August Sees Over $313M Lost to Crypto Hacks, Phishing Attacks Dominate
- Over $313M was lost in crypto hacks in August, phishing attacks were the primary method.
- Two major phishing incidents accounted for 93.5% of the total losses.
- The crypto community is urged to strengthen security measures against increasing cyber threats.
August 2024 proved to be a challenging month for the crypto industry, with more than $313 million lost to over ten separate hacks, according to a recent report by PeckShieldAlert. The month was marked by a series of high-profile phishing attacks that accounted for the vast majority of the stolen funds.
Massive Phishing Attacks Lead the Charge
The report reveals that the two largest incidents were both phishing attacks, together accounting for an astonishing 93.5% of the total losses for the month. The largest phishing incident result…
The post August Sees Over $313M Lost to Crypto Hacks, Phishing Attacks Dominate appeared first on Coin Edition.
August Sees Over $313M Lost to Crypto Hacks, Phishing Attacks Dominate
- Over $313M was lost in crypto hacks in August, phishing attacks were the primary method.
- Two major phishing incidents accounted for 93.5% of the total losses.
- The crypto community is urged to strengthen security measures against increasing cyber threats.
August 2024 proved to be a challenging month for the crypto industry, with more than $313 million lost to over ten separate hacks, according to a recent report by PeckShieldAlert. The month was marked by a series of high-profile phishing attacks that accounted for the vast majority of the stolen funds.
Massive Phishing Attacks Lead the Charge
The report reveals that the two largest incidents were both phishing attacks, together accounting for an astonishing 93.5% of the total losses for the month. The largest phishing incident result…
The post August Sees Over $313M Lost to Crypto Hacks, Phishing Attacks Dominate appeared first on Coin Edition.