More Than $1.1 Billion In Crypto Has Been Stolen This Year

A study released yesterday by Carbon Black, a cybersecurity firm, has found that just in the first half of the year more than 1.1 billion dollars have been stolen from different sources in cryptocurrency related crimes. Carbon Black also alerted about how easy can be for criminals to commit these crimes even without technical knowledge about the issue, according to an article published by CNBC.
Carbon Black is a cybersecurity firm that develops solutions for detecting and eradicating computers threats in organizations. They acquire these statistics from their own experiences in dealing with these threats. Some of their most renowned clients are IBM and VMWare.
The firm acknowledged that the tools needed to perform some of these attacks are fairly simple and cheap to get on sites of the dark web. Some ransomware tools, that hijack remote machines, can be bought for less than 20 dollars with support included. About the types of organizations targeted, they found out that cryptocurrency exchanges were the most attacked, with 27 percent, due to the sheer amount of money that you can get with a single attack.
Certainly this year there has been a rise in attacks to exchanges; just in January Coincheck, a Japanese exchange, was hacked and lost more than 500 million dollars in a single attack; then Bitgrail, an Italian exchange got 195 million dollars stolen in another attack, and supposed secure cryptocurrencies like Verga and Bitcoin Gold have also experienced mining related attacks.
The second type of organizations targeted are businesses, with 21 percent of attacks. On these types of attacks, hackers often collect security and user information using different tools and then try to collect a ransom to not make this records public. Most of these attacks are not made public by these organizations, that often prefer to pay the ransom than to face embarrassment over the issue.
Most of these hackers collect their ransom in a cryptocurrency called Monero, that is known for being an anonymous coin that protects the details of the transactions made. The most vulnerable country was the USA, with more than 10 percent of the attack perpetrated on American organizations.

Related posts
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNews

Be Careful! Elon Musk Warns As Dogecoin Soars On SNL Eve

In the warm-up to a special Saturday Night Live Edition featuring the self-acclaimed billionaire dogefather, Elon Musk, Dogecoin (DOGE) has recorded tremendous speculative success and is currently sprinting past the $0.6 mark in a bid to cross the $1 epic…
cryptocurrencyNewsRippleSECXRP NewsXRPUSDXRPUSDT

A Look At What’s In Store For XRP If Ripple Eventually Goes Public After SEC Case

Fired up by the soaring success of Coinbase, Ripple Labs Inc, the establishment behind the fifth most valuable cryptocurrency – XRP, has disclosed plans to issue an Initial Public Offering after it is done with its court case. The embattled altcoin…
BanksBinancebnbusdcryptocurrencyCryptocurrency NewsNews

Banks Refusing To Work With Crypto Will Pay A Hefty Price: Binance CEO CZ

The CEO of Binance has been very vocal about his stances on the cryptocurrency market. Yesterday, the CEO revealed he may have underestimated cryptocurrencies like DOGE, ETH, BTC, and BNB. He even emphasized DOGE’s impressive performance, despite holding zero Dogecoin….