The Webroot Podcast

Hacker Files: Bitcoin Scams are on the Rise

November 29, 2021 Webroot
The Webroot Podcast
Hacker Files: Bitcoin Scams are on the Rise
Show Notes

The accelerated demand for bitcoin has provided cybercriminals with a new playground. It’s untraceable, making it perfect for extortion and impersonation. In fact, reported by CBS News, Americans have lost more than $80 million in cryptocurrency investment scams since October, which represents a 1,000% increase from the fall of 2019, according to FTC data. This podcast explores this attack vector and the common methods and scams, including modern mining malware such as LemonDuck and LemonCat.