Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky

1 year ago

The cybersecurity steadfast predicted that crypto-related cybercrime won't dilatory down successful 2023, but it volition determination connected from Bitcoin arsenic a root of payment.

 Kaspersky

Bitcoin (BTC) is forecasted to beryllium a little enticing outgo prime by cybercriminals arsenic regulations and tracking technologies improve, thwarting their quality to safely determination funds.

Cybersecurity steadfast Kaspersky successful a Nov. 22 report noted that ransomware negotiations and payments would trust little connected Bitcoin arsenic a transportation of worth arsenic an summation successful integer plus regulations and tracking technologies volition unit cybercriminals to rotate distant from Bitcoin and into different methods.

As reported by Cointelegraph, ransomware payments utilizing crypto topped $600 million successful 2021 and immoderate of the biggest heists specified arsenic the Colonial Pipeline onslaught demanded BTC arsenic a ransom.

Kaspersky besides noted that crypto scams person accrued on with the greater adoption of integer assets. However, it said that radical person go much alert of crypto and are little apt to autumn for primitive scams specified arsenic Elon Musk-deepfake videos promising immense crypto returns.

It predicted malicious actors volition proceed trying to bargain funds done fake archetypal token offerings and nonfungible tokens (NFTs) and crypto-based theft specified arsenic astute declaration exploits volition go much precocious and widespread.

2022 has mostly been a twelvemonth of span exploits with much than $2.5 cardinal already pilfered from them arsenic reported by Cointelegraph.

The study besides noted that malware loaders volition go blistery spot connected hacker forums arsenic they are harder to detect. Kaspersky predicted that ransomware attackers whitethorn displacement from destructive fiscal enactment to much politically-based demands.

Related: Hackers keeping stolen crypto: What is the semipermanent solution?

Back to the present, the study noted an exponential emergence successful 2021 and 2022 of “infostealers” — malicious programs that stitchery accusation specified arsenic logins.

Cryptojacking and phishing attacks person besides accrued successful 2022 arsenic cybercriminals employment societal engineering to lure their victims.

Cryptojacking involves injecting malware into a strategy to bargain oregon excavation integer assets. Phishing is simply a method utilizing targeted emails oregon messages to lure a unfortunate into revealing idiosyncratic accusation oregon clicking a malicious link.

View source