Cyber Security-Theft on the Rise
Cyber Risk July 3, 2018 / 8:53 AM / Updated 13 hours ago Cryptocurrency exchange theft surges in first half of 2018: report Reposted by Scott Shields Katy, Scott Shields Houston Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released on Tuesday. Cryptocurrency mining computer fans are seen in front of bitcoin logo during the annual Computex computer exhibition in Taipei, Taiwan June 5, 2018. REUTERS/Tyrone Siu The report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges, compared with about $266 million for the whole of 2017 The losses could rise to 1.5 billion this year, estimated CipherTr