Atlas VPN
Top 5 crypto cyberthreat statistics of the last year
https://cybersecureforum.co.uk/wp-content/uploads/2022/10/bitcoin-2007769_1280-2.jpg 960 640 Stuart O'Brien Stuart O'Brien https://secure.gravatar.com/avatar/81af0597d5c9bfe2231f1397b411745a?s=96&d=mm&r=g#4 Blockchain.com, Luno, and Cardano are the top-most phished crypto projects (Source)
One of the phishers’ favorite tactics is impersonating well-known brands, and cryptocurrency brands are no exception.
Out of all cryptocurrency service brands, the website of Blockchain.com was the most commonly spoofed. The brand had 662 phishing websites in the last 90 days (till June 22, 2022). Blockchain.com is followed by the crypto investing app Luno, with 277 phishing pages, and proof-of-stake blockchain platform Cardano with 191.
#5 DeFi-related hacks accounted for 76% of all major hacks in 2021 (Source)
Decentralized finance (DeFi) is a system that enables the availability of financial products on a public decentralized blockchain network. Buyers, sellers, lenders, and borrowers can interact peer-to-peer through DeFi instead of going through intermediaries such as banks or brokerages when arranging transactions.
The Atlas VPN team found that DeFi-related hacks made up 76% of all major hacks in 2021. Furthermore, hackers stole $361 million from DeFi projects in the first half of 2021, which surpasses losses from 2020 by 180%.
Cyberattacks surge by 33% in a year
https://cybersecureforum.co.uk/wp-content/uploads/2019/09/4.-Corvid-data-breach.jpg 960 640 Stuart O'Brien Stuart O'Brien https://secure.gravatar.com/avatar/81af0597d5c9bfe2231f1397b411745a?s=96&d=mm&r=gAccording to the data presented by Atlas VPN, cyberattacks have increased by 33% since last year – The total amount of malicious attacks in Q1 rose from 538 in 2020 to 713 in 2021.
In January 2020, there were a total of 160 cyberattacks. Meanwhile, January 2021 saw 183 malicious attacks — 14% more than the same month last year.
Looking at February’s numbers, we can see a tremendous increase in cyberattacks in 2021 compared to 2020. Malicious attacks jumped by 33% from 191 in 2020 to 254 in 2021.
In March 2021, cyberattacks grew more than 50% compared to March 2020. The total number of attacks went up from 187 to 276.
Cybersecurity writer and researcher at Atlas VPN, William Sword, said: “A significant increase in cyberattacks has shown that many companies or government administrations are not prepared to handle cybersecurity threats. With more and more people becoming victims of hackers, responsible institutions should step up their efforts in the cybersecurity field.”
Cybercriminals employ various techniques to penetrate vulnerable systems. Malware continues to be one of the most used techniques for cyberattacks. In Q1 2021 it was employed in 32% of all cyberattack cases. Hackers use malware to trick a victim into providing personal data for identity theft.
Unknown attacks were the second most-used in the first quarter of this year at 22%. The unknown threat is classified as such when a security product cannot recognize its code, which is why it is tough to stop such attacks.
Next up is account takeover (ATO). This type of cyberattack technique was used in 14% of all cyberattacks in Q1 2021.