Hackers to Steal $2.3M Worth Crypto in Q2 2018

This is stated in the newest security firm Kaspersky Lab's report
15 August 2018   812

Kaspersky Lab experts report that cybercriminals managed to steal $ 2.3 million worth cryptocurrency in the second quarter of 2018. 

According to the information from security experts, in the second quarter of this year Kaspersky Lab prevented more than 60 thousand clicks to phishing Internet pages. Similar sites pretend to be popular cryptocurrency wallets and exchanges to steal user data and passwords. Also, scammers create fake ICO and tokensales.

It is noted that some users are not aware of the existence of phishing sites.

The permanence of attacks targeting financial organizations reflects the fact that more and more people are using electronic money. Still, not all of them are sufficiently aware of the possible risks, so intruders are actively trying to steal sensitive information through phishing.

Nadezhda Demidova

lead web content analyst, Kaspersky

Also researchers had created statistics on countries, reflecting the global scope of phishing. Cybercrimes are committed around the world, and the most active regions are South America and Asia. Thus, in the second quarter, 15.5% of attacks were committed in Brazil. It is followed by China and Georgia (14.4% each), Kyrgyzstan (13.6%) and Russia (13.27%).

Recently Kaspersky Lab announced that over the past year cybercriminals managed to get more than 21 000 ETH with the help of social engineering.

US Federal Reserve to Consider Digital USD Issue

If a some country or company issues digital money that is widely recognized, this could lead to the loss its status by the USD, fed official believes
17 October 2019   66

The US Federal Reserve is actively considering the possibility of issuing digital currency, fearing the dollar will lose its leading position in the global financial system. This was stated by President of the Federal Reserve Bank of Dallas Rob Kaplan, reports CoinDesk.

In his opinion, if a foreign government or company issues digital money that is widely recognized, this could lead to the loss of the status of the world's reserve currency by the dollar.

On the eve of the previous chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo also expressed concern that the re-issuance by other countries of national currencies in digital form could lead to the dollar losing its dominant role in the world. He called for the release of a digital dollar on the blockchain.

Bank of England Governor Mark Carney said earlier that a digital currency like Facebook’s Libra can replace the dollar as a global reserve currency.

The emergence of an attractive and viable alternative to the dollar will reduce demand for US government securities, Kaplan said. This will lead to an increase in interest rates by 100 basis points (1%), which will increase the cost of servicing public debt by $ 200 billion per year.

I still think for the foreseeable future, the dollar will be the world reserve currency, we’re able to refinance our debt at relatively low rates, but I don’t think we should take that for granted.

Rob Kaplan

President, Federal Reserve Bank of Dallas

Kaplan noted that countries subjected to sanctions or increased trade tariffs by the United States are working most actively on the digital alternative to the dollar.