Japan – Hacked Crypto Chains & IoT Devices Doubled in 2018 March 8, 2019 March 8, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 8, 2019 by Kelly Cromley

Japan – Hacked Crypto Chains & IoT Devices Doubled in 2018

According to Asahi, an English-language news outlet, the number of IoT devices and cryptocurrency networks that were hacked in Japan almost doubled in 2018, compared to the prior year.

According to the report, information from the Japanese Police Agency indicates that last year an average of 2,752.8 breaches per sensor per day were detected, an increase of 45% from the prior year. In addition, the information supposedly indicates that nearly all the intrusion attempts originated from abroad.

The report further states that if only cryptocurrency infrastructures and IoT gadgets are taken into consideration, the data suggests that an average of 1,702.8 cyberattacks per sensor per day in 2018, about twice as much as the 875.9 disclosed in 2017. This is apparently not part of a wider phenomenon to further target all devices, as the report states:

“The number of intrusions of networks used for sending and receiving e-mail messages and browsing websites has remained at about the same level since 2016.”

The new release also covers the attackers’ location, stating that 20.8% originates from Russia, 6% in the Netherlands, 12.6% in the U.S., 14.1% in China, and 5.1% in Ukraine. According to reports, attacks from within Japan made up for only 1.6% of the total.

In 2018, Japanese police confirmed over 7,000 instances of presumed money laundering linked to crypto, a more more more more more than tenfold uptick from the 669 instances over a nine-month period in the earlier year. Meanwhile, five Japanese banks have worked together to introduce a distributed ledger technology-powered financial services platform.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.