Kaspersky Report Shows 40% Increase In Crypto Phishing Attacks In Just One Year

A report from a cybersecurity firm, Kaspersky, reveals that crypto phishing attacks surged by 40% in just one year. The report highlights the rising trend of digital asset exploits targeting crypto investors and users to steal their holdings throughout 2022.

Kaspersky is a Russian-based cybersecurity company behind the popular anti-virus products. Its primary role is to protect internet users from all possible threats in their homes and businesses through various premium products and services.

Cyber Threats Targeted At Crypto Users Up By 40% In 2022

The report revealed that cybercriminals are using various tactics to carry out these attacks, including creating fake cryptocurrency exchange websites and sending phishing emails and messages that trick users into disclosing their private keys and other sensitive information.

Generally, a phishing attack refers to a type of cyber exploit where an attacker poses as a legitimate entity or individual, such as a cryptocurrency exchange. The primary aim is to trick the victim into disclosing their sensitive information, including private keys or passwords.

The attacker often uses fraudulent emails, messages, or websites that closely resemble legitimate ones, intending to steal the victim’s digital assets or use their personal information for fraudulent activities.

According to the data, about 5,040,520 phishing exploits occurred in 2022, a significant increase from the 3,596,437 recorded the year before. For now, the company can’t predict whether or not the trend will continue to rise in 2023.

However, Kaspersky researchers disclosed that these attacks are becoming increasingly sophisticated and challenging to detect. Some cybercriminals use social engineering techniques to access users’ wallets and steal their funds.

The crypto market surges on the daily candle l Source: Tradingview.com

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Author: Eli Dambell

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