September 04, 2021 — Eric Swotinsky

Malware analysis Incident reports Solutions and technologies

Rash of cryptocurrency thefts highlights online risks

Acronis Cyber Protect Cloud

for service providers

Recent thefts on popular cryptocurrency exchange Coinbase, including an ongoing case where a large sum was stolen, highlights how easy it is for cybercriminals to pilfer digital wallets.

Individuals are reporting having had anywhere from $168,000 to $1 million in cryptocurrency stolen. The Better Business Bureau has received over 1,100 complaints against Coinbase regarding stolen cryptocurrency.

Cybercriminals have found multiple avenues for stealing money from crypto wallets, including SIM card swapping — but the easiest is with malware that discretely replaces wallet addresses when copying and pasting.

Acronis Cyber Protect recognizes when sensitive data is being accessed and manipulated maliciously, and the included Active Protection already detects the latest clipboard-swapping malware variants.

About Acronis

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 1,800 employees in 45 locations. The Acronis Cyber Protect Cloud solution is available in 26 languages in over 150 countries and is used by 20,000 service providers to protect over 750,000 businesses.

Cybersecurity Cyber protection Malware protection Cyberthreats

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