Home Latest News Crypto Scams are on the Rise, and Ransomware is the Top Threat for Indians in 2021

Crypto Scams are on the Rise, and Ransomware is the Top Threat for Indians in 2021

by CISOCONNECT Bureau

According to a new report released on Wednesday, cybercriminals continued to exploit people’s screen habits acquired during the lockdown to spread online scams, and ransomware was the biggest threat for Indians in 2021, followed by crypto scams.

When comparing the last five months of 2021 to the first five months of the year, cybersecurity researchers found a 38% increase in ransomware attacks targeting consumers globally, with a 65% increase in India.

Adware and fleeceware were among the top threats on mobile devices, according to Avast.

During the months of June to October, businesses worldwide saw a 32% increase in the number of attacks.

However, India’s percentage was lower than the global average, at 19%.

Phishing attacks grew in popularity in general in 2021.

In the last five months of the year, the likelihood of businesses being targeted by phishing scams climbed by 40% globally, but by only 13% in India.

The report noted, “Consumers, too, continue to be targeted by phishing scams with the increase in global (24 per cent) and India (23 per cent) figures being nearly the same,”

This year, there have been numerous reports of new threats aimed at profiting from or mining cryptocurrency at the expense of customers.

Crackonosh and BluStealer were two of the most prominent ones that had an impact on several countries throughout the world.

In addition to Crackonosh and BlueStealer, the researchers discovered cryptocurrency-stealing malware distributed through HackBoss, a Telegram channel that had taken over $560,000 from victims at the time of discovery.

The researchers discovered more than 19,300 Android apps in September that could have exposed user data owing to an incorrect configuration of the Firebase database, an Android tool that developers can use to store user data.

This impacted a wide range of apps in different parts of the world, including lifestyle, fitness, gaming, food delivery, and mailing apps.

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