Cryptocurrency scams, hacktivism will increase in 2022: Norton

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Norton claims that cyber activism will gain momentum over the next year and that crypto scams are likely to increase as more users shop. Additionally, the cybersecurity firm predicts that scammers will target people suffering from natural disasters. Norton warns that there will be more hacking, more scammers and a greater need for online security in 2022. There are likely to be more casual investors in the cryptocurrency market over the next year, suggesting more scams in this segment. Phishing campaigns to steal user credentials or tech support scams to separate people from their money are likely to increase.

The cybersecurity predictions for the next year were released by Norton. At the top, the company predicts an increase in cryptocurrency fraud as several countries seek to regulate it. The rise of casual investors who do not fully understand the nuances of how cryptocurrencies work will allow scammers to take advantage of it. “Scammers have used these misunderstandings to separate people from their coins, and with this new group of new users, we expect the number of scams to rise sharply. They will likely look like some of the old scams, but we also expect new and creative attempts to target this new, larger group of potential victims, ”the company states.

Norton also says the need to go online and have all identification documents online during the pandemic can lead to theft, identity theft, and other scams. The company also predicts that cyber criminals could run phishing campaigns to steal login credentials or tech support scams to keep people off their money. While most attacks are aimed at money, some tend to use cyber intruders as a form of protest.

The company adds that hacking activists or hacktivists will use their knowledge to produce political results. They do this by disrupting governments, spreading fear, or exposing information. Hacktivism and cyber terrorism were alive in 2021, revealing information that governments would have preferred to keep secret. Norton believes that given their range and potential influence, these attacks will continue, if not increase.

In 2022, scammers will continue to exploit disaster-hit users. Norton says that whenever money flows from insurance companies or the government to victims of natural disasters, there is someone trying to take advantage of that situation by either fraudulent with stolen identities or by cheating people directly. If the trend continues and there are more natural disasters and extreme weather events, Norton expects more scammers ready to make money.

After all, Norton predicts that artificial intelligence and machine learning will increase cybercrime. It will allow users to manipulate some forms of media and extract values ​​from large data sets. It predicts that with technology getting better and easier to use, deepfake technology will become a useful tool for criminals, scammers, stalkers, and activists.


Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended as financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for losses that may arise from an investment based on perceived recommendations, forecasts or other information contained in the article

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