Report: $1.1 Bln in Crypto Has Been Stolen This Year

in crypto •  7 years ago 

Report: $1.1 Bln in Crypto Has Been Stolen This Year

The security company said that criminals take advantage of the dark web to facilitate large-scale cryptocurrency theft. Estimates reportedly show that there are 12,000 marketplaces and 34,000 offerings associated with cryptotheft hackers can take advantage of. The dark web can be only accessed with the application of special software and allows users to stay anonymous and mostly untraceable.

Carbon Black Security strategist Rick McElroy, who was interviewed by CNBC, said that basic malware costs an average of $224 and can be priced as low as $1.04. McElroy added that it even sometimes comes with a form of customer support. According to the report, the malware marketplace is worth $6.7 mln.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #cheetah-appeals channel in our discord.

Congratulations @jaykpatel! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @jaykpatel! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!