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In cryptoland, trust can be costly

While the legal status of cryptocurrencies and laws to regulate them continue to be hammered out, scammers are busy exploiting the digital gold rush. Besides hacking cryptocurrency exchanges, exploiting smart-contract vulnerabilities, and deploying malicious miners, cybercriminals are also resorting to more traditional social-engineering methods that can reap millions of dollars. Read Full Article

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IT threat evolution Q1 2018

In January, we uncovered a sophisticated mobile implant Skygofree that provides attackers with remote control of infected Android devices. Network worm OlympicDestroyer attacked on the Olympic infrastructure just before the opening of the games in February. Read Full Article

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Pocket cryptofarms

In recent months, the topic of cryptocurrency has been a permanent news fixture — the value of digital money has been see-sawing spectacularly. Such pyrotechnics could hardly have escaped the attention of scammers, which is why cryptocurrency fluctuations have gone hand in hand with all kinds of stories. These include hacked exchanges, Bitcoin and Monero ransoms, and, of course, hidden mining. Read Full Article

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Threat Predictions for Cryptocurrencies in 2018

In 2017, the main global threat to users was ransomware: and in order to recover files and data encrypted by attackers, victims were required to pay a ransom in cryptocurrency. In the first eight months of 2017, Kaspersky Lab products protected 1.65 million users from malicious cryptocurrency miners, and by the end of the year we expect this number to exceed two million. Read Full Article