These scripts allow cybercriminals to gain access to users’ cryptocurrency wallets and make transfers without their knowledge or consent. This means that even if the user has not been actively using the exchange at the time of the attack, their funds may still be at risk.

How can we protect ourselves?

The best way to protect yourself from Rilide and other malicious software is to practice good cybersecurity hygiene. This includes:
– Only downloading software from trusted sources
– Keeping your antivirus software up to date
– Using two-factor authentication whenever possible
– Regularly monitoring your cryptocurrency wallets and exchanges for any suspicious activity
It’s also important to be aware of the signs of a potential Rilide attack. These can include:
– Being asked to download a Google Drive plugin from an untrusted source
– Unusual or suspicious activity on your cryptocurrency wallets or exchanges
If you suspect that you may have been targeted by Rilide or any other type of cyberattack, it’s important to act quickly. This may include contacting your bank or cryptocurrency exchange, changing your login credentials, and alerting law enforcement.

Conclusion

As cryptocurrency becomes more commonplace, it’s important to remain vigilant against potential security threats such as Rilide. By following basic cybersecurity best practices, such as using antivirus software and monitoring your accounts for suspicious activity, you can greatly reduce your risk of falling victim to cybercriminals.

FAQs

1. Can Rilide only target Chromium-based browsers?
– Yes, Rilide is specifically designed to target Chromium-based browsers such as Google Chrome, Microsoft Edge, Brave, and Opera.
2. Is it possible to trace Rilide back to its source?
– Due to its highly sophisticated nature, tracing Rilide back to its source can be difficult. However, law enforcement agencies and cybersecurity experts are working to identify and track down those responsible.
3. How can I know if my funds have been stolen by Rilide?
– If you notice any unusual activity in your cryptocurrency wallets or exchanges, such as unexpected transfers or changes to your login credentials, it’s important to act quickly. Contact your bank or exchange, change your login credentials, and consider reporting the incident to law enforcement.