McAfee Recent Report Shows Major Threats To Crypto Assets

Thu, 06/14/2018 - 16:44
Yuri Molchan
The research names phishing and malware as the main trouble-makers
Cover image via U.Today

The report says that most frequently phishing scams are used for stealing private wallet seeds. The document says that the website providing IOTA seeds for wallets generates tainted ones, thus fooling users.

General statistics

In 2018 mining malware has risen in popularity and infected millions of computers – that is a much bigger scale than in previous years.

McAfee® Global Threat Intelligence data shows that for the past half a year, a lot of malware creators have requalified from using ransomware to mining digital coins.

Ransomware attacks have declined by slightly over 30 percent in the first quarter of 2018 since the last quarter of 2017. Whereas crypto mining activities became more frequent and rose by almost 1,200 percent.


Technical progress on the march

Mining malware requires more complex and higher level code and techniques for infecting computers. It often aims at gamers or gets users to download the mining malware making them think that this software is entirely different.


Other dangers

51 percent attacks are also on the list of main risks. Recently they were successfully conducted against Verge, Bitcoin Gold and ZenCash coins.

Among other types of threats are bugs in smart contracts and attacks against them and also various malicious ways of using the distributed ledger technology itself.

Most hacks become a success due to the human factor, though, especially in cases of hijacked accounts in crypto exchanges made by contacting the support service and using techniques of social engineering.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at

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