Kaspersky Experts Assess The Biggest Cyberthreats In Crypto For 2022
November 26 2021 - 10:05AM
NEWSBTC
Don’t read this Kaspersky report if you’re prone to paranoia. The
cybersecurity experts and antivirus manufacturers released its
annual “Cyberthreats to financial organizations” paper and two
items are about cryptocurrencies. Prepare to be spooked. The report
begins with an evaluation of last year’s predictions and they were
only wrong about one, and not by much. Plus, this year’s
cyberthreats sound very much like a possibility. Luckily, you found
this article and can prepare yourself accordingly. Related
Reading | Hackers Nab $16 Million In BTC Through Bitcoin Wallet
Exploit Both Cybercriminals And State-Sponsored Actors Will Target
Cryptocurrencies First, Kaspersky paints the picture and gives us
the least scary threat: “The cryptocurrency business continues to
grow, and people continue to invest their money in this market
because it’s a digital asset and all transactions occur online. It
also offers anonymity to users. These are attractive aspects that
cybercrime groups will be unable to resist.” And then, Kaspersky
makes our skin crawl: “And not only cybercrime groups but also
state-sponsored groups who have already started targeting this
industry.” As the honeypot grows, criminals will be increasingly
attracted to cryptocurrencies. That much we can deal with. However,
the state-sponsored groups are also a logical progression. How
could they not target cryptocurrencies? And they’re going to use
much more sophisticated methods to get at you. For example:
Friendly reminder that @fold_app recently partnered with
@NianticLabs, backed by the @CIA #DeleteFoldApp
https://t.co/IdyXO5eAKb — Louisa Alexa (@LouisaAlexa) November 24,
2021 The people behind Pokémon GO recently partnered with Bitcoin
rewards card Fold App to make a Bitcoin-themed Pokémon GO clone
that pays in BTC. We have no idea if what this Twitter user says
holds any water, but the whole enterprise does sound suspicious.
And in light of this prediction by Kaspersky, even more so.
However, just to be clear, NewsBTC knows nothing about Niantic Labs
and the Fold App. Do your own research. BTC price chart for
11/26/2021 on Oanda | Source: BTC/USD on TradingView.com
Manufacturing Fake Devices With Backdoors Once again, Kaspersky
makes us rethink our security methods: “While some people consider
it risky to invest in cryptocurrencies, those who do realize that
their wallet is the weakest link. While most infostealers can
easily steal a locally stored wallet, a cloud-based one is also
susceptible to attacks with the risk of losing funds. Then there
are hardware-based cryptocurrencies wallets. But the question is,
are there sufficiently reliable and transparent security
assessments to prove that they are safe?” However, their prediction
is much more concerning: “In the scramble for cryptocurrency
investment opportunities, we believe that cybercriminals will take
advantage of fabricating and selling rogue devices with backdoors,
followed by social engineering campaigns and other methods to steal
victims’ financial assets.” There are already horror stories about
dubious software wallets that end up in lost funds. And yeah, fake
hardware wallets seem to be a logical next frontier. Just this
year, following the Ledger hack, reports of weird-looking Ledger
wallets took over the Internet. However, if a more sophisticated
criminal made a better-looking device, it could wreak havoc through
the cryptocurrency community. And if Kaspersky says it will happen…
Related Reading | DeFi Hack: Vee Finance Losses $35 Million To
Hackers Following Mainnet Launch Kaspersky Identifies Even More
Cyberthreats The “Cyberthreats to financial organizations” contains
a few more items that aren’t fully related to cryptocurrencies, but
may be of interest to all of you. They predict “an exponential
growth in infostealers,” and a rise in ransomware from “small
regionally derived groups.” Plus, data breaches in Open Banking,
Mobile Banking Trojans, and identify risk in remote workers using
company equipment for entertainment purposes. Read the whole thing
and be prepared for everything. Featured Image: vickygharat on
Pixabay | Charts by TradingView
Mina (COIN:MINAUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mina (COIN:MINAUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024