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   495

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.

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin