Kaspersky, a world-renowned cybersecurity firm has just released Cyberthreats to Finance Organizations 2022. Kaspersky’s deep threat intelligence and security expertise uniquely positions it as a global leader within the cyber and information security sector. It correctly predicted 7-of-8 cyberthreats for 2021 and believes it has the inside track to foresee the cyber risks for next year as well – of particular interest are these four forecasts specific to cryptocurrencies.

Targeted attack on cryptocurrency

Kaspersky says that cryptocurrency is on the rise and investors continue to put money into it. All transactions happen online, which offers anonymity and security to all users. Cybercrime groups won’t be able to resist these attractive features. These attractive aspects are not limited to cybercrime organizations. But also by state-sponsored organizations that have begun to target this sector.. This implies more attacks from governments – the primary initiators of such attacks would be Russia, China, North Korea, and others.

Fake hardware wallets are another threat to cryptography

Although some may consider investing in cryptocurrency risky, others realize the potential for disaster if they lose their wallet. Though infostealers could easily steal a wallet stored locally, cloud-based wallets are more vulnerable to hackers and can be lost. You can also use hardware-based wallets to store cryptocurrency. Kaspersky is convinced that the rush for fraudulent cryptocurrency opportunities has led to a lack of trust in these wallets. cybercriminals will take advantage of fabricating and selling knock-off devices with backdoors, followed by social engineering campaigns, and other methods to steal victims’ financial assets.

Cybercriminals are attracted to the growing number of fintech apps on mobile.

Thanks to online payment systems and fintech applications, lots of valuable personal information is stored on mobile devices – including the majority of cryptocurrency exchange apps and wallets such as Coinbase (NASDAQ:), Kraken, Kucoin, Robinhood (NASDAQ:) and more. There are many. cybercrime groups will continue to attack personal mobile phones with evolved strategies such as deep fake technology and advanced malware to steal victims’ data from these apps – including cryptos.

ATM/PoS Malware to Return with a Vengeance

Some areas saw their point of sale and ATM transaction rates drop dramatically during the pandemic. The lockdown forced many people to remain at home, making purchases online. Restrictions are being lifted. Kaspersky anticipates the return to PoS/ATM malware and an increase in new coding attacks inside ATMs and PoS devices. According to Statista, this could have a direct impact on cryptocurrencies as the global number of ATMs has increased each month since 2015. In 2021 there were roughly 14,000 Bitcoin ATMs around the world, with approximately 83% of these located in North America.

Flipside

• Kaspersky has the right tools to predict cyberthreats. Kaspersky’s security portfolio is comprehensive and includes top-of-the-line endpoint security and many specialized services that help to combat evolving and complex digital threats.
• Kaspersky Technologies protects over 400 million users.
• Bottom line, Kaspersky knows what they’re talking about when it comes to cybercrime and crypto – we should take heed.

What are the reasons to care?

It is possible that you will want an authentic cold storage wallet. You can contact directlyFrom the Trezor or Ledger manufacturers. Do not buy one from a third-party website such as Amazon (NASDAQ:), eBay (NASDAQ:), or Best Buy – independent sellers frequently use those platforms to sell counterfeit tech products.

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