According to a new report from Kaspersky Lab, which is one of the leading antivirus software platforms, the cybercriminals earned more than $2.3 million during the second quarter of 2018.
The Spam and Phishing in Q2 2018 report also noted that the company prevented almost 60,000 attempts by users from visiting fraudulent and scam web pages which featured popular cryptocurrency wallets and exchanges – from April to June this year.
The crypto scammers worked in a simple way. They earned the funds by luring the victims to send their coins to fake ICOs and token distributions, according to Kaspersky. On top of this, there were websites which were ‘masked’ as popular cryptocurrency services, adopting phishing practices for stealing usernames and/or passwords.
The company’s news release was submitted by Nadezhda Demidova, the lead web content analyst at Kaspersky. As she stated:
“The permanence of attacks targeting financial organizations reflects the fact that more and more people are using electronic money. Still, not all of them are sufficiently aware of the possible risks, so intruders are actively trying to steal sensitive information through phishing.”
The Kaspersky report also demonstrated the reach of phishing scams, where South America and Asia saw the most activity in this area. Brazil was one of the most popular countries for these scams, with 15.51% of all the phishing attacks, followed by Georgia (14.44%), Kirghizstan (13.6%) and Russia (13.27%).
QuadrigaCX Co-Founder Was Involved In Criminal Activities In The Past
Boston Legal System Damaged After BTC Ransomware Attack
“CPCS’s computer systems have been attacked and are not working properly. We are still representing clients. In addition, there is no evidence that confidential information from clients has been released as a result of these attacks.”Initially, the attack happened on February 27. The organization believed that paying the ransom means a waste of money so they decided to restore the systems manually. Two weeks after, the entire justice system in Boston can feel the damaging effects. The agency cannot really say how long the delay will last or when they will get back online. In the meantime, people working in the agency cannot use their email or enter the agency’s website. Ransomware attacks became popular in 2015. The attackers mainly targeted police agencies that end up paying the ransom. The public infrastructure is always a target of ransomware attackers since the offer public services and cannot end up being crippled because the people are the ones who pay the higher price. The public defenders didn’t say how much money the attackers demanded. However, the cost to unlock a computer could start from $100 up to thousands of dollars. The attackers usually target victims individually but law enforcement agencies or other government agencies are not excluded. Last year, a couple of Dutch hackers were sentenced to community service after attacking more than 1,000 computer systems and gathering over $11,000.
Thieves Steal $200k Worth Of Bitcoin (BTC) Across 7 Canadian Cities
OneCoin Founders Charged Of Fraud By US District Attorney
“As alleged, these defendants created a multibillion-dollar ‘cryptocurrency’ company based completely on lies and deceit. They promised big returns and minimal risk, but, as alleged, this business was a pyramid scheme based on smoke and mirrors more than zeroes and ones. Investors were victimized while the defendants got rich. Our Office has a history of successfully targeting, arresting, and convicting financial fraudsters, and this case is no different.”The New York County District Attorney Cyrus R. Vance Jr. claimed that the defendants created an old-school pyramid scheme compromising the integrity of the entire financial system in New York by defrauding investors for billions of dollars.
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