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Cryptocurrency Threats Rising

Cryptocurrency Threats Rising

As cryptocurrency values soar, cyber threats targeting digital assets are rising at an alarming rate. Bitcoin’s value surpassed $100,000 in December 2024, marking a milestone, but also drawing increased attention from cybercriminals. Reports indicate a 56% surge in cryptostealer detections across platforms like Windows, Android, and macOS. Threats include malware like Password Stealing Ware (PSW) on macOS, Android banking trojans with cryptostealer functionalities, and malware-as-a-service tools such as AMOS and Lumma Stealer. Techniques like phishing, malware-laden ads, and scams such as “pig butchering” blend romance and investment fraud, reflecting the evolving tactics of cybercriminals.

These threats exploit cryptocurrency’s decentralized nature, rapid transactions, and global transfer capabilities, making recovery difficult once assets are stolen. Specific attacks, like Vidar infostealer distributed via Facebook ads and Telegram, and the GoldPickaxe malware targeting Southeast Asian users, highlight the sophistication of these schemes. Additionally, compromised crypto wallets on servers through adversary-in-the-middle attacks and phishing remain persistent challenges, with cryptocurrency-related phishing sites ranking among the top categories observed in 2024.

To protect digital assets, users are advised to adopt robust security practices. These include diversifying wallets, prioritizing cold storage for funds, enabling two-factor authentication, avoiding public Wi-Fi, and keeping devices updated with patches and security software. Further precautions involve using reputable VPNs, limiting unnecessary software installations, monitoring crypto accounts for unusual activity, and remaining vigilant against scams. As threats grow, vigilance and proactive measures are essential to keeping cryptocurrency safe from cybercriminals.

Muncaster, Phil. 2025. “Crypto is Soaring, but So Are Threats: Here’s How to Keep Your Wallet Safe.” WeLiveSecurity. Jan. 9.

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