Financial Cybercrime: Why Cryptocurrency is the Perfect ‘Getaway Car’

Threat Post -

John Hammond, security researcher with Huntress, discusses how financially motivated cybercrooks use and abuse cryptocurrency.

This is part one of a two-part series on how hackers stole $2 million in cryptocurrency. Part 2 will be posted nest week!

It’s no secret: Hackers are out to make money. Over the summer, it seemed there was practically a new ransomware attack every day of the week. Whether it be Colonial Pipeline, JBS, the Massachusetts Steamship, Fujifilms or any other organization in the headlines, cybercrime is in the spotlight more than ever before — and with good reason: cybercrime is a lucrative gig.

We tend to poke fun at the historic television game show Who Wants To Be A Millionaire? Certainly, just about everyone in the world wants to be a millionaire, and threat actors are no exception. In recent reports, cybercrime cost the world over $1 trillion,

The post Financial Cybercrime: Why Cryptocurrency is the Perfect ‘Getaway Car’ originally appeared on Threat Post.

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