After an encouraging decline in 2022, the ransomware landscape saw a major escalation in the frequency, scope, and volume of attacks, resulting in victims paying out over US$1.1 billion in cryptocurrencies to cyber criminals last year. The findings, which are part of Chainalysis’ upcoming 2024 Crypto Crime Report, also highlightedRead More…

Chainalysis, the blockchain data platform, has unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of Cryptocurrency Report, providing comprehensive insight into the actual state of crypto markets and cryptocurrency utilisation across the world. This report revealed that between July 2022 and June 2023, the majorityRead More…

Kaspersky has unearthed a phishing campaign targeting cryptocurrency users across the globe. The scheme showcases the ever-evolving tactics used by cybercriminals, reflecting cryptocurrency’s increasing appeal. During the spring of 2023 alone, Kaspersky’s solutions detected and thwarted over 85,000 scam emails, encompassing both hot and cold wallets. Kaspersky provides an in-depthRead More…

Kaspersky recently investigated the DeathNote, one of clusters that belong to the infamous Lazarus group. DeathNote has transformed drastically over the years, beginning in 2019 with attacks on cryptocurrency-related businesses worldwide. By the end of 2022, it was responsible for targeted campaigns that affected IT companies and defense companies inRead More…

Kaspersky’s anti-phishing systems have prevented 5 million cryptocurrency-related phishing attacks in 2022, increasing by 40 percent compared to the previous year. Conversely, there was a decrease in the detection of traditional financial threats, such as banking and mobile financial malware. These and other findings can be found in company’s latestRead More…

2022 was the biggest year ever for crypto hacking, with US$3.8 billion stolen from cryptocurrency businesses, up from US$3.3 billion in 2021. This increase is even more pronounced when compared to 2019 and 2020, when the total for each year was significantly lower at US$0.5 billion. Over the course ofRead More…