Digital forensic experts noted that crypto crime is rising. Cybercriminals are increasingly targeting bitcoin and other cryptocurrencies through hacking, ransomware, and scams.
Over the past few weeks, hundreds of people sought the help of McCann Investigations and other digital forensic firms to find their cryptocurrencies. Some people reported that they lost their digital currencies. Other said hackers stole them.
In its website, Wallet Recovery Services informed customers that its response time is slow because of overwhelming demand. The firm is specializes in recovering lost bitcoin, ethereum, and other cryptocurrencies.
Dorothy Flippov, a private investigator at McCann Investigations told CNBC, “There are a lot of vulnerabilities when you open a cryptocurrency account.”
Theft of bitcoin is rising
Chainalysis, a blockchain tracking company reported that more than three million bitcoins have been lost. Based on its analysis, the theft of bitcoin increased from at least $3 million to $95 million in 2016.
