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security How Hackers Are Targeting Cryptocurrency

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How Hackers Are Targeting Cryptocurrency


Crypto exchanges that want to maintain credibility must implement some of the same "know your customer" controls used by banks and similar institutions.

As the cryptocurrency and digital asset markets mature, so have hackers' approaches to compromising exchanges, asset owners, and other parts of the crypto-financial ecosystem. Whereas cryptocurrencies' role in attacks used to simply be ransomware payments, the market has changed. In leveraging cryptocurrency for ransomware payments, hackers have had to educate themselves on these systems, giving them awareness and understanding of various platforms in the space, the security controls they do or don't have in place, and their potential weaknesses.


Read more:

https://www.darkreading.com/vulnerabilities-threats/how-hackers-are-targeting-cryptocurrency
 
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