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.