Cryptocurrency Crime Volume Reaches $ 1 Billion

From July 2020 to July 2021, the volume of cyber extortion and cryptocurrency crimes worldwide amounted toat least $ 1 billion.

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Izvestia reports this with reference to data from Kaspersky Lab.

According to experts, the number of major attacks and attemptsransomware-related blackmail cases exceeded 1,000 cases in 2021. The average ransom amount was about $ 250,000, but often reached $ 5-10 million.

Among the main reasons for the activation of ransomware are the growth of cryptocurrency rates and the increase in their popularity.

According to analysts, in Russia the volume of crimes with digital assets in 2021 reached approximately $ 50 million.

According to Ransomwhere, in 2021, ransomware-related addresses received more than $ 33 million in cryptocurrencies.

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