Crypto Crimes: A Growing Target of Hacker Gangs in 2020

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The Cybersecurity and Infrastructure Security Agency (CISA) is a combined array of government and law enforcement agencies in the U.S. that investigate and identify cyber threats like crypto crimes. In the US they work closely with the Attorney General’s Cyber Digital Task Force.   

Virtual currencies at-risk

The Lazarus Group is just another high-profile indication that cybercrime is hitting the crypto-currency exchanges more often. As virtual currency becomes more widely recognized as mainstream payment, there has been a clear shift to cyber crime.  

The virtual markets and exchanges appeal to criminals because in hack attacks they are often easier to get in and often have fewer complications than more traditional financial institutions offer.

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“Criminals aren’t always reliable,” Vallese said. “So there is a great deal of risk involved between the theft and the money reaching a hackers’ accounts. With cryptocurrency, you cut out nearly all the middle-men.”

 According to the October 2020 Attorney General’s Cyber Digital Task Force, report virtual currency is “particularly attractive, adaptable, and scalable, as a target, for theft.”