Read more: cyberinsider.com
SpyAgent, a newly identified Android malware, is leveraging Optical Character Recognition (OCR) technology to extract sensitive cryptocurrency wallet recovery phrases. This malware searches through screenshots and images stored on infected devices and identifies the 12-word mnemonic phrases used to recover cryptocurrency wallets. The theft of these phrases allows attackers to gain access to victims’ cryptocurrency holdings. This threat poses a significant risk to users who store their recovery phrases in image format, underscoring the importance of safe storage practices and using robust security measures to protect sensitive information on mobile devices.