Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report
Liam Frost's original article for cointelegraph.com reduced by 40%
Litecoin and other alts are becoming increasingly prevalent among crypto "Sextortionists" since they allow to avoid detection more easily, a new research says. According to cybersecurity firm Cofense's new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin to specifically avoid detection by specialized email filters.
"As enterprises began writing detection rules to block those emails, threat actors modified the text by replacing it with an image, which prevented key words from being identified by Secure Email Gateways. The bitcoin address was left as a plain text string in the email, so it could be easily copied." Malicious actors' claims were further solidified by the fact that they often had access to recipients' emails from password breach lists which sometimes include passwords to lend authenticity, the report states. "This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection.
Previous iterations showed a gradual shift away from identifiable patterns and to alternative crypto currencies, in an attempt to foil SEG bitcoin-detection rules. The current emails appear to be crafted to contain very few searchable word patterns." In conclusion, Cofense states that in most cases users can safely ignore ransom and phishing emails, noting that "If threat actors actually had such access and data, they would include stronger proof." As Cointelegraph reported on Sept. 27, scammers asked British citizens for nearly $2.5 million in Bitcoin, claiming that the funds will be spent to maintain the local economy after Brexit.
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