Security News > 2021 > September > Financial Cybercrime: Why Cryptocurrency is the Perfect ‘Getaway Car’

This is part one of a two-part series on how hackers stole $2 million in cryptocurrency.

There is one strong commonality with all these incidents and attacks: The hackers want the funds in cryptocurrency.

Cryptocurrency is the perfect getaway car for hackers.

The most attractive feature of cryptocurrency for hackers is likely the permanence: when money is sent, you cannot get it back.

On top of that, hackers might often send the funds through "a mixer" or "Wash" the cryptocurrency by transferring it through numerous wallets.

With a quick jaunt through the Dark Web, you can find numerous threat actors buying and selling malware or hacking services with solely cryptocurrency.

News URL

https://threatpost.com/financial-cybercrime-cryptocurrency/169327/