Hacks Related to Cryptocurrencies and IoT Devices Double in 2018 Per Japanese Police Agency Report

As the world is slowly but surely moving to become digital, we have seen several new problems appear and one of the main problems so far is that hackers are having an edge against the security companies.

New research made in Japan has pointed out that cybercrime is on the rise in the country. According to the reports, the number of cryptocurrency networks and internet of things (IoT) devices hacked in the last year has almost doubled.

According to the reports, the Japanese Police Agency has detected 2,752 intrusions per sensor per day, a huge number, which is 45% higher than it was in 2017. Curiously, almost all of the attacks came from outside of the country, meaning that the attackers are generally outsiders, which makes it even harder for the law to properly prosecute them.

The information gathered by the police shows that 20% of the attacks come from Russia, which is the country that harbors most attackers. 14% come from China and 12.6% from the United States, both of which are also fairly big countries. Others come from the Netherlands (6%) and Ukraine (5%), which is odder because the countries are not so big.

Only 1.6% of the attacks in Japan come from the country itself, however, which is probably one of the most interesting findings in the research.

If only IoT devices and crypto networks are considered, 1,702 intrusions are detected on a daily basis, which is more than double of what it was last year. However, this sector is the one which is being attacked more, as emails and websites remained with a steady level of attacks since 2016.

This shows there is a great need for more security in Japan and in the whole world. If there are so many attacks happening all the time, the companies are surely lacking the right tools to defend their clients from attackers and all the harm that they can easily do if they get access to these networks.

Another part of the police report talked about the cases of people using cryptocurrencies to launder money, which surpassed 7,000 cases last year. The country had only 669 cases in 2017, so basically, the usage of cryptos for tax evasion and similar practices either skyrocketed or the police has finally found meaningful ways to discover these activities.

The Japanese market is starting to get more rigid with cryptos and its usage but it is far from being a local market that has a negative stance in the market.

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