Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

Cybercriminals shift focus to crypto industry

Cybercriminals shift focus to crypto industry

As attacks using conventional financial threats have become less frequent in 2022, cybercriminals shifted their focus to the crypto industry, according to a new report by Kaspersky.
The detection of conventional financial threats like banking PC and mobile malware in the global cybersecurity company dropped significantly last year.

In addition, anti-phishing systems in Kaspersky have prevented 40 percent more cryptocurrency-related phishing attacks last year, compared to 2021.

The year 2022 concluded with 5 million detections of crypto phishing, compared to 3.6 million the year prior, the report noted.

Data from the report further revealed that every seventh person surveyed was impacted by cryptocurrency phishing.

The report partially attributed this rise to the instability that happened in the crypto market last year, which directly relies on the level of trust that users have in cryptocurrency.

Kaspersky indicated that scammers are continuously developing their tricks and crafting novel techniques to effectively con their victims.

“Despite some problems that have occurred in the cryptocurrency market over the past six months, in the minds of many people, crypto still remains a symbol of getting rich quick with minimal effort,” commented Olga Svistunova, a security expert at Kaspersky.

She added: “Therefore, the flow of scammers parasitizing in this field does not dry out. In order to lure victims into their networks, these scammers continue to come up with new and more interesting stories.”

One of the stories discovered by the company was that of an email containing a PDF file claiming that the user registered on a cryptocurrency cloud mining platform a while back and, since their account is inactive, needs to withdraw crypts at once.

In the file, there would be a link directed to a bogus mining platform where the user would fill out a form with personal data and then pay a commission.

The cybersecurity company provided means by which people can safely use cryptocurrency while limiting their tendency to be conned, according to the report.

Double-checking website URLs and avoiding suspicious links is a clear-cut way to be cautious of phishing scams and prevent them.

Not sharing the private keys that unlock cryptocurrency wallets was another recommendation from the global cybersecurity company.

In addition, staying informed about cyber threats and how to protect oneself will prepare people better against attacks, stated the report.

The report also stressed on the importance of effective research before taking any steps towards investing in something, and suggested the use of trustworthy security solutions.

Kaspersky uses innovative security solutions and services to protect 400 million users internationally ranging from businesses to essential infrastructure to governmental institutions and consumers.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×