Blockchain Technology applications in cyber security range from data protection, decentralization, resistance to attacks among others. General digitization is associated with a heap of risks that developers and entrepreneurs need to be aware of. Although the full potential of the technology is yet to be explored, it is already preventing many cyber crimes across the world.
2020 has seen a significant increase in the number of scams related to cryptocurrency. To lure out people’s money, scammers constantly improve their schemes and invent new approaches to look more reliable and trustful.
Monero cryptocurrency offers its users enhanced anonymity features. However, this feature is favourable not only to ordinary traders but also to criminals taking advantage of the coin for illegal purposes. This makes some cryptocurrency exchanges avoid dealing with the coin.
On May 3, a group of hackers breached popular blogging platform Ghost to mine cryptocurrency on its underlying infrastructure, Salt. This case adds up to a number of other crypto attacks, which became increasingly proliferated since the beginning of global pandemics.