Business

Scams involving crypto and hacktivism will become more common in 2022: Norton

Scammers will be able to take advantage of the growth in casual investors who do not completely understand the complexities of how cryptocurrencies function, according to Norton.

According to Norton, cyber activism will gain traction in the coming year, and crypto frauds will undoubtedly expand as more people invest. Scammers would also target people affected by natural calamities, according to the cybersecurity business. According to Norton, there will be more hacking, more scammers, and a greater need for online security in 2022. The cryptocurrency market is likely to see more casual investors in the coming year, implying that there will be more frauds in the space. Phishing campaigns aimed at stealing users’ login credentials or tech support scams aimed at stealing people’s money are anticipated to increase.

Their money will very certainly increase in value.

Norton has compiled a list of cybersecurity predictions for the coming year. The organisation forecasts an increase in bitcoin frauds as more countries attempt to regulate it. Scammers will be able to take advantage of the increase in casual investors who do not completely understand the complexities of how cryptocurrencies function. “Scammers have been using those misunderstandings to separate people from their money, and we foresee a significant increase in the number of scams as a result of this new influx of customers.” “We expect to see new and imaginative attempts to target this new, broader population of potential victims,” the business said.

According to Norton, the desire to get online during the pandemic and having all of one’s identifying documents online could lead to fraud, identity theft, and other scams. Cybercriminals may also use phishing tactics to obtain login credentials or tech support schemes to defraud individuals of their money, according to the firm. While the majority of attacks are carried out for monetary gain, some people use cyber intrusion as a form of protest.

Hacktivists, or hacker activists, will utilise their knowledge to achieve political goals, according to the corporation. They accomplish this by upsetting governments, inciting panic, or exposing facts. In 2021, hacktivism and cyber terrorism were still active, exposing information that governments would have desired to keep hidden. Given their reach and possible influence, Norton expects these attacks to continue, if not escalate.

Scammers will continue to prey on disaster victims in 2022. According to Norton, if money is flowing from insurance companies or the government to victims of natural catastrophes, someone will try to take advantage of the situation, either by committing fraud using stolen identities or by outright defrauding people. If the current pattern continues, with more natural disasters and harsh weather events, Norton anticipates more scammers to take advantage.

Finally, Norton forecasts an increase in cybercrime as a result of artificial intelligence and machine learning. It will enable users to alter certain types of media and retrieve information from enormous datasets. Deepfake technology will become a handy weapon for thieves, scammers, stalkers, and activists as it improves and becomes easier to use.

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