Rise in Crypto Phishing: Kaspersky Report

(MENAFN) As per a recent report by Kaspersky, the frequency of attacks using conventional financial threats has decreased in 2022. However, cybercriminals have now shifted their attention towards the crypto industry. The detection of banking PC and mobile malware, which are considered conventional financial threats, has dropped significantly in the global cybersecurity company.

The report further states that Kaspersky's anti-phishing systems have prevented 40% more cryptocurrency-related phishing attacks in the past year compared to 2021. In total, there were 5 million detections of crypto phishing in 2022, compared to 3.6 million the previous year. Shockingly, data from the report also reveals that every seventh person surveyed was impacted by cryptocurrency phishing.

The rise in cryptocurrency phishing can partially be attributed to the market instability that occurred last year, which directly relies on the level of trust that users have in cryptocurrency. Kaspersky has warned that scammers are continuously developing new techniques to effectively con their victims, indicating the need for increased cybersecurity measures.

It is essential to stay vigilant and cautious while conducting any financial transactions online, especially in the crypto industry. As the popularity of cryptocurrencies continues to grow, it is crucial to take all necessary precautions to prevent falling prey to cybercriminals' scams. The report highlights the importance of staying informed about the latest cybersecurity threats and regularly updating security measures to stay protected.

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