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Europol warned of crypto-hacking and hidden mining

Europol devoted a new report to hacker attacks and cryptographic

In a new report by Europol has been told about the frequent cases of crypto-currency hacks, extortion and development for covert mining.

The report titled "threat Assessment of organized Internet crime in 2018" was published on September 19. According to the document, due to the ever-increasing proliferation of financial technologies increases the likelihood of hacker attacks on cryptocurrency exchanges and user accounts.

In previous reports of Europol was noted that cyber criminals are increasingly turning to cryptocurrencies to Finance illegal activities. For example, the market share of Bitcoin has decreased because of the existence of the tokens with improved privacy protections (Monero, zcash, etc.).

A new report says that terrorist groups also use the cryptocurrency to raise funds. However, at this point they have never financed terrorist attacks throughout Europe using cryptocurrency.

Europol writes:

"No terrorist attack carried out in Europe, was not funded with cryptocurrencies. A terrorist group confined to small transactions. The main cash-flow still goes through the traditional banking and money transfer service".

In addition, cryptocurrency exchanges, miners and others exposed to very serious risk of hacker attacks, theft and extortion of personal data. The report also refers to possible risks for decentralized exchanges that are not run by any centralized organization:

"Laundering of money through cryptocurrency has become much more simple operation because of decentralized exchanges that allow an exchange of funds without complying with the identification requirements. That is a private crypto-currencies are the cause of obsolescence mixer services for digital currencies".

Another alarming trend in the global cybercriminal community mentioned in the report, "cryptogenic," i.e. the software for covert mining.

According to statistics, the number of hacker attacks, the aim of which is to install malware for covert mining of cryptocurrencies increased by 956% from June 2017 to June 2018. Despite this, Europol argues that a more serious threat remains software to extort money.

According to the report, programs for covert mining, who is hiding in the websites code are a source of additional income for criminals. Europol believes that hackers will begin to hack legitimate sites to operate their systems work with visitors. Moreover, in the near future, such activities could become an everyday source of income for cybercriminals.


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