Americans are the Main Targets for Crypto Hackers, New Study Reveals

A research which studied user data leaks from cryptocurrency exchanges has revealed that Americans are the main targets for cryptocurrency hacks.

The study was conducted by Group-IB, a Russian based computer forensics and information security firm, who revealed their findings in a report titled “2018 Cryptocurrency Exchanges-User Accounts Leaks Analysis.”

The firm revealed that in 2017, the number of “compromised login data” increased by 369 percent in comparison to 2016, while in January 2018 alone, there were 212 leaks of login data, which represented an increase of 689 percent to the monthly average experienced in 2017.

The report credits the excitement about cryptocurrencies as a significant factor in the increase of incidents “against the monthly average of 2017.” According to the study, the three major countries that are targeted the most by hackers are the United States, Russia, and China. It also revealed that one in every three victims were Americans.