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Bitcoin graphic

It was only natural that the Internet’s cyber-criminal element would turn its gaze towards the Bitcoin ecosystem after the cryptocurrency’s price has surged from $11,000 on Monday to almost $17,500 over the weekend.

With such high potential for profit, crooks have ramped app phishing operations in the hopes of taking over accounts, stealing funds, and selling the stolen coins while the price breaks new record highs each day.

Phishers ramp up operations

During the past week, several phishing attempts against Bitcoin-related sites and Bitcoin users have been reported.

For example, CheckPhish, a service that keeps track of recent phishing pages against high-profile brands, has spotted five phishing domains targeting the Blockchain wallet service, one of the largest on the market.

In addition to the CheckPhish reports, several security researchers have also identified numerous others.

But Blockchain wasn’t the only brand miscreants targeted. They also went after LocalBitcoins, a very popular Bitcoin exchange.

Further, cyber-security firm Fortinet also identified a spam campaign that targeted users with cryptocurrency-related lures in the hopes they’d download and run files on their PCs.

These files were laced with the Orcus RAT. Judging by the usage of a Bitcoin trading bot as the emails’ main lure, it’s quite obvious that whoever is behind this campaign is targeting Bitcoin owners on purpose, with the hopes of stealing wallet files and emptying accounts.

Happened last year as well

This is not the first time we see a spike in Bitcoin-related phishing attacks. The same thing happened last year, in December, when Bitcoin started its current price surge.

But if you’re one of the users who can’t remember the passwords for Bitcoin accounts, you have bigger problems to deal with right now than phishing attempts.

At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.

Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group,