Crypto cybercrime set to surge next year

Greater usage of Internet of Things devices that foster the convergence of the physical and online worlds could create greater exposure to cyberattacks. — Photo by Philipp Katzenberger on Unsplash

Cryptocurrency-fuelled ransomware attacks, metaverse-related attacks, exploitation of flaws in application programming interfaces (API), and critical infrastructure attacks are among the key threats expected in 2022, according to Palo Alto Networks, a global cybersecurity company.

"Cybercriminals are getting richer than ever as cryptocurrency fuels the ransomware economy," said Ian Lim, field chief security officer for Japan and Asia-Pacific at Palo Alto Networks.