Cryptocurrency Scams Are Down, but Crypto Ransomware Is on the Rise
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The number of dollars lost to cryptocurrency-related crimes has dropped this year, with one huge exception... Crypto ransomware. Attacks like ransomware are continuing to grow in numbers, extorting victims for about $449.1 million between the start of this year till June. According to the IBM Security X-Force Threat Intelligence Index 2023, these ransomware attacks represented 17 percent of all the cyberattacks last year.