Kaspersky says cybercriminals will stop turning to bitcoins as regulation and monitoring improve

Bitcoin (BTC) becomes a less attractive form of payment for cybercriminals as regulations and tracking technologies improve, hindering the safe transfer of funds.

Kaspersky Cyber ​​Security Company he showed November 22 report that ransomware negotiations and payments will be less dependent on bitcoin as a value transfer because Increased digital asset regulations and surveillance technologies will force cybercriminals to stay away from bitcoin and use other methods.

As reported by Cointelegraph, ransomware payments using cryptocurrencies exceeded 600 million dollars in 2021and some of the biggest hits, like the colonial pipeline attack, demanded BTC as ransom.

Kaspersky also noted this cryptocurrency scams have increased along with the increased use of digital assets. But he said people have become more informed about cryptocurrencies and less prone to primitive scams like Deepfake Elon Musk videos that promise huge profits in the field of cryptocurrencies.

predicted it malicious actors will continue to attempt to steal funds through bogus initial offers from tokens are non-fungible (NFTits abbreviation in English) and cryptocurrency theft, such as exploiting smart contracts, will become more sophisticated and widespread.

The year 2022 was essentially a bridge yearmore than 2.5 billion have already been stolenas reported by Cointelegraph.

The report also noted malware loaders will become a very valuable asset on hacker forums because they will be harder to detect. Kaspersky predicted that ransomware attackers may shift from destructive financial activities to more political demands.

Back to the present, the report emphasized that in 2021 and 2022 rapid growth of “information thieves”malware that collects information such as logins.

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The cryptojacking and Phishing attacks have also increased 2022, from cybercriminals use social engineering to lure their victims.

Cryptojacking involves the introduction of malware in a system designed to steal or deface digital assets. Phishing is the use of e-mail letters or messages The aim is to trick the victim into revealing personal information or clicking on a malicious link.

Explanation: The information and/or opinions contained in this article do not necessarily reflect the views or editorial line of Cointelegraph. The information provided here should not be considered financial advice or investment recommendation. Any investment and commercial move involves risk, and each person should do their due diligence before making an investment decision.

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Source: news.google.com

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