Cryptocurrencies: An Ever-Increasing Target for Cyber Crime – The Monero 5% Heist is the Latest Example

Colleagues, Monero is by no means a tier 1 cryptocurrency. According to Satoshi Pulse it ranks 14^th in cryptocurrency market cap worldwide. However, the recent theft of some 5% of the currency’s value at the hands of so-called “malicious miners” once again exposes the vulnerabilities cryptocurrencies need to resolve. Key cybercrime targets in the cryptocurrency world include ICO, mining, exchanges, wallets and the underlying Blockchain. Cyber criminals undoubtedly will probe very component of the crypto ecosystem to find the weakest links. Now that we have entered the era of quantum computing-based cybercrime security is of tantamount importance to the mass adoption of cryptocurrencies.  Post a comment and visit us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)