Cryptocurrency ATMs are not as safe as previously thought. With the rise of crypto acceptance, a new form of fraud has emerged in the face of malware that targets Bitcoin ATM vulnerabilities. According to Trend Micro security researchers, the malware is freely sold on the digital black market and goes up for $25,000, or the equivalent in British pounds or Euro.
Traditional automated teller machines have long been the target of phishers and criminals, with skimming devices and hidden cameras being a preferred method of fraud. However, according to Trend Micro, hackers have forgone physical skimming devices and are now taking a digital-based approach to Bitcoin ATMs.
“Unlike regular ATMs, there is no single set of verification or security standards for Bitcoin ATMs. For example, instead of requiring an ATM, credit, or debit card for transactions, a Bitcoin ATM involves the use of mobil...
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