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Cyber Security

Bitcoin cyber attacks surge following rising demand and increasing price of bitcoin

Phishing impersonations and business email compromise (BEC) attacks designed to steal victims’ bitcoin surged by 192% between October 2020 and May 2021, according to analysis by Barracuda Networks. The research shows that this is because of rising demand, increasing price valuations and more holders of the cryptocurrency than ever before. Cybercriminals have included bitcoin as part of their BEC attacks impersonating employees within an organization. They target and personalise these emails to get their victims to purchase bitcoin, donate them to fake charities or even pay a fake vendor invoice using crypto currency.

Source: https://www.helpnetsecurity.com/2021/07/05/bitcoin-cyber-attacks/

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