Crypto-related scams have surged by over 1,200% in the past year, with attackers leveraging artificial intelligence, business email compromise (BEC), and sextortion kits to steal funds. A report from Fortra highlights the growing role of cryptocurrency in cybercrime, with stolen digital assets being easy to launder. AI-powered phishing emails and dark web toolkits are making it easier than ever for scammers to deceive victims.
Originally published in Cybernews.
Excerpt: ”In the past, grammar mistakes often exposed scammers, but now, AI crafts flawless and persuasive emails. These emails can be sent to hundreds of potential victims, each containing a crypto wallet address – leaving criminals to simply wait for the money to roll in.”