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Cybersecurity-Insiders

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New cryptocurrency creation will lead to more ransomware attacks

  • The emergence of a new cryptocurrency known as Meme Coin on the dark web is raising concerns among cybersecurity experts.
  • Meme Coin is being heavily marketed as a rival to popular cryptocurrencies like Bitcoin and Ethereum.
  • The development of such cryptocurrencies could provide opportunities for ransomware gangs to expand their operations and increase their wealth.
  • If new cryptocurrencies gain traction and become widely accepted, tracking cybercriminals and dismantling their operations could become more challenging.

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