New Crypto — Old Tricks.

SVET
1 min readJun 25, 2019

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Caravaggio, The Cardsharps, c. 1595

As prices rise, anxieties and phobias proliferate. In April Reuters published an article which stated that “Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the (2019) year to $1.2 billion, or 70% of the level for all of 2018”.

It was recently echoed by a publication in Cointelegraph, which named malware, clipboard hijacking, hidden mining, website clones and social engineering as main attack vectors on crypto. Also, according to the same publication, the latest trend is “89% increase in an average ransom from the fourth quarter of 2018 to the first quarter of 2019”, with corporations being a prime targets.

Almost two years ago Hackernoon published an article, which tried to catalogue most popular types of methods, which hackers used at that time, to steal crypto: “1.Copy / Paste (clipboard hijacking); 2. Hacked mobile Apps; 3. .crx files; 6.Fake URLs; 7.Fake Social accounts; 8.Mobile SMS 2FA; 9.Email Phishing; 10.Wifi hacking”.

Looks like, despite drastically increased (since 2017) users’ awareness and general knowledge about crypto, those threats to security are not going to disappear or to diminish any time soon.

For more information on this subject join the Whitepapers analysis Telegram group: https://t.me/joinchat/I5eQ-A6FSC2vXg_PNgFwJw

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SVET
SVET

Written by SVET

Angel Investor (20+ years), Serial Entrepreneur (14+ companies), Author (> 1M views), Founder of Evernomics, 40+ Countries

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