The report also showed that most of the 40% of attacks targeted individuals who frequently engage in cryptocurrency transactions, such as investors, traders, and enthusiasts.
Moreover, attackers are increasingly targeting decentralized finance (DeFi) platforms, where users can lend or borrow cryptocurrencies without intermediaries.
The rise in crypto phishing attacks can be attributed to the increasing popularity of digital assets, especially Bitcoin and other cryptocurrencies, which have gained significant value over the years.
As more people invest in cryptocurrencies, cybercriminals are continuously finding new ways to exploit the market.
To prevent these attacks, Kaspersky recommends that users always verify the authenticity of any website or platform before providing any personal information.
They should also use multi-factor authentication and avoid clicking on links from unknown sources or disclosing sensitive information over email or messaging apps.
