Bitcoin theft is likely to surge in meager post-COVID economy: report

Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and anti-virus provider, Kaspersky Lab. Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks that are likely to surge in 2021.

According to Kaspersky’s research arm, Bitcoin is likely to be the most attractive asset for cybercrime because it is the most popular digital asset. The report reads: Securelist’s researchers also suggested that online perpetrators could switch to more privacy-focused digital assets like Monero (XMR).

Timeline of Bitcoin, Monero