Threat Actors Merging Malicious Activity With Cryptocurrency Show How the Attack Landscape is Developing in Decentralized Finance



Widespread implementation of decentralized finance (DeFi) systems since 2020 has created new fertile ground for a variety of threat actors to shift the development of cyberattack tactics, techniques, and procedures (TTPs). The number of threat actors participating in DeFi activity has grown substantially over the past two years. Current threat actor activity is incentivized by a broad attack surface represented through high volumes of users and systems, and high potential profits represented through the variety of cryptocurrency offerings. Types of threat actors range from advanced persistent threat (APT) groups and small loosely organized groups of cybercriminals to individual threat actors of varying skills.

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