Cybercriminals have stolen nearly $220,000 worth of digital currencies in sustained, global attack

Cybercriminals have stolen nearly $220,000 worth of digital currencies in sustai

In a recent blog post, researchers from the Spider Labs deivision of security firm Trustwave have revealed that, in a sustained worldwide attack, cybercriminals have used 'Pony' malware to infect the computers of digital currency holders; and have stolen approximately $220,000 worth of bitcoins and other digital currencies.

Describing the attack as the biggest attacks on technology, the researchers said that the 'Pony' malicious application used by cybercriminals for launching the global attack pilfered the digital loot from 85 wallets during the period of between September 2013 and January 2014.

The researchers further elaborated that the attack - likely launched by a small group of cybercriminals - use the 'Pony' malware for stealing the digital wallets stored on infected computers. The infected computers comprised the 'Pony' botnet, and stole private data on the basis of orders received from a central command-and-control server.

Disclosing that he 'Pony' malware infected computers owned by between 100,000 and 200,000 individuals, the researchers said that the total number of credentials stolen in the data breach exceeded 700,000. These credentials included website, email and FTP account log-ins.

Noting that, as of Monday, 85 wallets storing the equivalent of $220,000 worth of digital currencies were broken into, Ziv Mador - Trustwave's director of security research - said: "As more people use digital currencies over time, and use digital wallets to store them, it's likely we'll see more attacks to capture the wallets."