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Over $2 million lost to crypto SCAMS in second quarter of 2018
2018-08-16 15:24:31
A recent report from the Russian anti-virus and cybersecurity firm Kaspersky Labs says that in the second quarter of 2018, cybercriminals stole more than $ 2.3 million with the help of crypto fraud.

The report, entitled "Spam and Phishing in Q2 2018", notes the so-called "crypto gifts" as a widespread example of phishing in which cybercriminals steal people in rejecting sensitive information within too well to be true in promoting the handing out of popular crypto-currency.

In these crypto-phishing scams, unsuspecting people are deceived, voluntarily refusing important information about compelling but malicious copies of popular crypto-purses and markets.

Kasperksy states that cybercrooks also represent new projects of the original coin offer (ICO) for collecting money from potential investors who are trying to buy tokens in anticipated early access events. The report also notes that Kaspersky Anti-Phishing System prevented 58,000 attempts by users to connect to phishing sites in the second quarter of 2018.

In addition to presenting various types of fraud, the quarterly report states that Ethereum (ETH) is currently the most popular crypto currency for phishers. According to the firm, the popularity of ETH among cybercriminals is growing as more funds are attracted to the ICO on the Ethereum platform.

Earlier this month, new research shed light on the ubiquitous fake cryptographic distribution on Twitter. In the course of its research, the cyber security firm Duo Security polled 88 million Twitter accounts using machine learning methods for training the bot classifier.

Using the last 200 tweets from each account, the classifier found a network of 15,000 bots that spread fake contests and pretend to be famous personalities in the crypto industry. Duo Data scientist Olabode Anise said "that" bot attempts to prevent detection demonstrate the importance of account analysis holistically, including the metadata around the Content. "



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