24 Apr Top 6 Cryptocurrency Risks and Threats in 2020
Cryptocurrency is no longer as hot as it used to be at the height of surging bitcoin prices. However, the risks and threats associated with it remain. They even occasionally intensify as cybercriminals discover new vulnerabilities to exploit. Crypto users need to remain vigilant as new forms of attacks emerge.
According to a report by SonicWall, cryptojacking and ransomware attacks have dropped in the latter half of 2019. Researchers attribute the drastic drop in the number of cryptojacking incidents to the closing down of Coinhive. This has led crypto hackers to turn to more targeted attack vectors. Hackers make up for the declining viability of cryptojacking with an increase in specialized malware attacks to steal digital currencies.
In 2020, the cryptocurrency risk and threat landscape is likely to be similar to the previous years. It will continue to be dominated by data breaches, ransomware, malicious mining, disruptive regulation, and the continued use of unsafe havens.
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