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Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications. "This large-scale campaign entices unwary individuals into a huge gambling scam. Many of these bogus websites impersonate "CoinEgg", a legitimate UK-based cryptocurrency trading platform," according to the report. CloudSEK was approached by a victim who allegedly lost Rs 50 lakh ($64,000) to such a cryptocurrency scam, in addition to other costs such as deposit amount, tax, etc. "We estimate that threat actors have defrauded victims of up to $128 million (about Rs 1,000 crore) via such crypto scams," said Rahul Sasi, Founder and CEO of CloudSEK. As investors shift their focus on the cryptocurrency markets, scammers and cheats turn their attention to them as well,' Sasi added. Threat actors first create fake domains that impersonate legitimate crypto trading platforms. The sites are designed to replicate the official website's dashboard and user experience. The attackers then create a female profile on social media to approach the potential victim and establish a friendship. The profile influences the victim to invest in cryptocurrency and start trading. "The profile also shares $100-dollar credit, as a gift to a particular crypto exchange, which in this case is a duplicate of a legitimate crypto exchange," the report mentioned. The victim initially makes a significant profit, which bolsters their trust in the platform and the threat actor. After the victim seemingly makes a profit, the scammer convinces them to invest a higher amount, promising better returns. Once the victim adds their own money to the fake exchange, the threat actor freezes their account, ensuring the victim can't withdraw their investment, and disappears with the victim's money. When victims take to various platforms to complain about losing access to their accounts, the same, or new, threat actors reach out to them in the guise of investigators. "To retrieve the frozen assets, they request victims to provide confidential information such as ID cards and bank details, via email. These details are then used to perpetrate other nefarious activities," the report warned. In the long-term, it is imperative for the collaboration between crypto exchanges, Internet service providers (ISPs), and cyber crime cells to raise awareness and take action against threat groups," said Sasi. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/crypto-markets-face-a-long-road-back-after-bitcoin-plunges-below-20000-as-an-every-man-for-himself-attitude-spreads-ubs-strategist-says/articleshow/92337463.cms">Crypto markets face a long road back after bitcoin plunges below $20,000 as an 'every man for himself' attitude spreads, UBS strategist says</a>

Indian investors have lost nearly ₹1,000 crore to fake cryptocurrency exchanges

<ul><li>More than 51 per cent of the total <keyword id="6354947" type="General" weightage="100" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> trading volume on various <keyword id="2721952" type="General" weightage="20" keywordseo="crypto" source="Orion">crypto</keyword> exchanges this year is fake.</li><li>According to data provided by niche news publisher BanklessTimes.com, the majority of this fake Bitcoin volume is due to wash trading.</li><li>According to the report, faking trading volume can be a way for exchanges to attract new customers.</li></ul>More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed. Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in the new and volatile crypto markets. Its market cap is currently at 382.25 billion. According to data provided by niche news publisher BanklessTimes.com, the majority of this fake Bitcoin volume is due to wash trading. Wash trading is illegal, where an asset is bought and sold simultaneously on the same platform to create false liquidity. This is often done by bots or spoofing orders. "It's difficult to talk about cryptocurrency without talking about Bitcoin. Yet, there is a concern that a large part of the daily traded volume of Bitcoin is fake. This puts into question the legitimacy of exchanges and the reliability of data," said Jonathan Merry, CEO of BanklessTimes. Another factor contributing to the fake volume is stablecoins such as Tether (USDT).A Tether pairs very well with Bitcoin and is often used to buy and sell Bitcoin on exchanges. "This results in much volume being generated without any actual Bitcoin changing hands," said the report. According to the report, faking trading volume can be a way for exchanges to attract new customers. By appearing to be more popular than they actually are, exchanges can trick investors into thinking there is more activity and liquidity on their platform. Another reason people might engage in wash trading is to prop up the price of a particular asset, according to the report. By buying and selling the asset simultaneously, they can create the illusion of demand and drive up the price. This can be done for personal gain or artificially inflate an asset's price before selling it. "Investors should be wary of exchanges that report false figures. You must do your research and only use exchanges you trust," the report suggested. SEE ALSO: <a href="https://www.businessinsider.in/business/news/whatapp-business-gives-a-new-lease-of-life-to-solopreneurs-across-india-and-bharat/articleshow/94673370.cms">WhatsApp Business gives a new lease of life to solopreneurs across India and Bharat</a> <a href="https://www.businessinsider.in/business/news/indias-service-sector-activity-falls-to-6-month-low-in-sep-amid-inflation-competition-pmi/articleshow/94675187.cms">India's service sector activity falls to 6-month low in Sep amid inflation, competition: PMI</a>

More than half of Bitcoin volume on crypto exchanges fake: Report

North Korea-based notorious <keyword id="279456" type="General" weightage="80" keywordseo="lazarus" source="Orion">Lazarus</keyword> hacking group is back in action, targeting <keyword id="6354427" type="General" weightage="80" keywordseo="apple" source="Orion">Apple</keyword> <keyword id="62949" type="General" weightage="100" keywordseo="mac" source="Orion">Mac</keyword> users with fake job emails that contain malicious files. Researchers at cyber-security firm ESET posted a screenshot on Twitter that showed fake job listings from leading crypto exchange <keyword id="1972612" type="General" weightage="80" keywordseo="coinbase" source="Orion">Coinbase</keyword> by Lazarus, famous for spreading the WannaCry ransomware globally in 2017. The fake job listing was for an engineering manager, product security, at Coinbase. "A signed Mac executable disguised as a job description for Coinbase was uploaded to VirusTotal from Brazil. This is an instance of Operation by Lazarus for Mac," the ESET researchers posted in a tweet. The fake job emails have an attachment containing malicious files that can compromise both Intel and Apple chip-powered Mac computers. "Malware is compiled for both Intel and Apple Silicon. It drops three files: a decoy PDF document, a bundle and a downloader," warned researchers. The Mac malware campaign is new and not part of previous Lazarus campaigns. This time, "the bundle is signed July 21 (according to the timestamp) using a certificate issued in February 2022 to a developer named <keyword id="14778863" type="General" weightage="50" keywordseo="shankey-nohria" source="Orion">Shankey Nohria</keyword>. The application is not notarised and Apple has revoked the certificate on August 12," the researchers noted. Last month, cyber-security researchers linked Lazarus with stealing $100 million worth digital tokens from Harmony, the crypto startup behind Horizon Blockchain Bridge. The Lazarus Group has perpetrated several large cryptocurrency thefts totalling over $2 billion, and has recently turned its attention to Decentralised Finance (DeFi) services such as cross-chain bridges, according to London-based blockchain analysis provider Elliptic. The same group is believed to be behind the $540 million hack of <keyword id="14283106" type="General" weightage="50" keywordseo="ronin-bridge" source="Orion">Ronin Bridge</keyword>. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/meet-indias-real-gully-boy-vidit-aatrey-of-meesho-is-taking-the-entrepreneurial-dream-deep-inside-bharat/articleshow/93702491.cms">Meet India’s Real Gully Boy: Vidit Aatrey of Meesho is taking the entrepreneurial dream deep inside Bharat</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indians-spend-half-an-hour-every-day-on-memes-and-thats-gone-up-80-in-the-last-year/articleshow/93702734.cms">Indians spend half an hour every day on memes and that's gone up 80% in the last year</a>

Lazarus hackers targeting Apple Mac users with fake job posts

<keyword id="6355629" type="General" weightage="20" keywordseo="Google" source="Orion">Google</keyword> has alerted <keyword id="51500" type="General" weightage="80" keywordseo="gmail" source="Orion">Gmail</keyword> users about five key scams and spams during the holiday season. The company advised users to avoid gift card and giveaway frauds, charity-related scams, demographic targeting scams, subscription renewals frauds and crypto scams. The tech giant protects users from around 15 billion unwanted messages a day and blocks more than 99.9 per cent of spam, phishing and malware, the company said in a blog post. A gift card and giveaway frauds are common during the peak holiday season. Scammers may try to fool victims into buying a gift card for them, by pretending to be a recognised contact or offering a free present in exchange for their credit card number. Moreover, if a giveaway seems too good to be true, it can be a scam. Charity-related scams and phishing attempts are harmful to both the victims of the frauds and the charities that would have benefited from the donations. Keep a look out for identity-based malicious emails, which may impersonate local parent-teacher association's (<keyword id="65629" type="General" weightage="20" keywordseo="pta" source="Orion">PTA</keyword>) board members or target certain age groups with fake emails, the company said. Scams involving membership renewal may create fake antivirus services in an effort to attract victims with the promise of increased security. Even though some scammers are highly skilled at making their messages appear believable, users should always check the sender's email. If something seems wrong, it might be fake. Crypto-based frauds frequently come in the form of variations, one of which attempts to extort money from a victim by threatening them. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/vocal-for-local-online-commerce-unicorn-meesho-joins-ondc-to-aid-local-sellers/articleshow/95704818.cms">Vocal for local: Online commerce unicorn Meesho joins ONDC to aid local sellers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/asus-launches-new-desktops-starting-at-54990-in-india/articleshow/95708142.cms">Asus launches new desktops starting at ₹54,990 in India</a>

Google alerts users about 5 key holiday season scams

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="http://www.apimages.com/metadata/Index/Gold-Cup-El-Salvador-Canada-Soccer/5675a665cf954b6c871a316fd3b03812/74/0">AP/Mark J. Terrill</a></div></div></div><ul class="summary-list"><li>The sudden death of the boss of a crypto exchange in India gets stranger by the day.</li><li>Quadriga CEO Gerald Cotten died suddenly from complications related to Crohn's disease at the age of 30, the company said earlier this month.</li><li>Cotten was the only person with the passwords to access about CAD$250 million ($188 million) worth of deposits held by customers.</li><li>The sheer amount of missing funds, as well as several odd circumstances surrounding Cotten's death, have <a href="https://www.reddit.com/r/BitcoinCA/">led to theories he faked his death</a> in an elaborate scam to rob his customers.</li></ul>The mystery surrounding the sudden death of a crypto exchange bossmQuadrigaCX CEO Gerald Cotten died suddenly in India of complications related to Crohn's disease at the age of 30, the company said earlier this month.His widow, Jennifer Robertson, said <a href="https://www.scribd.com/document/398721572/Jennifer-Robertson-Affidavit">in an affidavit </a>that he was the only one with Quadriga's passwords, meaning some 115,000 clients can't access their deposits. Quadriga's users are collectively owed about CAD$250 million ($188 million).The sheer amount of missing funds, as well as several odd circumstances surrounding Cotten's death, have <a href="https://www.reddit.com/r/BitcoinCA/">led to theories he faked his death</a> in an elaborate scam to rob his customers. Among a few reasons some crypto watchers are scratching their heads:<ul><li>With a proper treatment plan, <a href="https://bioplushealth.com/what-is-the-life-expectancy-with-crohns-disease/">the risk of death </a>from Crohn's disease is currently about 3%.</li><li>Cotten's will was signed on November 27, less than two weeks before his death on December 9. </li><li>Even before Cotten's death, the company had transaction delays and legal disputes led to millions of dollars being frozen.</li></ul>But those concerns aside, there's also the unusual way that Quadriga was run. As Canada's Globe and Mail reports, <a href="http://archive.is/fcX5n">the company was essentially a one-man show</a>."Perhaps the bigger mystery is why anyone trusted Quadriga in the first place," the Globe and Mail <a href="http://archive.is/fcX5n#selection-3423.184-3423.261">wrote</a>."Quadriga had no physical office, no corporate bank accounts or even an accounting department. Mr. Cotten employed only a small team of contractors. Cryptocurrency exchanges in Canada are not regulated. No one was watching over the company."Read more: <a href="https://www.businessinsider.com/quadrigacx-cant-pay-190-million-owed-because-ceo-with-password-died-2019-2?r=US&amp;IR=T">A crypto exchange can't repay $190 million it owes customers because its CEO died with the only password</a>Before his death, Cotten shifted the crypto holdings into "cold storage," offline physical devices that allow protection from thieves and hackers, his widow said. Those transactions paralyzed the funds, Robertson said, as Cotten was the only one with access. Robertson's attempts to hire consultants to help crack the code have so far been unsuccessful, she said. "The Quadriga story doesn't make sense," Emin Gün Sirer, a professor at Cornell University and co-director of the Initiative for CryptoCurrencies and Contracts, <a href="https://www.ndtv.com/world-news/sleuths-scour-for-frozen-quadriga-coins-in-crypto-drama-1989647">told Bloomberg</a>."If the funds are frozen and the cold wallet is inaccessible, it should be possible for the exchange to provide the cold wallet addresses so their claims can be verified with the help of the blockchain." Bloomberg also talked to an analysis firm called Elementus, which said that it couldn't find any cold wallets holding Ether, one of the cryptocurrencies that's listed as missing, and that Quadriga was moving Ether to bigger trading platforms through the middle of January.Did the exchange set up automatic transfers to larger exchanges when its wallet balances reached a certain amount?It's possible.Or, Elementus founder Max Galka told Bloomberg, it could be that "there's some fishy business going on."Get the latest Bitcoin price <a href="http://markets.businessinsider.com/currencies/BTC-USD">here.&gt;&gt;</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/jean-philippe-courtois-microsoft-executive-vice-president-digital-transformation-tech-intensity-davos-2019-1">A Microsoft EVP explains how every company is becoming digital - from farming to staffing</a></h3> <div> </div> </div>

'The bigger mystery is why anyone trusted Quadriga in the first place': The story of the CEO who died with the passwords to $190 million of cryptocurrency is getting stranger by the day

As the price of <keyword id="6354947" type="LOCATION" weightage="20" keywordseo="bitcoin">bitcoin</keyword> increased by almost 400 per cent, <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-61dc63ce-7fff-a688-ce3f-4256e03d586f">cryptocurrency</a>-related email compromise <keyword id="6375169" type="UNKNOWN" weightage="20" keywordseo="attacks">attacks</keyword> increased by 192 per cent between October 2020 and May 2021, a report said on Tuesday. According to cloud-enabled security solutions provider Barracuda Networks, cybercriminals are taking advantage of the opportunities this creates for them to trick potential victims and increase the profits they can make from their attacks. "The digital format of cryptocurrencies make them decentralised in nature and without any regulations, they have become the currency of choice for cybercriminals," Murali <keyword id="172569" type="PERSON" weightage="20" keywordseo="Urs">Urs</keyword>, Country Manager, Barracuda Networks-India, said in a statement. "It fuelled and enabled a multi-billion economy of ransomware, cyber-extortion and impersonation. These attacks are targeting not just private businesses, but also critical infrastructure, so they increasingly pose a national security risk," Urs added. Urs also said that the recent high-profile attacks on organisations like Colonial Pipeline and <keyword id="362428" type="COMPANY" weightage="20" keywordseo="JBS">JBS</keyword> in the US are likely to bring greater interest in the government's intervention and regulation of <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-d8894b19-7fff-d56a-506c-0b089f9ade8e">bitcoin</a>. Hackers use bitcoin to get paid in extortion attacks where they claim to have a compromising video or information that will be released to the public if the victim does not pay to keep it quiet. While this scheme has been around for some time, as the price of bitcoin climbed, cybercriminals started including it as part of their business email compromise attacks impersonating employees within an organization. They target and personalize these emails to get their victims to purchase bitcoin, donate them to fake charities, or even pay a fake vendor invoice using <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword>. Due to the rapid growth in the perceived value of bitcoin, ransomware attacks have also become more damaging than ever. In 2019, ransom demands ranged from a few thousand dollars to $2 million at the top end. By mid-2021 most demands were in the millions, with a significant number over $20 million. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/cryptocurrency/news/formula-one-strikes-a-100-million-sponsorship-deal-with-a-crypto-exchange-for-five-years/articleshow/84013515.cms">Formula One just struck another crypto deal — this time for a reported $100 million</a> <a href="https://www.businessinsider.in/cryptocurrency/news/south-africas-4-billion-in-crypto-scams-has-regulators-scrambling-to-bring-in-new-regulations-within-the-next-three-to-six-months/articleshow/84015957.cms">South Africa’s $4 billion in crypto scams has regulators scrambling to bring in new regulations within the next three to six months</a>

Cryptocurrency-related cyberattacks jumped four-fold as the price of Bitcoin boomed between October and May

<ul class="summary-list"><li><keyword id="11892922" type="UNKNOWN" weightage="60" keywordseo="netflix" source="Orion">Netflix</keyword> announced an upcoming <keyword id="11982316" type="UNKNOWN" weightage="60" keywordseo="documentary" source="Orion">documentary</keyword> about the Quadriga <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> saga and the death of CEO <keyword id="12180499" type="UNKNOWN" weightage="60" keywordseo="gerald-cotten" source="Orion">Gerald Cotten</keyword>.</li><li>Cotten's sudden death in 2018 led to the disappearance of millions of dollars worth of his investors' Bitcoin funds.</li><li>The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death.</li></ul>A new Netflix true-crime documentary is tackling a bizarre story from the world of <a href="https://markets.businessinsider.com/cryptocurrencies">cryptocurrency</a>.Netflix's 'Trust No One: The Hunt for the Crypto King' explores the story of Gerald Cotten, founder and CEO of Canadian <a href="https://www.businessinsider.com/personal-finance/best-crypto-bitcoin-exchanges">crypto exchange business</a> <keyword id="12180498" type="UNKNOWN" weightage="60" keywordseo="quadrigacx" source="Orion">QuadrigaCX</keyword>, whose passed away unexpectedly in 2018.The documentary follows a group of Quadriga investors turned sleuths who dig into the suspicious death of Cotten and the millions of missing cryptocurrency they believe Cotten stole from them, according to a <a href="https://twitter.com/netflix/status/1441040701320351750?s=20">tweet</a> from Netflix announcing the film.Cotten encrypted and stored about $190 million worth of his customers' <a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> caches and held sole responsibility for the passwords needed to access those funds. Then, the crypto millionaire suddenly died in India from complications from Crohn's disease about three years ago. Cotten neglected to pass on the passwords to the accounts, and in 2019, when investigators tracked down Cotten's digital wallets, all the money was gone. Customers have since struggled to regain access to their money, citing withdrawl issues and lack of communication from the company. The circumstances sparked speculation from some in the crypto community that the CEO faked his death and stole his clients' money. Official investigations into the matter have yet to produce any definitive answers. A sneak preview of the Netflix doc contains images that suggest the documentary will show the investors dive deeper into these conspiracies.The streaming service announced the feature alongside a <a href="https://www.youtube.com/watch?v=Yo3WUYBcNJI&amp;t=28s=28s">slate of upcoming true-crime projects</a> last week. Netflix has seen a boom with its true-crime docuseries, from 'Tiger King' to 'Making a Murderer.' It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020.'Trust No One: The Hunt for the Crypto King' will be released sometime in 2022.

Netflix true-crime documentary dives into cryptic death of crypto millionaire Gerald Cotten

As Tesla CEO and soon-to-be <keyword id="6354616" type="General" weightage="20" keywordseo="Twitter" source="Orion">Twitter</keyword> boss <keyword id="6355315" type="General" weightage="50" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> aims to crack down on spam bots, nearly half of his own followers on the micro-blogging platform are fake. According to Twitter auditing tool SparkToro, of <keyword id="364027" type="General" weightage="100" keywordseo="musk" source="Orion">Musk</keyword>'s 87.9 million followers (at the time of the research audit), roughly 48 per cent are fake, reports Time. These are the accounts that are "unreachable and will not see the account's tweets because they're spam, bots, propaganda, etc. or because they're no longer active on Twitter". Musk currently has nearly 90 million followers on Twitter. He has nearly 7 per cent more fake followers than the median 41 per cent accounts with a similar sized followings have, according to SparkToro. The auditing tool found that "accounts that are on an unusually small number of lists, accounts that have no url or a non-resolving url in their profile, and accounts that have a suspiciously small number of followers were some of the most frequently observed traits of a sample of 2,000 random accounts from the most recent 100,000 accounts that followed Musk". Spam bots are the "single most annoying problem" on Twitter, Musk tweeted last month, as he successfully reached the $44 billion Twitter takeover deal. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans," he had tweeted. "Twitter has tremendous potential. I look forward to working with the company and the community of users to unlock it," said Musk who is planning to hire a new Twitter CEO. In a TED interview last month, Musk said that crypto-based spam bots "make the product much worse." Musk has said that he will resolve the problem by authenticating "all real humans" on the platform. Not only Musk, <keyword id="10387" type="General" weightage="50" keywordseo="microsoft" source="Orion">Microsoft</keyword> founder and philanthropist Bill Gates and former US President Barack Obama have fake follower percentages of 46 per cent and 44 per cent, for their respective followings of 58.4 million and 131.7 million. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/meta-owned-whatsapp-bans-more-than-18-lakh-accounts-in-india-during-march/articleshow/91250363.cms">Meta-owned WhatsApp bans more than 18 lakh accounts in India during March</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/upi-reached-new-heights-with-5-58-billion-transactions-in-april-2022/articleshow/91250099.cms">UPI reaches new heights with 5.58 billion transactions in April 2022</a>

Auditing tool exposes Elon Musk's 'fake' Twitter following while he aims to crack down spam bots on the app

New Delhi, Targeted <keyword id="2989696" type="PERSON" weightage="20" keywordseo="ransomware-attacks">ransomware attacks</keyword> on the healthcare and pharma sector will surge in India in 2021 as companies finalise their vaccines to fight Covid-19, a new report said on Wednesday. Healthcare and pharma sector companies that have been in the front lines working to fight against the pandemic in the country are facing a new wave of ransomware attacks and extortion demands lately. According to the '<keyword id="10483231" type="UNKNOWN" weightage="20" keywordseo="threat-prediction">threat prediction</keyword> 2021' report by Seqrite, an enterprise security solutions brand by <keyword id="352084" type="COMPANY" weightage="20" keywordseo="Quick-Heal-Technologies">Quick Heal Technologies</keyword>, although few ransomware operators agreed not to attack the healthcare sector during the Covid-19 crisis, several other attack groups have continued to use ransomware against this sector, largely because of the sensitive and personal data of patients they store. Numerous hospitals, COVID-19 research firms, and pharma companies have fallen victim to ransomware in the last quarter of 2020, "making it necessary for them to adopt or deploy a comprehensive set of security solutions," the findings showed, without sharing the names of the victims. "The pandemic acted as a huge opportunity for cyber criminals to innovate their <keyword id="10483232" type="UNKNOWN" weightage="20" keywordseo="attack-strategies">attack strategies</keyword> further, and steal sensitive data for their personal gain," said Himanshu Dubey, Director, Quick Heal Security Labs. These advancements are likely to continue in the coming year as well. "For instance, new tactics like double extortion, crypto-mining, ethical hacking, etc. are expected to be widely adopted by threat actors in 2021," he added. There has been a massive surge in cyber attacks against the India vaccine makers and hospitals in the month of October and December. According to the latest research by New Delhi-based think tank <keyword id="9882284" type="COMPANY" weightage="20" keywordseo="cyberpeace-foundation">CyberPeace Foundation</keyword>, nearly 80 lakh attacks were recorded between October 1 and November 25 on the healthcare sector-based '<keyword id="10345584" type="COMPANY" weightage="20" keywordseo="threat-intelligence-sensors">Threat Intelligence Sensors</keyword>' network specifically simulated in India. According to Seqrite report, the use of ethical hacking among unethical hackers will increase to inject malware into the systems in 2021. "Threat actors will also use deep-fakes, automated phishing, red team tools, and crypto-mining to steal sensitive data," the report mentioned. Strengthening cybersecurity hence became the need of the hour for most businesses as they gear up for 2021, the report said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-infosys-wipro-jubilant-foodworks-bajaj-auto-majesco-and-others/articleshow/79909712.cms">Top stocks to watch – Infosys, Wipro, Jubilant FoodWorks, Bajaj Auto, Majesco, and others</a> <a href="https://www.businessinsider.in/stock-market/news/there-are-one-of-only-17-indian-companies-out-of-500-that-aced-the-du-pont-test/articleshow/79911627.cms">There are one of only 17 Indian companies out of 500 that aced the Du Pont test</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-buyback-offer-details-and-700-million-metro-ag-deal-drives-share-price/articleshow/79911875.cms">Wipro offers 10% more to buy back shares and signs a $700 million deal with Metro AG – everything that’s driving the IT services stock higher today</a>

You Searched For "india fake crypto" and got 9 results

Indian investors have lost nearly ₹1,000 crore to fake cryptocurrency exchanges

IANS

More than half of Bitcoin volume on crypto exchanges fake: Report

IANS

Lazarus hackers targeting Apple Mac users with fake job posts

IANS

Google alerts users about 5 key holiday season scams

IANS

'The bigger mystery is why anyone trusted Quadriga in the first place': The story of the CEO who died with the passwords to $190 million of cryptocurrency is getting stranger by the day

Trista Kelley

Cryptocurrency-related cyberattacks jumped four-fold as the price of Bitcoin boomed between October and May

IANS

Netflix true-crime documentary dives into cryptic death of crypto millionaire Gerald Cotten

Francis Agustin

Auditing tool exposes Elon Musk's 'fake' Twitter following while he aims to crack down spam bots on the app

IANS

Indian healthcare and pharma firms dealing with COVID-19 vaccines will be at high risk for ransomware attacks in 2021, says report

IANS

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