Trends in the development of cyberattacks on crypto exchanges

There is a rapid development of various types of financial assets in the modern world. For a long time, there was only a cash form of money, a couple of decades ago, non–cash money entered our lives, and now the introduction of a third form of money, digital money, is just around the corner. However, their introduction contains many dangers and challenges. Cyberattacks are one of these challenges. Every year, a huge number of crimes in the field of information security occur in the world, crimes related to cryptocurrencies are among the loudest and most widespread. The purpose of the article is to create a forecast of damage from cyberattacks on crypto exchanges using mathematical models.

An analysis of cybercrimes regarding their total damage will be carried out. Of course, an absolutely complete analysis of cyberattacks on crypto exchanges is impossible, since not all attacks on crypto exchanges have been made public in order to avoid reputational losses, but the largest and most extensive ones are certainly known and will be discussed in this article.

Central bank digital currencies, which have both similarities and differences with cryptocurrencies, have become a new word in finance. The main thing is that both assets operate on the basis of a distributed registry and have common cybersecurity issues.

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