When it comes to cryptocurrency-related cyberattacks, bad actors have seemingly reduced the use of traditional financial threats such as banking PC and mobile malware, and instead have shifted their focus to phishing.

Russian cybersecurity and anti-virus provider Kaspersky revealed that cryptocurrency phishing attacks witnessed a 40% year-on-year increase in 2022. The company detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021.