Cryptocurrency exchange reportedly targeted by a virus

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ThreatFabric, an Amsterdam-based cybersecurity company, has released a report about a new threat to the crypto community, known as the “Cereberus” Trojan virus.

According to them, Cereberus is capable of stealing two-factor authentication codes generated by the Google Authenticator app, which are used to secure online banking and email accounts, as well as cryptocurrency accounts on certain exchanges.

Once the virus is installed on a device, it is capable of downloading all content to a remote location, which can then be accessed by any number of fraudsters or criminals.

Coinbase the largest cryptocurrency exchange in the world is among the first targets

Cereberus Trojan Aimed At Major Cryptocurrency Exchanges

Like other types of malware, a Trojan virus is designed to undermine a device’s or network’s security functions.

The Cereberus virus works by stealing two-factor authentication codes (2FA) and giving them to whoever is behind the attack. On top of this, the virus is also able to steal PIN codes and swipe patterns from infected devices, giving the malicious actor access to any content present the device.

Fortunately, the best way to prevent a cyber attack on your crypto is to use a physical authentication key , as opposed to a digital key, which can be accessed remotely. The only way for a fraudster to gain access to a physical key is by actually gaining access to the device itself. Therefore, there’s a significantly lower chance of an attack taking place.

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