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Hackers are exploiting a zero-day vulnerability in Windows Defender SmartScreen to infect crypto traders with malware. Researchers from Trend Micro revealed a threat actor going by Water Hydra (AKA DarkCasino) abused the zero-day, now tracked as CVE-2024-21412, in attacks conducted on New Year’s Eve 2023. Microsoft has since released a patch, and in a follow-up advisory, explained that an unauthenticated attacker “could send the targeted user a specially crafted file that is designed to bypass displayed security checks." Spearphishing on Telegram Microsoft further explained that the attack still relies on victim action: "However, the attacker would have no way to force a user to view the attacker-controlled content. Instead, the attacker would have to convince them to take action by clicking on the file link." Trend Micro claims Water Hydra was joining Telegram channels and forums for forex, stock, and crypto traders, and used spearphishing techniques to get people to install the DarkMe malware. The group shared a stock chart that linked to fxbulls[.]ru, a compromised Russian trading information site that, in fact, impersonates fxbulls[.]com, a forex broker platform. DarkMe, while dangerous on its own, was just a step towards the final goal, which was to deploy ransomware, the researchers claim. "In late December 2023, we began tracking a campaign by the Water Hydra group that contained similar tools, tactics, and procedures (TTPs) that involved abusing internet shortcuts (.URL) and Web-based Distributed Authoring and Versioning (WebDAV) components," Trend Micro explained. "We concluded that calling a shortcut within another shortcut was sufficient to evade SmartScreen, which failed to properly apply Mark-of-the-Web (MotW), a critical Windows component that alerts users when opening or running files from an untrusted source." The crypto industry has always been a popular target for cybercriminals. However, with bitcoin exchange-traded funds (ETF) finally approved, and the Bitcoin halving just two months away, the crypto industry is poised for yet another eye-watering bull run. This, as was the case in the past, will also attract more criminals. Via BleepingComputer More from TechRadar Pro This nasty Windows 10 zero-day vulnerability finally has an unofficial fixHere's a list of the best firewalls around todayThese are the best endpoint security tools right now View the full article