{"id":56447,"date":"2014-05-01T12:00:42","date_gmt":"2014-05-01T10:00:42","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=56447"},"modified":"2014-05-01T00:06:57","modified_gmt":"2014-04-30T22:06:57","slug":"surge-in-bitcoin-cybercrime","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/56447\/surge-in-bitcoin-cybercrime\/","title":{"rendered":"Surge in Bitcoin cybercrime"},"content":{"rendered":"<p>The number of financial malware attacks targeting crypto-currency, Bitcoin, increased more than 2.5 times and accounted for 8.3 million incidents in 2013.<\/p>\n<p>These were the findings from the \u2018Financial cyber threats in 2013\u2019 study carried out by a security solutions provider, Kaspersky Lab.<\/p>\n<p>Bitcoin was created especially for making anonymous e-payments and has become extremely popular over the last few years. In early 2013, the Bitcoin exchange rate was $13.6. By December it reached a record peak, exceeding $1,200.<\/p>\n<p>During the year several slumps occurred, but since April 2013 the price of a single virtual coin has not dropped below $80, Kaspersky Lab said.<\/p>\n<p>This inevitably attracted the attention of fraudsters, it said.<\/p>\n<p>Adding to the problem, Bitcoins are often easy prey for cybercriminals: if users store Bitcoins on their computers in an unencrypted form, attackers only need to steal the wallet file to get information about the \u201ccoins\u201d within and access the victim\u2019s account.<\/p>\n<p>More than 30 samples of finance-related malware were selected for Kaspersky Lab research. Nine of them were the programme designed to steal the crypto-currency. These nine represented a total of 29% of all financial cyber attacks performed using malicious applications.<\/p>\n<p>The tools used by cybercriminals to steal Bitcoins can be divided into two categories,\u00a0Kaspersky Lab said.<\/p>\n<p>The first category includes programmes created to steal wallet files. Applications in the second category are designed to install software for Bitcoin generation (&#8220;mining\u201d) on an infected computer.<\/p>\n<p>In absolute terms the Bitcoin wallet thieves performed twice as many attacks in 2013; however, the tools for &#8220;mining&#8221; developed more rapidly, the software firm said.<\/p>\n<h3 class=\"my-4\">More on Bitcoin and cybercrime<\/h3>\n<p><a title=\"Key security attacks in 2013\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/50444\/key-security-attacks-in-2013\/\"><strong>Key security attacks in 2013<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The number of financial malware attacks targeting crypto-currency, Bitcoin, increased more than 2.5 times and accounted for 8.3 million incidents in 2013.<\/p>\n","protected":false},"author":10,"featured_media":53022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882,1],"tags":[5537,26,2953],"class_list":["post-56447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","category-trending","tag-bitcoin","tag-headline","tag-kaspersky-lab"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/56447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=56447"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/56447\/revisions"}],"predecessor-version":[{"id":56591,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/56447\/revisions\/56591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/53022"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=56447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=56447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=56447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}