Hackers in Action: Crimes Involving Cryptocurrencies

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With increasingly sophisticated techniques, hackers have found a vast field for their scams in the cryptocurrency market. Cybercriminals have been increasingly active in recent months, mainly due to the growth in slovenia mobile database currency transactions, not to mention investments in financial funds, pyramid schemes, and NFTs. To avoid being robbed even when you are in the comfort of your home, you need to know the illicit tactics to defend yourself, always seeking preventive measures to improve the security level of your applications.

How do cybercriminals act on the internet?
Most cybercriminals are hackers who can act individually or in groups, bringing together people with different specializations. When they come together in groups, they are more efficient and focus on a pre-determined attack, such as a specific company or a certain personality.

Taking advantage of the know-how of their connections, they also diversify their targets. To give you an idea of ​​this scale, a survey by the global technology company Thales reveals that the annual revenue of cybercriminals is around US$1.5 trillion, 2.8 times greater than the illicit drug trade. In 2021 alone, they stole US$14 billion.

What technical resources do they use to attract victims?
Cybercriminals use a variety of methods to carry out their activities. They create fake websites, known as impostors, promoting startups that appear to be real and valid, but are actually fake.

You may be suspicious when the padlock icon does not appear on your screen and the text 'https' is missing from the website address. Hackers create websites that are identical to the originals. When you invest in a certain cryptocurrency, the amount ends up going to a payment platform with accounts opened in the name of front men, which will end up in the criminals' pockets.

They also create fake apps for download on Google Play and App Store. Look out for spelling mistakes, company logo, unidentified branding, etc.

Another way to do this is to create fake celebrity accounts on social media, especially Twitter and Facebook. Then they come up with very advantageous offers, attracting investments in cryptocurrencies with promises of stratospheric gains. Fraudulent emails are also part of this mix.