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Crypto Crime Tactics Grow More Sophisticated as New Data-Theft Methods Emerge

Source
Uk Jin

Summary

  • Malicious attack methods in the cryptocurrency industry are becoming increasingly sophisticated, according to a report.
  • Mailiha Ma, deputy general counsel at 1inch Labs, said malicious actors in the crypto industry are continuing to grow more sophisticated.
  • She said some attackers are finding new ways to gather information or use social engineering techniques, and that new forms of attacks that people have not seen before are emerging.

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Photo: Shutterstock
Photo: Shutterstock

Malicious attack methods in the cryptocurrency industry are becoming increasingly sophisticated, Cointelegraph reported on May 27.

In a recent interview, Mailiha Ma, deputy general counsel at 1inch Labs, said bad actors in the crypto industry are continuing to grow more sophisticated.

"It is always a cat-and-mouse chase," Ma said, adding that some attackers are finding new ways to gather information or use social engineering techniques.

She added that these methods may not always be highly advanced technically, but new forms of attacks are emerging that people have not seen before.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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