In 2017, cryptocurrencies became a booming industry, attracting the attention of cybercriminals
In 2017, cryptocurrencies became a booming industry, attracting the attention of not only new users but also cybercriminals.
As the fraudsters came rushing to the newly crowded cryptocurrency space, users, businesses, and exchanges have found themselves the target of various fraud schemes – from phishing scams, through hacks, to surreptitious crypto-mining on compromised devices and, as of late 2017, via browsers.
Cybercrime targeting cryptocurrency has recently become so rampant that regulators have issued multiple warnings on cryptocurrency scams; Facebook banned all cryptocurrency ads on its platform, and insurers have started to offer protection against cryptocurrency theft.
The Android platform hasn’t been left out of the cryptocurrency frenzy, with users targeted by all kinds of deceptive cryptocurrency-related apps.
In this whitepaper, we’ll look at the most prevalent types of cryptocurrency scams currently targeting Android users, and their go-to tricks and techniques.
By identifying common red flags, we’ll lay out tips for users to keep their devices – and virtual coins – safe from fraudsters.