Cybercrime shifts: Rise of Russian cybercrime, attacks on cryptocurrency marketplaces

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Cryptocurrency marketplaces, designed to facilitate trading on the full range of digital currencies, are experiencing a range of fraudulent activity.

The world of cryptocurrency has moved from being the playground of the criminal underworld to be a prime target for attacks on legitimate transactions, according to the Q4 2017 Cybercrime Report by ThreatMetrix.

Fraudulent new accounts are created using stolen or synthesized identities to set up mule accounts to launder money. Additionally, legitimate accounts are being hacked to make fraudulent payments and transfer cryptocurrency balances out when at their highest value.

Read more at: www.helpnetsecurity.com

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