Cryptocurrency

Kaspersky Predict Major Trends Followed in Coming Year

On November 22, 2022, Kaspersky, a Cybersecurity Firm, released a report that predicted major trends will be followed in the coming year by attackers. The report is prepared by the company’s extensive experience to prevent from the vast range of possible risks.

Year 2022 Forecast Analysis

Kaspersky firstly added about its analysis on the forecasts of 2022. The telemetry of Kaspersky indicates an exponential growth in infostealers in 2021. On the other hand, the cybersecurity firms have not seen exponential growth in the use of stealers, their advancement and evolution has been very noticeable.

Meanwhile, in 2022, Kaspersky uncovered some recent malicious families actively sold on dark markets, like Rhadamanthys, BlueFox, and Parrot, stealing sensitive information from the victims’ devices. And , Onion Poison was one of the most striking news stealers.

The attackers seemed they were still more likely to hunt for cryptocurrency using phishing, offering dubious crypto exchange platforms, and launching cryptojacking to illicit mint cryptocurrency.

In addition, ransomware or crypto fraud using crypto topped $600 Million in 2021 and also some of the biggest heists like the Colonial Pipeline attack demanded BTC as a ransom.

As per the Kaspersky report crypto scams have increased along with the greater adoption of digital assets. While people became more aware of crypto and are less likely to fall for primitive scams like the Elon Musk-deepfake videos promising huge crypto returns.

In 2022, many other cryptocurrency-related threats potentially cost users millions of dollars as cybercriminals have stolen around $3 Billion from DeFi protocols, with a total of 125 crypto hacks. As per the data sourced from freshest on DeFi, every hour 15 newly deployed scams against smart contracts are detected. Thus at this rate, 2022 will probably surpass 2021 as the biggest year for hacking on record.

Year 2023 Forecast

As digital assets gain popularity among the people on the dark side, it also became the victim of an increased number of scams. The cyber attackers still try to steal money using fake ICOs and NFTs along with other cryptocurrency-based financial theft, but will make them more advanced and widespread.

Additionally, ransomware negotiations and payments begin to rely less on Bitcoin as a transfer of value. The sanctions continue to be issued and the market is becoming more regulated. With technology improvement at tracking the flow and sources of Bitcoin, cybercrooks will rotate away from this cryptocurrency toward other forms of value transfer.

The ransomware groups are following less financial interests but further follows more destructive activity. Yet, ransomware has been one of the biggest threats in recent years that left massive financial damage on the organizations.

It must be noted that in 2023, stealth execution and bypassing EDRs are going to be focused on by malicious loader developers.

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