Sextortion

As blockchain, cryptocurrency and distributed ledger technology (DLT) adoption is gaining pace, various kinds of criminals and fraudsters also look into it as means of their illegal activity. Thieves have gained over $356 million from cryptocurrency exchange platforms and users solely in the first quarter of Q1 2019.

Due to weak cybersecurity and a lack of effective blockchain & bitcoin regulations, the cases of scam and sextortion are on a high increase in Italy. The cybercriminals have been claiming to be possessing special pictures, and videos containing pornographic contents.

The recent ‘bomb threat’ spam campaign seems to be a subsidiary action to another disgraceful email blackmail effort. Organisations and institutions such as universities, news outlet, schools, businesses across the globe are facing fake bomb threats.