The 150% increase in crypto theft and fraud reflects how criminals are adapting for bigger and better scores, criminals chase money and the money is right here and ripe for the taking. Little attacks are often easy to defend against, but targeted attacks are far more lucrative.

Dave Jevans

Categorized in : Technology

Today's attackers are patient and willing to spend more time waiting for a payout, not only have we seen more and more $100 million thefts and scams, those responsible are acting carefully, only cashing out small amounts to stay under the radar.

Even without the two biggest thefts and scams, we are still witnessing many multi-million dollar crimes, there is a relatively consistent increase in criminal activity year over year and we don't expect that to change overnight.

GDPR will negatively impact the overall security of the internet and will also inadvertently aid cybercriminals, by restricting access to critical information, the new law will significantly hinder investigations into cybercrime, cryptocurrency theft, phishing, ransomware, malware, fraud and crypto-jacking.

So what we're going to see is that not only the European market goes dark for all of us; so all the bad guys will flow to Europe because you can actually access the world from Europe and there's no way you can get the data anymore.