Crypto Scammers Stole $2.3 Million In Q2 2018 According to Kaspersky

New Report By Kaspersky Reveals That Crypto Scammers Stole $2.3 Million In 2018 Q2

After doing a thorough research on cyber crimes, Kaspersky Lab reported that hackers earned more than $2.3 million from cryptocurrency scams during the second quarter of 2018.

The Russian cybersecurity firm released its Spam and Phishing in Q2 2018 report on August 14th in which they reported that it had prevented almost 60,000 attempts by users from visiting fraudulent web pages featuring popular cryptocurrency wallets and exchanges from April to June 2018. The intruders earned the funds by inducing their victims to send their coins to fake ICOs and token distributions.

Abstract Of The Report

In this quarter, malefactors actively handled GDPR, World Cup, and cryptocurrency themes, and ties to malicious websites could be found on social networks and messengers (users were often distributing them themselves), as well as in marketing messages served by large search engines.

Looking more broadly, the Kaspersky report also demonstrated the global reach of phishing scams, with South America and Asia seeing the most activity in this area. Brazil alone saw 15.51% of all phishing attacks during that period. China shared the second position with Georgia 14.44%, followed by Kirghizstan 13.6% and Russia 13.27%.

Average spam volume of 49.66% in world mail traffic in this quarter fell 2.16 p.p. in comparison with the previous reporting period, and the Anti-phishing system intercepted more than 107M attempts to connect users to phishing sites, which is 17M more than in the first quarter of 2018.

Exploit.Win32.CVE-2017-11882 was the most widely-distributed family of malware via mail, at 10.35%. Trojan-PSW.Win32.Fareit fell from the first place to the second place (5.90%), and the third and fourth positions were taken by Backdoor.Win32.Androm (5.71%) and Backdoor.Java.QRat (3.80%).

Notably, last month Kaspersky notified of malevolent personalities who have shifted from ransomware to crypto-jacking. A press release from Kaspersky indicated that data from April 2016 to March 2017, when correlated with data from April 2017 to March 2018 showed that there was a decline in ransomware by over 40%. However, over the same period, there was an increase in crypto-mining malware by 44.5%.

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