Crypto phishing attacks up by 40% in one year: Kaspersky
Russian cybersecurity and anti-virus provider Kaspersky detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021. When it comes to cryptocurrency-related cyber attack s, bad actors have seemingly reduced the use of traditional financial threats such as banking PC and mobile malware, and instead have shifted their focus to phishing . Russian cybersecurity and anti-virus provider Kaspersky revealed that cryptocurrency phishing attacks witnessed a 40% year-on-year increase in 2022. The company detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021. A typical phishing attack involves reaching out to investors via fake websites and communication channels that mimic the official companies. Users are then prompted to share personal information such as private keys, which ultimately provides attackers with unwarranted access to crypto wallets and assets. While Kaspersky could not predict if the trend would increase in 2023, phis...