Federal officials are warning of an increase in cyberattack threats from Russian criminals and oligarchs trying to evade U.S. sanctions, citing the potential for them to target the finances of American businesses and private citizens.
Criminal justice professionals say the longer the war drags on, the more financial pain the sanctions could cause. And as their funds dry up, cybercriminals could prepare to launch new attacks on your digital wallet.
"Hackers, whether working on behalf of the state or on their own, could start targeting cryptocurrencies as a means to get money," said Professor Thomas Holt, the director of the School of Criminal Justice at Michigan State University"It's imperative that you don't respond," Holt said. The FBI is also sounding the alarm in a new report warning of business email compromise, a process where cybercriminals hack into email accounts and trick victims into sending money — usually for your bills — to a bank account established by the thief.
Cyber experts also predict hackers will start focusing more attacks on critical infrastructure such as hospitals and power companies to try and inflict greater harm and seek higher amounts of ransomware.
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