ICO funded projects hit by 100 cyber attacks a month – report>
Daily Mail – Reuters
MOSCOW, Jan 24 (Reuters) – Projects which raise funds through “initial coin offerings” (ICOs) are attacked by cyber criminals 100 times a month on average, a report said, underscoring the risks of investing in cryptocurrency ventures online. The research, published by Moscow-based cyber security firm Group-IB on Wednesday, was based on an analysis of 450 attacks on ICOs since the beginning of 2017. Attempts by hackers to steal money from ICO projects increased tenfold over the period. Group-IB also took part in a study published this week by Ernst & Young which showed that roughly $400 million of the $3.7 billion raised via ICOs to date had been stolen. Follow us: @MailOnline on Twitter | DailyMail on Facebook Group-IB said ICOs and cryptocurrency investors were particularly at risk from so-called phishing attacks – when hackers spoof emails and websites to steal passwords and personal information – with some groups who previously targeted banks now stealing as much as $1.5 million a month this way.
Link: http://www.dailymail.co.uk/wires/reuters/article-5306825/ICO-funded-projects-hit-100-cyber-attacks-month–report.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490