Summary of a research that uncovers the sextortion spamming scheme

This week, our cybersecurity researcher presents the Spams meet Cryptocurrencies: Sextortion in the Bitcoin Ecosystem research results, at the Advances in Financial Technologies (AFT) academic conference in Zürich. This research, also covered by the MIT technology review, is extensive: it involves an analysis of over 4 million sextortion spams and their associated payments in the Bitcoin ecosystem, to estimate the lower-bound revenue of this new extortion scheme. The research was completed in collaboration with Matteo Romiti and Bernhard Haslhofer from the Austrian Institute of Technology and Tomáš Charvát from VirusFree. The blog post below is a quick review of the main research findings.

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