Webopedia on Google+Webopedia on TwitterWebopedia on FacebookTech Bytes Blog
Main » TERM » C »

Coinbit

Coinbit is a Trojan horse designed to steal users' Bitcoin wallets. Coinbit targets Windows computers by homing in on the standard file location for a Bitcoin wallet before e-mailing the wallet to an address designated by the creator of the malware. The malware 's full name is Infostealer.Coinbit, and it was first discovered in the wild in June 2011.

Bitcoin is a popular decentralized virtual currency exchanged peer to peer and earned by users through the process of mining, or contributing a computer's CPU cycles to mathematically generating new Bitcoin. Bitcoin wallets can be encrypted, which can help prevent Trojans like Coinbit from using brute force to open a wallet, especially when strong passwords are used.







TECH RESOURCES FROM OUR PARTNERS
DID YOU KNOW?
The Great Data Storage Debate: Is Tape Dead?

Tape clearly is on the decline. But remember, legacy systems can hang for a shockingly long time. Read More »

Apple Pay Promises to Strengthen Payment Security

Experts believe that Apple Pay and other competitive payment systems will be far more secure than cards, even cards equipped with EMV chips. Read More »

Internet of Things Shaping IT's Future

To make the IoT both work and pay off, IT is juggling upgrading and building app-centric networks, mapping out new data center architectures and... Read More »

QUICK REFERENCE
Webopedia Polls

The trend for the past two years has been for shoppers to spend more online during the holiday season. How do you typically shop for holiday... Read More »

How to Create a Desktop Shortcut to a Website

This Webopedia guide will show you how to create a desktop shortcut to a website using Firefox, Chrome or Internet Explorer (IE). Read More »

Flash Data Storage Vendor Trends

Although it is almost impossible to keep up with the pace of ongoing product releases, here are three recent highlights in the flash data storage... Read More »