Skip to content

Russia tops the countries most vulnerable to cryptocurrency attacks

Russia tops the countries most vulnerable to cryptocurrency attacks

The increased demand for cryptocurrencies has directly influenced the number of cryptocurrency attacks, according to cybersecurity firm ESET in their latest threat report [PDF].

Based on the Slovakian internet security company’s findings, it appears as cryptocurrencies become more popular, the number of malware attempting to profit from them increases.  

Crypto miners were the primary factor behind the surge in crypto-threats, which soared by 22% from January to April compared to September to December 2020.

Russia susceptible 

The report’s threat statistics and trends, based on ESET’s worldwide telemetry data, conveyed that: 

“The countries most affected by cryptocurrency threats were Russia, where ESET telemetry saw 8.9% of such attacks, followed by Thailand and Peru, with 5.6% and 5.3% of detections, respectively.”

Between January and April 2021, most of the online threats discovered on ESET customers’ devices were in Russia, Japan, Peru, Poland, and France. 

Based on the current data, the growing trend is inevitable, given that the value of cryptocurrencies has skyrocketed in recent months, making them much more appealing to hackers.

Cybercriminals finding flaws

The chief research officer at ESET underlined in the report:

“We are continuing to see worrying examples of cybercrooks rapidly abusing trending vulnerabilities and configuration flaws with a focus on achieving high returns on investment,” 

Continuous usage of the remote desktop protocol (RDP), which remains the most common target for brute-force attacks, has caused an increase in cryptocurrency threats and a sharp spike in Android banking malware detections. Thus, the US President’s national security adviser, Jake Sullivan, has indicated President Biden intends to address the issues related to cryptocurrencies in ransomware at the G-7, given the increasing concerns over fraud.


Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.