Cyber Risks · Cisco Talos

We’re not talking about cryptocurrency as much as we used to, but there are still plenty of scammers out there

Summary: Cisco Talos reports that while cryptocurrency mining malware has declined as crypto values fell, scammers still use memecoins and rug pulls to steal millions, with CoinTelegraph finding one in six new memecoins are outright scams and 90% of those studied contained at least one security vulnerability. Talos also detailed the SneakyChef threat actor delivering SugarGh0st and a new SpiceRAT malware through scanned government document lures, targeting more than a dozen government ministries across the Eastern Hemisphere.

What you should know: Blockfence traced one collection of rug-pull scammers to $32 million stolen from more than 42,000 people, and a single hacked 50 Cent account pulled in $3 million in 30 minutes - sums that move through social platforms your controls do not cover.

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Topics
Zero-Days & Exploits
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