1.3M+ Crypto Phishing Attacks Thwarted in Russia So Far This Year – Kaspersky

A recent report by cybersecurity provider Kaspersky Lab revealed that more than 1.3 million crypto-related phishing attacks were blocked in Russia during the first half of this year. These attacks are seen as a response to the growing popularity of cryptocurrencies in the country.

Since the escalation of the conflict with Ukraine and the imposition of sanctions, there has been a notable increase in sending Russian crypto-powered money to overseas locations. Some of these transactions involve the use of questionable “illegal exchanges” and “middlemen”. Moreover, Russian businesses have turned to cryptocurrencies for payments after facing restrictions on the US dollar-backed international trade market. These factors have created opportunities for cybercriminals to exploit and carry out phishing attacks.

Last year, a report showed a 40% year-over-year increase in Russian crypto-related criminal cases. Roman Dedenok, cybersecurity expert at Kaspersky Lab, emphasizes the importance of staying alert and implementing strong security measures to protect digital assets. He warned that attackers were targeting hot and cold wallets with fake crypto reward offers, impersonating well-known exchanges to trick users into clicking fraudulent links.

In a specially targeted phishing campaign, cybercriminals attempt to deceive hardware wallet users by sending fake emails from Ripple. This email entices users to participate in distributing XRP tokens. If the recipient clicks on the provided link, they will be redirected to a fraudulent website designed to collect login and password data.

Dedenok stressed the need for users to carefully verify email and message links before clicking on them or providing any confidential information. Vigilance is key when it comes to protection against such phishing attacks, which can compromise crypto holdings and individual personal information.

As the popularity of cryptocurrencies continues to increase, it is very important that users are aware of potential threats and take appropriate security measures to protect their digital assets. Cybersecurity remains a top priority in the crypto space, and users must remain vigilant against falling victim to phishing attempts and other fraudulent activity.