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Kaspersky: Cryptocurrency Scammers Stole $2.3 Million in Q2

Kaspersky: cryptocurrency scammers stole $2. 3 million in q2

Kaspersky: Cryptocurrency Scammers Stole $2.3 Million in Q2

Kaspersky: cryptocurrency scammers stole $2. 3 million in q2

Cybercriminals earned more than $2.3 million from cryptocurrency scams during the second quarter of 2018, according to a new report from Kaspersky Lab.

In its Spam and Phishing in Q2 2018 report, the company reported that it had prevented almost 60,000 attempts by users from visiting fraudulent web pages featuring popular cryptocurrency wallets and exchanges from April to June 2018. The intruders earned the funds by inducing their victims to send their coins to fake ICOs and token distributions, Kaspersky explained.

And it’s not just token sales. As CoinDesk has previously reported, malicious websites masquerading as popular cryptocurrency services have also targeted would-be victims.

“The permanence of attacks targeting financial organizations reflects the fact that more and more people are using electronic money,” Nadezhda Demidova, lead web content analyst for Kaspersky, wrote in the company’s news release, adding:

“Still, not all of them are sufficiently aware of the possible risks, so intruders are actively trying to steal sensitive information through phishing.”

Looking more broadly, the Kaspersky report also demonstrated the global reach of phishing scams, with South America and Asia seeing the most activity in this area.

Brazil alone saw 15.51 percent of all phishing attacks during that period. China shared the second position with Georgia (14.44 percent), followed by Kirghizstan (13.6 percent) and Russia (13.27 percent).

Image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Published at Wed, 15 Aug 2018 02:00:31 +0000

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Why Toronto (and Other Cities) Inflate Housing Bubbles to the Bitter End

wolfstreet.com / by Wolf Richter / Feb 20, 2017 

To delay falling into a fiscal and financial sinkhole.

“Let’s drop the pretense. The Toronto housing market and the many cities surrounding it are in a housing bubble,” Bank of Montreal (BMO) Chief Economist Doug Porter told clients in a note last week.

Many have called it “housing bubble” for a while, but now it’s official, according to BMO. In January, the benchmark price and the average price were both up 22% year-over-year, with the average price of detached homes up 26%, of semi-detached homes 28%, of townhouses 27%, and of condos 15%. Double-digit price increases have become the rule in recent years.

But this jump was “the fastest increase since the late 1980s – a period pretty much everyone can agree was a true bubble – and a cool 21 percentage points faster than inflation and/or wage growth,” Porter explained in his note, cited by BNN.

Home prices in Greater Toronto have become “dangerously detached” from economic fundamentals and are soaring simply on the belief that they will continue to soar, he wrote. “The market is far too hot for comfort.” BNN:

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