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Kaspersky: $2.3 Million Worth Cryptocurrency Stolen in Q2

A new report published by Kaspersky lab showed how cybercriminals have managed to earn a hefty amount of $2.3 million by pulling off crypto scams during the second quarter of 2018.

The company released their Spam and Phishing in Q2 2018 Report wherein they addressed about 60000 attempts made by the innocent users to visit fraudulent sites and how they prevented those users from doing so. The fake sites featured popular cryptocurrency exchanges and wallets to lure the investors into using them. Scamsters would then prompt the investors to send their coins to shady ICOs and token distributions.

The hoax is not limited to only token sales. The scamsters also use malicious websites that pose as a crypto service provider and fool the would-be victims.

Nadezhda Demidova, the lead web content analyst at Kaspersky labs said that the increasing incidences of such cyber crimes are evidence that the new crypto technology is becoming popular but people should be more aware and careful regarding the scamsters waiting at every corner to dupe the innocent investors.

“The permanence of attacks targeting financial organizations reflects the fact that more and more people are using the electronic money,” said Demidova. He went to say in the newly released report, “Still, not all of them are sufficiently aware of the possible risks, so intruders are actively trying to steal sensitive information through phishing.”

The quarterly report also mentioned how these frauds have found their way almost to every region in the world, with South America and Asia being the two most affected continents by these frequently occurring phishing attacks.

According to the report, Brazil alone witnesses 15.51% of the total number of phishing attacks. Following Brazil were China and Georgia who shared the second position with 14.44 percent of recorded attacks. Kirghizstan came in third with 13.6 percent followed by Russia at the fourth place with 13.27 percent phishing attacks.

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