“Unlike conventional financial operations, cryptocurrency holders do not have institutional support to protect their savings or cover their losses…”
via Zero Hedge
Cybersecurity company Carbon Black announced that roughly $1.1 bln worth of digital currency has been stolen in the first half of 2018, CNBC reported June 7.
The security company said that criminals take advantage of the dark web to facilitate large-scale cryptocurrency theft. Estimates reportedly show that there are 12,000 marketplaces and 34,000 offerings associated with cryptotheft hackers can take advantage of. The dark web can be only accessed with the application of special software and allows users to stay anonymous and mostly untraceable.
Carbon Black Security strategist Rick McElroy, who was interviewed by CNBC, said that basic malware costs an average of $224 and can be priced as low as $1.04. McElroy added that it even sometimes comes with a form of customer support. According to the report, the malware marketplace is worth $6.7 mln.