A malicious piece of software claims to help you store a cryptocurrency called SpriteCoin. Researchers found that the software will encrypt – http://www.answers.com/topic/encrypt all your files.
James Martin/CNET

As enthusiasm grows for new forms of cryptocurrency, a group of hackers is trying to con you. A product billed as a digital storehouse for a cryptocurrency called SpriteCoin is actually ransomware, according to a report – from cybersecurity researchers at Fortinet. The researchers don’t think SpriteCoin – http://www.houzz.com/?search=SpriteCoin is a real cryptocurrency, but if, in your haste to beat everyone else to the latest goldmine, xmr wallet – https://gkmind.tk/60495/bitcoin%26apos-murkier-rivals-displace-cybercriminals%26apos you download a file claiming to be a SpriteCoin xmr wallet – https://www.my-monerowallet.com, you’re likely to find your computer’s files encrypted and unreadable. A ransom note will tell you to pay a set amount in Monero — a real cryptocurrency. Worse, if you pay, the key that’s supposed to decrypt your files will install even more malicious software onto your device. The scam is one more example of how hackers apply old scams to new trends. One of the oldest tricks in the hacking book is getting you to download something bad onto your computer. If your excitement at making money off cryptocurrency causes you to be a little careless, it seems hackers could make some money off you. “The allure of quick wealth through cryptocurrency seems to be enough to trick unsuspecting users to rush toward the wallet app du jour without consideration,” Fortinet researchers wrote in their description of the attack.The researchers told ZDNet – that hackers could be testing the waters with this attack, which they found being spread around on online forums.”What we infer is that the intent is not about the amount of money, but possibly about proof of concept or testing new delivery mechanisms, and to see how many people would fall for it,” Tony Giandomenico, a senior security researcher at Fortinet FortiGuard Labs, told ZDNet. – : CNET tells you everything you need to know about VR. – : Check out a sample of the stories in CNET’s newsstand edition.

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website ] But some have suggested that the fact that the WannaCry hackers demanded bitcoin shows how amateur they are. “If it was me, I would want people to use bitcoin all day, because you can trace it,” said Luke Wilson, vice president for law enforcement at Elliptic, a London-based security firm that tracks illicit bitcoin transactions and that counts the U.S.
Federal Bureau for Investigations (FBI) among its clients. Wilson, who used to work at the FBI, where he set up a taskforce to investigate the use of virtual currencies, did not disclose all the ways that Elliptic and law enforcement agencies find criminals using bitcoin. But sometimes, he said, the offenders make as obvious a mistake as withdrawing money from a bitcoin xmr wallet – https://www.my-monerowallet.com directly into their bank accounts. CAT-AND-MOUSE GAME More sophisticated criminals use obfuscation methods that make it very hard to be tracked down. One of the most basic ones is a technique known as “chain-hopping”, whereby money is moved from one cryptocurrency into another, across digital currency exchanges – the less-regulated the better – to create a money trail that is almost impossible to track. Newer and more complex money-laundering – https://www.rewards-insiders.marriott.com/search.jspa?q=complex%20money-laundering methods have also emerged in recent years, which make it very difficult for law enforcement and bitcoin security firms such as Elliptic or New-York-based Chainalysis to track down cybercriminals. “It´s a cat-and-mouse game – as police and companies like Elliptic catch up to criminals´ techniques, they invent new techniques,” said Jerry Brito, executive director of the Washington, D.C.-based Coin Center, a not-for-profit advocacy group focusing on public policy issues around cryptocurrency. These techniques are not foolproof, however – chain-hopping, for example, relies on unregulated exchanges that do not carry out know-your-customer (KYC) checks, and security firms say they will develop ways to trace such methods. MONERO HACK Easier, perhaps, would be for cybercriminals to use next-generation cryptocurrencies that have built-in anonymity from the start, such as Monero, Dash and Z-Cash. And indeed, experts said late on Tuesday that a computer virus that exploits the same vulnerability as the WannaCry attack had latched on to more than 200,000 computers and begun using them to manufacture – or “mine” – monero wallet – https://www.my-monerowallet.com currency. But with a total value of around $425 million – a

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