5 Reasons Why Criminals Focus On Cryptocurrency

It wouldn’t be the first that criminals try and succeed to steal a great amount of cryptocurrency. There are many reasons why that might be so. Cryptocurrencies are very attractive to criminals because of the opportunities they offer and the many great possibilities as well. Here are some of the possible reasons why.

1. Newcomers

When prices shoot up, a great number of inexperienced, or simply new people on the crypto market, try to buy them. Some of them don’t really know how to use and protect their investments. They usually don’t use hardware wallets and popular and verified exchanges.

2. Prices Shooting Up

When cryptocurrencies surge in price, it’s more likely that hackers would attack when bitcoin reaches $5.000 rather than when it’s $5. They get motivated to create new and better ways to get to your investments.

3. Smaller Cryptos Are Easier To Reach

When new currencies come to the market, they are usually cheaper but also easier to mine. They offer many new options and thus more criminals are interested in them.

4. Malware Is Easy To Get

You would be surprised how easy it is to get a crypto-stealing malware. Even if you don’t necessarily understand or regularly use technology, you can easily get your hands a malware like this.

5. Poorly Protected Exchanges

There are hundreds of exchanges opening up almost every month. Many of them offer poor security and protection. Only a few of them are verified and give you what as a crypto investor and enthusiast you need. Exchanges usually cannot take back fraudulent transactions and this is how millions of cryptocurrencies can get lost on the way.