Cryptocurrencies scams increase in India
The cases of hacking and phishing scams have increased since 2017 in the Asian country
Cryptocurrency scams schemes have changed and increased considerably in India. The Asian country is currently facing new criminal schemes in the digital finance ecosystem. Platform hacking as well as phishing are part of criminals cyberattacks.
Although it is not a new situation, because in 2017 the Indian authorities warned about the vulnerability in transactions, at present the tension increases among corporate investors, the banking sector and the general public.
The cryptocurrencies have become the ideal means of criminals for the ransom request for kidnappings. Piracy has also caused great damage to naive investors who have been attacked online.
The victims of the various illicit acts include well-known businessmen as well as Bollywood artists. In any case, the country’s population is affected by the variety of digital currency attacks with the promise of high profits.
The various platforms that currently work with cryptocurrencies in India are under threat and their transactions are vulnerable to attacks by pirates who seek to steal assets or cheat customers. This has unleashed alarms in local regulators.
M.Pino
Source: LaRed
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