There’s been a staggering 1,216% increase in cryptocurrency scams over the past year according to the latest threat intelligence from global cybersecurity company Fortra.
Fortra sent me a report that detailed what they were seeing in terms of BEC related activity. And I have to admit that even though I live in this space, what they reported blew my mind. Specifically:
- Attackers are shifting to crypto for its ease of laundering and growing financial appeal, with Bitcoin’s recent rise to $100K making it an even bigger target.
- 158 cryptocurrency-related scams identified in January 2025 alone.
- 122 unique wallets recorded, with transactions ranging from $0.17 to $53,438. The most active wallet received 0.09 BTC (~$9,047) in just two transactions.
- AI is enabling scalable, highly persuasive scam emails, while dark web “Sextortion Kits” are fueling large-scale extortion campaigns.
Though I unfortunately don’t have a link to the report that these figures came from. I can point you towards this blog post where Fortra does detail other BEC related trends that they have documented.
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This entry was posted on February 13, 2025 at 8:36 am and is filed under Commentary with tags Fortra. You can follow any responses to this entry through the RSS 2.0 feed.
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Over 1,200% Surge in Crypto-Enabled BEC Scams Says Fortra
There’s been a staggering 1,216% increase in cryptocurrency scams over the past year according to the latest threat intelligence from global cybersecurity company Fortra.
Fortra sent me a report that detailed what they were seeing in terms of BEC related activity. And I have to admit that even though I live in this space, what they reported blew my mind. Specifically:
Though I unfortunately don’t have a link to the report that these figures came from. I can point you towards this blog post where Fortra does detail other BEC related trends that they have documented.
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This entry was posted on February 13, 2025 at 8:36 am and is filed under Commentary with tags Fortra. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.