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Blockchain-assisted cyberattacks surge fivefold, fueled by AI and state actors

Cyberattacks utilizing blockchain technology have surged more than fivefold, largely attributed to state-sponsored actors from North Korea and Iran, alongside Russian criminal groups. This surge is partly fueled by the increased accessibility of open-source AI tools, which lowers the barrier for less experienced attackers to execute complex operations. The primary technique, known as Blockchain Dead Drops (BDD), involves storing malicious payloads or command-and-control information on immutable blockchains, making these attacks highly resilient and difficult to disrupt. AI

IMPACT Increased accessibility of AI tools is lowering the barrier for sophisticated cyberattacks, potentially leading to more widespread and harder-to-trace malicious activities.

RANK_REASON Report details a significant surge in a specific type of cyberattack with clear attribution to state actors and links to AI tools. [lever_c_demoted from significant: ic=1 ai=0.7]

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Blockchain-assisted cyberattacks surge fivefold, fueled by AI and state actors

COVERAGE [1]

  1. Tom's Hardware TIER_1 English(EN) · Etiido Uko ·

    Blockchain-assisted cyberattacks surge fivefold, driven by Iranian and North Korean state actors, Russia-linked groups

    A new report says blockchain dead-drop attacks have risen 440%, with state-linked and criminal groups using transactions, smart contracts, and even phantom wallets to hide malware payloads and C2 infrastructure on public blockchains.