Hackers find a new way to distribute malware by hiding malicious code in Blockchains
Hackers hide malicious code in blockchains to distribute malware. The story, the context and what it means for the future, from futurist Matthew Griffin.
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Griffin, M. (2024) 'Hackers find a new way to distribute malware by hiding malicious code in Blockchains', Fanatical Futurist, 22 Mar 2024. Available at: https://www.fanaticalfuturist.com/2024/03/hackers-find-a-new-way-to-distribute-malware-by-hiding-malicious-code-in-blockchains/
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Even when you don't think you're under attack you are ...
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Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code. A breakdown of the technique known as “EtherHiding” was shared by security researchers at Guardio Labs in an March report, explaining that the attack involves compromising WordPress websites by injecting code that retrieves partial payloads from the blockchain contracts.
The attackers hide the payloads in BSC smart contracts, essentially serving as anonymous free hosting platforms for them. The hackers can update the code and change the attack methods at will. The most recent attacks have come in the form of fake browser updates, where victims are prompted to update their browsers using a fake landing page and link.
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The payload contains JavaScript that fetches additional code from the attacker’s domains. This eventually leads to full site defacement with fake browser update notices that distribute malware. This approach allows the threat actors to modify the attack chain by simply swapping out malicious code with each new blockchain transaction. This makes it challenging to mitigate, according to Nati Tal, head of cybersecurity at Guardio Labs, and fellow security researcher Oleg Zaytsev. Once the infected smart contracts are deployed, they operate autonomously. All Binance can do is rely on its developer community to flag malicious code in contracts upon discovery. Guardio stated that website owners using WordPress, which runs roughly 43% of all websites, need to be extra vigilant with their own security practices before adding: “WordPress sites are so vulnerable and frequently compromised, as they serve as primary gateways for these threats to reach a vast pool of victims.” The firm concluded that Web 3.0 and blockchain bring new possibilities for malicious campaigns to operate unchecked. “Adaptive defenses are needed to counter these emerging threats,” it said.
About the author
Matthew Griffin Founder, President and Futurist, 311 Institute
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath."
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Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath." 17-time best selling author of the "Codex of the Future" series, Matthew is the Founder, President and Futurist of the 311 Institute, a global Futures and Deep Futures advisory firm working with royal households, world leaders, G7, G20, and G77 governments, NGOs, and multi-national mid and mega cap firms to help them explore, shape, and lead the next 50 years of business and society.
An award-winning YouTube creator with over a million followers, with an unrivalled global reach and impact, Matthew is a highly sought-after international keynote speaker, lecturer, and mentor who collaborates with global leaders through the United Nations Alliance of Civilizations (UNAOC) and United Nations General Assembly (UNGA) to shape pivotal initiatives such as the UN’s AI for Humanity program, the United Nations Conference of the Parties (UN COP), and the World Economic Forum in Davos.
As the former Global Head of Cloud, National Security, and Enterprise Sales for companies including Atos, Dell-EMC, and IBM, Matthew has a proven track record of building multi-billion dollar business units and turning failing divisions into market leaders. His ability to identify, analyse, and communicate the implications of hundreds of emerging technologies and trends is unparalleled, and his insights are trusted by many of the world’s most respected organisations, including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi, Coca-Cola, Dentons, Deloitte, Dow Jones, EY, Google, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, Siemens AG and Siemens Energy, T-Mobile, UBS, VISA, Walmart, Workday, Worldpay and many others.
Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.
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Source: first published by Fanatical Futurist on 22 Mar 2024. You are welcome to quote this article with credit and a link to the original.