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Russia, US, Cyber ​​Security Report Unveiled in Top 3 for Crypto-Related Threats – Bitcoin News

Threats related to the cryptocurrency have been following the price, easing significantly after the market crash in May, a recent report released by a leading Internet security firm suggests. Investigations dropped by about a quarter but Russia remains the most affected country, with the US ranking in the top three.

ESET: 1 in 10 crypto-centric threats detected in Russia

Software threats in the crypto space, particularly mining malware, are heavily dependent on developments in the cryptocurrency market, cyber security company ESET concluded in its Threat Report T2 2021. However, the decline in cybercriminal activity around cryptocurrencies does not mean that all was quiet,” note the study’s authors, covering the second third of the year, and add:

Cryptocurrency investment scams, in which con artists lure their unsuspecting victims to fake investment websites or impersonate government officials and even celebrities, are more popular than ever.

Victims of this type of scam have lost at least $80 million in just a few months since October 2020, the US Federal Trade Commission announced in May. Meanwhile, a single crypto Ponzi scheme in Russia, Finico, received more than half of $800 million in crypto funds sent from Eastern Europe to scam addresses, blockchain forensics firm Chainalysis reported in its latest Geography of Cryptocurrency report. Revealed in preview.

Russia, US top 3 for crypto-related threats, cyber security report unveiled
Source: ESET

Nevertheless, ESET’s detection of all crypto-related threats declined by 23.6% at T2, 2021. Also, some countries are deeply affected by this incident. Most notably, the Russian Federation still tops the charts, accounting for 10% of all cases. Russia is followed by Peru with 6.8%, while the United States is third with 5.3%, the report details.

Jiri Kropas, Head of Threat Detection Labs at Slovakia-based ESET, said, “Over the past few months, we can see that Cryptominer detection rates have fluctuated along with cryptocurrency prices, but CryptoStalker detection was not affected by the same factors. ” Cryptominers, like prices, are affected by government regulations and large investments in specific coins, he explained.

Cryptosteelers, however, are not dependent on a volatile market, Kropas adds. The ESET executive elaborated, “If a coin drops in value, there is no reason for cybercriminals to abandon them, as they represent a reliable tool, as well as bring opportunities for blackmail. “

The European cybersecurity company also said that it continues to monitor the cryptojacking domain during the period covered in the report. “By the nature of this activity – cryptomining software running in the background of compromised websites – the most visited cryptojacking domains are portals with adult content, free streaming websites, torrent sites and forums,” ESET reported.

Do you agree with ESET that crypto-related threats in cyberspace are influenced by cryptocurrency prices? Tell us what you think in the comment section below.

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company, crypto, crypto market, crypto prices, crypto scams, crypto threats cyberbullying, crypto-related threats, cryptocurrencies, cryptocurrency, cryptocurrency market, cryptocurrency prices, cryptojacking, cryptominers, cybersecurity, fallout, detection, ESET, finico, firm , internet internet security, peru, ponzi scheme, pyramid, report, russia, russian federation, software, threats, usa, united states

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