Cryptocurrency thefts keep increasing; the amount rises to $761M in the last six months

 

A record cryptocurrency amount has been stolen from online wallets throughout the first half of 2018, as reported by pentest experts.

CipherTrace, an information security and pentest firm, mentions that the sum of cryptocurrency stolen and used in money laundering in the first half of 2018 already exceeds three times the amount stolen during the entire 2017. The company presumes to have found that 761 million dollars have been laundered since the beginning of 2018 from cryptocurrency robbery.

This represents a scandalous ascent compared to the 266 million dollars stolen across whole 2017.

Pentest experts from the International Institute of Cyber Security mention that those who perform operations using cryptocurrency have become favorite victims of hackers; since it is virtually impossible to protect your virtual assets, it is relatively easy to be susceptible to these attacks.

In addition, law enforcement agencies are not too interested in investigating and prosecuting minor offenses related to virtual currency theft.

It is therefore envisioned that these attacks will continue to happen in the future. Hackers now have an impressive infrastructure designed especially for large-scale theft and scams with digital currencies.

Virtual asset owners must stay alert, keep all of their devices up to date, and install at least a free antivirus from accredited developers, as well as safeguard their online wallet credentials and never share their data.

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