Along with coronavirus scams, cybercriminals additionally leveraged the pandemic to launch blockchain-related cyberattacks on unsuspecting customers and organizations to steal billions final 12 months.
Atlas VPN has launched a new report revealing that blockchain hackers stole practically $3.78bn in 122 assaults all through 2020. Actually, the quantity of blockchain-related assaults that occurred final 12 months alone account for nearly a 3rd of all assaults focusing on blockchain initiatives.
These figures are primarily based on information offered from Slowmist Hacked which tracks and aggregates data concerning disclosed assaults aimed toward blockchain initiatives, apps and tokens. Blockchain scams are additionally included on this information and so they made up 13 p.c of all blockchain hacking occasions that occurred in 2020.
The financial losses from blockchain hacks have been calculated primarily based on conversion charges from January of this 12 months, so the cybercriminals behind them could have really even stolen more cash than the quantity reported by Slomist Hacked and AtlasVPN.
Ethereum (ETH) DApps or decentralized purposes primarily based on the Ethereum good contract have been probably the most ceaselessly focused blockchain undertaking final 12 months. In complete, there have been 47 profitable assaults aimed toward ETH Dapps in 2020 which prices victims round $436.36m or $9.28m per hack.
As cryptocurrencies resembling Bitcoin noticed a significant resurgence final 12 months, cryptocurrency exchanges skilled 28 breaches that collectively amounted to $300.15m in losses or $10.72m per hack.
Blockchain wallets, that are used to story cryptocurrencies, have been additionally focused by cybercriminals in 27 profitable assaults that introduced in $3.03bn or $112.12m per hack. Blockchains themselves have been even affected by hacks in 2020 with 12 profitable assaults launched at totally different blockchains and the cybercriminals accountable earned $5.91m or $492k per every breach.
As we start the brand new 12 months, anticipate hackers to proceed focusing on blockchains and cryptocurrencies since these assaults have been so worthwhile for them in 2020.