Don’t read this Kaspersky report if you’re prone to paranoia. The cybersecurity experts and antivirus manufacturers released its annual “Cyberthreats to financial organizations” paper and two items are about cryptocurrencies. Prepare to be spooked. The report begins with an evaluation of last year’s predictions and they were only wrong about one, and not by much. Plus, this year’s cyberthreats sound very much like a possibility. Luckily, you found this article and can prepare yourself accordingly. Related Reading | Hackers Nab $16 Million In BTC Through Bitcoin Wallet Exploit Both Cybercriminals And State-Sponsored Actors Will Target Cryptocurrencies First, Kaspersky paints the picture and gives us the least scary threat: “The cryptocurrency business continues to grow, and people continue to invest their money in this market because it’s a digital asset and all transactions occur online. It also offers anonymity to users. These are attractive aspects that cybercrime groups will be unable to resist.” And then, Kaspersky makes our skin crawl: “And not only cybercrime groups but also state-sponsored groups who have already started targeting this industry.” As the honeypot grows, criminals will be increasingly attracted to cryptocurrencies. That much we can deal with. However, the state-sponsored groups are also a logical progression. How could they not target cryptocurrencies? And they’re going to use much more sophisticated...
