Water Barghest’s IoT Havoc: When Your Smart Fridge Joins the Dark Side

Water Barghest is turning IoT devices into a cash cow by infecting them with malware and renting them out as residential proxies. They compromise gadgets faster than you can say “malware,” and they do it all with automation and cryptocurrency. With over 20,000 devices hijacked, Water Barghest is the ultimate IoT rent-a-spy.

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Hot Take:

In the world of cybercrime, it seems that IoT devices are the new black, and Water Barghest is strutting down the runway in a malware-infested trench coat. Who knew that your smart fridge could be moonlighting as a cybercriminal’s proxy server? It’s time to put those IoT devices on a digital leash or they’ll end up as the latest recruits in Water Barghest’s army of zombie gadgets!

Key Points:

  • Water Barghest has compromised over 20,000 IoT devices, turning them into residential proxies for anonymity.
  • The group has perfected their technique over five years, using automation and cryptocurrency for stealth operations.
  • They exploit IoT vulnerabilities, including zero-days, and monetize devices within minutes on specialized marketplaces.
  • Ngioweb malware has evolved from targeting Windows and Linux to focusing on IoT devices.
  • The demand for IoT botnets is increasing among APTs and financially motivated groups.

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