Five Ways Cyber Criminals are Trying to Cash in on Crypto Currency (eWeek)


Before speculation led to the skyrocketing market capitalizations of crypto-currencies over the past year, online crime was a significant driver of the commercial value of Bitcoin, Ethereum and other digital currencies.

Dark Web transactions for drugs, payoffs for ransomware attacks and money laundering for a variety of criminal enterprises drove much of the initial value increases of the currencies. Yet, criminals have increasingly targeted the burgeoning ecosystem for virtual currencies, looking to illicitly generate currency through mining, by stealing currency from exchanges and wallets, and by finding new ways to deny service for extortion and revenge.