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What happens when the Yin meets the Yang? It brings about balance on a cosmic level. The advent of the decentralized Blockchain technology and with it, cryptocurrency, has become pretty mainstream. Add to it, the multiple number of apps that are now available online with a click of a button specially on Google Play Store, we should have an easy transition to all things decentralized. But, as always it is with life, even this technology is facing an unknown enemy in the shape of Malware ridden apps. Malicious Crypto Apps on Play Store are matter enough for generating concern, but add to it, crypto jacking and we have a new level of hell.
Malicious Cryptocurrency Apps: A Sad Reality
- Avoid installing any applications from third party run app stores.
- If downloading from Play Store, ensure that you have a working Mobile Security app for extra protection that scans and screens the app at the time of installment.
Also Read : How to Remove Malware and Adware from Your Mac
Crypto Jacking: Flip Side of Malware Apps
Another aspect that affects Android enabled smartphone devices is that these applications may be deleted from our system, they leave behind a footprint in the form of cryptojacking. In it, they secretly mine Monero without the victim’s knowledge. Previously, there was a huge call back on many sites and application that used the victim’s CPU power for mining purposes. With ongoing mining, the victim shall forever find their phones to work slow and lose a lot of its battery power even with little use.
Another aspect that affects Android enabled smartphone devices is that malware applications copy the look, style, format, interface apart from the name of the original app available on Play Store and confuse the users. As was the case with My Ether Wallet, (a famous Ethereum Wallet) the attackers simply changed the intercepting DNS requests directly to a Russian server and made a tidy sum as profit. It took Google almost a week to spot the flaw, but till then, it was too late. A total of $17 Million in Ethereum had been transferred off to the attackers accounts.
In Conclusion: Constant Vigilance!
As more and more people are joining in the bandwagon that is cryptocurrency, such malicious applications are bound to have a field day. One needs to be extra alert before downloading any application least it be malicious in nature.