How to Protect Your Crypto Funds Against Rilide Malware

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

Cryptocurrency has become an increasingly popular investment option due to the benefits it offers. However, with the increasing popularity comes the risk of cyber attacks. Malware such as Rilide has been identified as a major threat to users’ funds on encrypted exchanges. In this article, we will discuss what Rilide is, how it works, and most importantly, how to protect yourself from it.

Understanding Rilide

According to reports by Trustwave Spiderlabs, Rilide is a malicious software that disguises itself as a legitimate Google Drive plugin for Chromium-based browsers. This includes popular browsers such as Google Chrome, Microsoft Edge, Brave, and Opera. Once installed on the target’s device, it can monitor the browsing history and inject malicious scripts to steal funds from cryptocurrency exchanges.

How Rilide Works

Rilide works by stealing the user’s exchange login credentials and transferring the funds to the attacker’s wallet. It disguises itself as a genuine Google Drive plugin for Chromium-based browsers, making it hard to detect. Once Rilide gains access to the exchange account, it transfers the funds to an external wallet controlled by the attacker.

How to Protect Yourself from Rilide

1. Always Verify Downloads: Do not download plugins or applications from untrusted sources or sites. Make sure you verify downloads on reliable sites such as the Google Chrome Web Store.
2. Use Two-Factor Authentication: Most encrypted exchanges offer two-factor authentication as an added layer of security. This makes it harder for attackers to access your account even if they have your login credentials.
3. Keep Your Browser Up to Date: Regularly updating your browser ensures that security patches are up to date, and vulnerabilities are patched up.
4. Use Antivirus Software: Ensure that you have antivirus software installed on your device to prevent malware attacks.
5. Avoid Public Wi-Fi: Avoid using public Wi-Fi networks while accessing your encrypted exchange account, as they are not secure and can easily be compromised.
6. Check Account Activity: Regularly monitor your account activity for any unauthorized transactions or unusual login attempts.
7. Use a Hardware Wallet: Using a hardware wallet such as a Trezor or Ledger Nano S can help secure your cryptocurrency funds by creating an offline storage solution.

Conclusion

Rilide is a serious threat to users’ funds on encrypted exchanges. However, by following the outlined preventative measures, you can reduce the risk of falling victim to this malicious software. Verify downloads, use two-factor authentication, keep your browser up to date, use antivirus software, avoid public Wi-Fi, regularly check account activity, and use a hardware wallet. By doing so, you can ensure the security of your cryptocurrency assets.

FAQs

1. How can I tell if my device has been infected with Rilide malware?
– Signs of infection include slow device performance, frequent popups or advertisements, and unauthorized transactions on your exchange account.
2. Can Rilide be removed from my device?
– Yes, Rilide can be removed from your device by using reputable antivirus software.
3. Is it safe to use encrypted exchanges?
– While there may be some risks associated with using encrypted exchanges, by following proper security protocols, you can reduce the risk of any adverse outcomes.