“Crypto-phishing on the rise: Kaspersky report highlights increase of over 40% in 2022”

2023-04-26 17:00:00

Cryptocurrency phishing attempts hit more than 5 million in 2022, up 40% year-on-year, according to a new financial threat report from Kaspersky. There is also a decline in so-called “traditional” financial threats, such as mobile banking and financial trojans.

Basically, the report reveals that crypto-phishing has increased significantly and has even become studied as a threat category in its own right. The rise of the phenomenon might be explained, according to the authors of the report, in part by the devastation that took place on the cryptocurrency market last year.

However, the report indicates that it is not yet certain that this trend will continue, as it depends on the confidence that users place in cryptocurrencies.

On the modus operandi, Kaspersky experts say that most crypto scams use the usual strategies, via fraudulent giveaways and fake wallets. Nevertheless, they add that a recent active campaign has shown that cybercriminals are constantly inventing new techniques to achieve their end. Thus, the intended victim receives a PDF file in English by email, indicating that he registered a long time ago on a cryptocurrency mining cloud platform and that he must urgently withdraw a large sum of crypto. because his account is inactive.

The file indeed contains a link to a fake crypto-mining platform. To withdraw the sum, the user must fill in a form with personal information, including his card or account number, and pay a commission through a crypto wallet, or directly to the address of the wallet specified.

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