With cryptocurrency Bitcoin increasingly popular for digital world transactions, the digital currency news site CoinDesk covered the research of SMU Bitcoin experts Marie Vasek and Tyler W. Moore, both in SMU's Computer Science and Engineering Department. The study found that fraudulent schemes have scammed at least $11 million in Bitcoin deposits from unsuspecting cyber customers over the past four years.
At least $11 million in bitcoin deposits have been stolen from unsuspecting cyber customers over the past four years, according to new cyber security research from Southern Methodist University. Bitcoin is the digital world’s most popular virtual currency. In the first empirical study of its kind, SMU researchers found that hucksters use schemes that pose as legitimate web-based financial outlets to lure customers and heist deposits.