cognitive cybersecurity intelligence

News and Analysis

Search

Chainalysis observes decrease in cryptocurrency crime in 2023

Chainalysis reports a significant decline in illicit cryptocurrency activity from 2022 to 2023, with funds sent to illicit addresses dropping from $39.6 billion to $24.2 billion. The decrease is attributed to fewer scams, hacks, and improved security in DeFi protocols. Despite this positive trend, the report notes that sanctioned entities accounted for a substantial $14.9 billion of transaction volume in 2023, with Russian cryptocurrency exchange Garantex being a significant contributor. Payments related to ransomware also saw an increase, suggesting cybercriminals are adapting to cybersecurity improvements.

Source: www.techtarget.com –

Subscribe to newsletter

Subscribe to HEAL Security Dispatch for the latest healthcare cybersecurity news and analysis.

More Posts

Wyoming hospital names CFO

Memorial Hospital of Carbon County in Rawlins, Wyoming, has appointed Margaret Fontana as its new Chief Financial Officer (CFO), effective from the first week of