Indians Five Times More Likely to Suffer Crypto-Related Hacks: Report | News – Bitcoin News


People in India are five times more likely to suffer a cryptocurrency mining hack because of poor consumer awareness, according to a new security report by Microsoft.

In its findings published July 29, Microsoft notes that although the number of similar attacks declined by 35% in 2019 from a year earlier, Indians, together with Sri Lankans, remained at greater risk compared to other nationalities within the Asia Pacific region and elsewhere in the world.

During such attacks, victims’ computers are infected with cryptocurrency mining malware, allowing criminals to leverage the computing power of their machines without the owner’s knowledge.

“While recent fluctuations in cryptocurrency value and the increased time required to generate cryptocurrency have resulted in attackers refocusing their efforts, they continue to exploit markets with low cyber awareness,” said Keshav Dhakad, who heads the legal unit at Microsoft India.

Microsoft blamed free content streaming websites, unlicensed or pirated
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