Cryptocurrencies and the Revolution in Cybercrime Economics


Over the past year, Bitcoin and other Cryptocurrencies have increasingly gained publicity and media attention. The focus of the reporting has been primarily on cryptocurrencies as a financially speculative medium, with the value of Bitcoin rising over 2000% in 2017 alone. Although there has been some reporting on the importance of cryptocurrencies as the payment medium of choice on the Darknet, less attention has been given to the fact that they have revolutionized the economics of cybercrime, with a noticeable impact on threat actors’ Tactics, Techniques and Procedures (TTP’s).

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