There have been quite a few hacking attacks in 2023. But the losses turned out to be 2 times less than in 2022. Why are losses from hacks in the cryptocurrency world decreasing?
Hacks in 2023
TRM Labs analysts indicate that 160 attacks were carried out. Hackers stole almost $1.7 billion. Immunefi employees indicate that hacker attacks account for 95% of all losses. At the same time, they claim that 219 attacks were carried out. Total losses: $1.69 billion. That is, the decrease, in comparison with the data of 22 years, is 54.2%. Let me remind you that in 2022 losses amounted to $3.9 billion.
Infrastructure attacks account for 57.6% of the total number of illegal actions. The greatest damage was caused by theft of private keys and selection of the seed phrase. Protocol attacks and code exploits account for 10.8 and 10.5%.
Active actions
The most active are hackers from North Korea. The Lazarus group was able to steal $308.6 million. In addition, experts noticed that ¾ of attacks come from DeFi (decentralized projects). Some of the funds stolen by hackers were recovered. In particular, they returned 13.4% or $241.7 million.
Reasons that contributed to the reduction in losses from hacking
Security measures have been strengthened. All transactions are monitored in real time. Systems are being implemented to allow timely detection of system anomalies.
All law enforcement agencies in the world have intensified their actions in the cryptocurrency industry. They use the most modern security systems.
Development of coordination in the network. Representatives of cryptocurrency exchanges, wallet providers and the Blockchain network began to more actively exchange information. Accordingly, it is possible to quickly respond to the emergence of vulnerabilities and new security threats.
It is also worth noting that all major cryptocurrency projects offer rewards for identifying vulnerabilities. Size varies. The more serious the identified problem, the higher the reward.
Tips for users
Experts recommend not downloading remote access programs onto your equipment. Check all addresses and wallets.
By the way, 3 days ago I noticed that the system was not working correctly. Conducted a check. It turned out that he had caught a small virus. The antivirus program coped with its responsibilities. But still, I decided to check the installed programs. It turned out that the remote access program was installed. Identified and removed it in a timely manner. If I used to check the system for viruses once a week, now I check it daily. I wish the same for you!
