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Crypto Security: The Dangers of Keyloggers in Crypto

From cryptojacking to social engineering and keylogger attacks, there are plenty of ways for hackers to get their hands on your crypto. According to Ledger CEO Eric Larcheveque, cryptocurrency is the easiest asset in the world to steal. So, do not make it even easier for hackers by allowing your cybersecurity to be overly lax.


Hackers may use keyloggers to take advantage of newbies and uncareful investors.


What is a Keylogger?

A keylogger entails software that records any text-infected individual inputs into the keyboard. The hacker then gets the recorded data from the software. Since keyloggers record keystrokes in computers, they pose a danger in crypto.


One use case, primarily positive of keyloggers, is the use by parents. Parents can use it to monitor the activities of children. Additionally, employers can use it to track their employee's activities during work hours (with their consent, though).


It can also be used to record passwords in an operating system crash.


On the other hand, one of the negative sides of it is that hackers and cybercriminals mostly use keyloggers. In this case, they get access to sensitive information like credit card numbers, passwords, banking credentials, etc., from unsuspecting victims.


There are two main types of Keyloggers:

  1. Hardware keyloggers- Hardware keyloggers consist of a small chip or wire attached to the computer. They are easy to detect, unlike software keyloggers.

  2. Software keyloggers- Software keyloggers consist of a software program secretly installed into your computer by the hacker. They can either be downloaded directly on the host computer (e.g., via phishing attacks), or they can be downloaded remotely.

Software keyloggers may include;

  • Javascript-based keyloggers mainly injected into websites

  • APIs which run inside applications

  • Web forms that record any data submitted to web forms

Preventing a Keylogger

  • Install a good antivirus

  • Install an anti-keylogger software

  • Be careful with email attachments and links

  • Avoid clicking on ads and unverified websites

  • Keep your software and OS updated

Detecting a Keylogger

  • Use the task manager to check the application and background processes that are running on your device.

  • Inspect programs and features in your control panel on Windows

  • Scan for keyloggers using antivirus software

When removing a keylogger the process of removing a keylogger is the same as detecting. After detecting them, you can remove them manually or automatically with antivirus software.


Using a keylogger detector is the easiest and safest way to stop keyloggers.


Final Thoughts

Losing your hard-earned money to scammers is very painful and disheartening. Be proactive.

Educate yourself on safe and best practices, so you do not fall victim. Invest in the security of your assets.

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