Hackers Indeed Love Bitcoin


Hackers Indeed Love Bitcoin

Financial cyber-attacks have increased significantly in the past year as a result of the emergence of new malware to steal and mine Bitcoin. For almost a year, attacks on Bitcoin has increased two and half times and has affected over 8.3 million users all around the world, said a reliable report.

For its advantage in making anonymous payment on the Internet, Bitcoin’s popularity has grown strongly in recent years. The course of Bitcoin reached $1,200 at the end of 2013, from $13.6 at the beginning of the same year. This appreciation has indeed made good and bad fans. While there is one section, who is trying to score the blocks of this currency by long-hour mining process, or by simply buying them, there is another section which is exploiting the little loopholes of Bitcoin with the hardest blow. This other section belongs to cybercriminals which considers Bitcoin as an attractive target.


If the holder of Bitcoin kept his “wallet” in unencrypted disc type, the task of crooks is not very difficult, as they need the copy of only one file to steal the whole account. Cybercriminals use two types of programs there – some steal online wallets and others are the applications secretly mines Bitcoin using your computers and other internet-enabled devices.

Bitcoin might be among the only trading currencies that has turned its investors into millionaires overnight. While history can hardly repeat itself, there are still many who believe that this currency can make them rich like they did during its initial days. The statement is quite controversial in times when people have moved towards other alternatives to Bitcoin, such as Litecoin, Peercoin, Dogecoin and others.

Bitcoin, however, still holds the charm of being a fortune maker. Maybe this is why there has been an increase in the number of spamming activities in this and in the previous year. There are many spam messages that have been circulated in the cyber world, presenting different Bitcoin-related schemes to lure people into a trap.

For instance: in the case reported by Kaspersky Labs, spammers offer the mail recipients to participate in a lottery to win Bitcoins, and asks them to click a link to download an anonymous file and install it on the computer. Obviously, it is a malicious file that steals information, computers became a part of botnets or cause other damages.

In the end, the attacks on Bitcoin have statistically grown like traditional banking threats. Cryptocurrency holders should be very careful, as in the case of Bitcoin theft, it is practically impossible to recover lost funds.

To contact the writer of the article: Yashu Gola at yashu@forexminute.com

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