Cryptocurrency thefts are increasing

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2018-06-08
Cryptocurrency thefts are increasing

According to a report by Cybersecurity Carbon Black, digital currency was stolen for about $ 1.1 billion in the first half of 2018.  The company notes that criminals use the opportunities of darknet for large-scale thefts of cryptocurrency. Accessible with the help of special software “dark Internet” is mostly not monitored and allows attackers to remain anonymous. There are 12 thousand trading platforms that hackers can use. Security expert Rick McElroy from Carbon Black Security said that the price of malicious software starts from $ 1 and is an average of $ 224. Such software solutions often have even their own support service. The volume of the malware market is about $ 6.7 million.

According to the study, the stock exchanges were the most popular target for cybercriminals this year. Attacks on them account for 27% of the total number of attacks.

The most frequent target of scammers are bitcoins – 10%, Ethereum – 11%, and Monero – 44%. The biggest number of incidents related to embezzlement of cryptocurrencies was recorded in the USA (24), China (10) and Great Britain (8).

The report notes that thefts of cryptocurrencies can be carried out by organized criminal cartels or criminal groups. However, they are often highly skilled professionals who are looking for a source of additional income, working alone. According to MakElroy, cyber fraud is “easy to implement,” to which any, not only the notorious hacker groups are capable.

“There are people who are taught programming, and who are sitting without work. It may just be a couple of people in Romania who need to pay rent, “the expert said.
Unlike banking and conventional financial transactions, crypto currency holders do not have institutional support to protect their savings or cover their losses in the event of fraud or hacker attacks.

“Usually we rely on banks. The network has tools to protect, but investors need to know how to use them. Many people do not know that in this new “gold rush” cloud wallets are used, and do not protect their money, “said the security expert.

CRYPTOCURRENCIES
  • bitcoinBitcoin$4,971.15
  • ethereumEthereum$161.93
  • rippleXRP$0.322537
  • tetherTether$1.01
  • eosEOS$5.21
  • stellarStellar$0.112693
  • litecoinLitecoin$76.72
  • cardanoCardano$0.080699
  • tronTRON$0.025639
  • moneroMonero$66.64
  • iotaIOTA$0.309209
  • nemNEM$0.063206
  • dashDash$118.55
  • neoNEO$10.85
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