• Mon. Jun 17th, 2024

Kaspersky Stated The Volume of Crypto Phishing Increased by 40% in 2022

Avatar photo

ByEsme Greene

May 1, 2023
Kaspersky Stated The Volume of Crypto Phishing Increased by 40% in 2022
Esme Greene
Latest posts by Esme Greene (see all)

According to analysts at Kaspersky, the volume of cryptocurrency phishing has increased by 40% in 2022, continuing to grow annually.

The number of phishing schemes related to cryptocurrency for 2022 exceeded 5 million, which is almost half times higher than in 2021. The company has reported this on their official website.

Kaspersky has also calculated that there were 300 million cryptocurrency investors worldwide at the end of 2022, with over 44% of the declared amount being most concerned about hacker attacks.

Precautions Against Cyber Phishing

This increase in cryptocurrency phishing is a cause for concern, as it can lead to the loss of significant amounts of money and personal information. Phishing attacks often involve the use of deceptive emails, websites, and other forms of communication, designed to trick individuals into revealing sensitive information. These attacks are becoming increasingly sophisticated, making it more difficult for individuals to identify them.

It is essential that individuals take steps to protect themselves from cryptocurrency phishing such as being cautious about clicking on links or downloading attachments from unknown sources, using two-factor authentication, and keeping all software and security systems up to date. By taking these steps, individuals can help to protect themselves from the growing threat of cryptocurrency phishing.

Cyber Attacks in Numbers

According to the Chainalysis, cybercriminals have stolen around $3 billion from cryptocurrency investors since the beginning of 2022. For comparison, in 2020, scammers stole assets worth approximately $1.5 billion. One of the relatively new phishing attack schemes is called “ice fishing.”

Another phishing attack is called “address poisoning.” To “poison the address,” scammers send small transactions from addresses that outwardly resemble familiar ones to potential victims. To do this, cybercriminals check the last transactions of the victims to create addresses similar to the real ones in the first and last characters.

Phishing vs Cyber Security

As a result, it creates the impression that another transaction has been received from a trusted address on the victim’s wallet. In the future, when the victim wants to transfer cryptocurrency, they may accidentally choose an address from the transfer history, including the fake one.

In 2021, this figure increased by 80% to $7.7 billion. If the problem of “address poisoning” is solved by hiding zero transactions, then protection against “ice fishing” has not been found at the time of writing.

Avatar photo

Esme Greene

Esme brings a wealth of knowledge and experience to our website, specializing in all aspects of DarkWeb security. With a deep understanding of the intricate workings of the DarkWeb and its associated cybersecurity risks, Esme curates insightful and informative content for our readers.