Report: Bitcoin will be a major target for cybercriminals in 2021
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Answer Report: Bitcoin will be a major target for cybercriminals in 2021
Bitcoin, with its rising value and approaching its entry to the $20,000 level, will become a valuable asset and the greed of fraudsters, especially if it continues to rise and the economic crisis continues around the world.
Mention a report Recently published under the name “Cyber Threats to Financial Institutions in 2021” it is expected that more frauds targeting the largest cryptocurrency in the world will occur next year.
As the value of Bitcoin will emerge, become more targeted by fraudsters, and will witness more crime due to the lack of opportunities caused by the Corona virus, and due to the weakness of fiat currencies, more people will keep Bitcoin, according to the predictions of the report published by “Kaspersky”.
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It was stated in the report:
We may see some economies collapse and their local currencies plummet, which will make stealing bitcoin more attractive.
We should expect more scams, mostly targeting BTC, given that this cryptocurrency is the most common.
The report indicates that a massive poverty wave is expected due to the Corona virus, which in turn will lead to more people resorting to crime, including cybercrime.
In 2021, according to the report bearing a pessimistic forecast, criminals will likely use other cryptocurrencies as cross-currencies to convert stolen assets into other fiat currencies in order to cover their tracks.
The report mentions the digital currency Monero as a potential option.
The report also stated:
There is reason to believe that scammers will switch to other privacy-oriented currencies, such as Monero, to use it first as a crossover currency and then transfer the funds to any other preferred cryptocurrency including Bitcoin.
Kaspersky added:
Companies are becoming less safe in 2020 due to the hastily deployed remote work solutions in the wake of the coronavirus outbreak.
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This has made cyber attacks, especially ransomware, more likely.
In the report, Kaspersky added that the world is likely to witness more extortion attempts next year as well.
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