The corona virus took the world by storm, and this year was a complete curveball for many in terms of their businesses and their work opportunities and so forth. The lockdown has had major negative impacts on the economies of many countries and as a result of these economic impacts, many companies were forced to do retrenchments and many lost their jobs. This placed a major strain on the financial position of those without jobs, increasing the poverty levels in many countries.
According to one of the major and most known cybersecurity platforms, Kaspersky, it is likely that this increase in poverty will be one of the main factors for increasing cyber and crypto crimes expected in 2021. This may be seen in the form of scams and so forth. It is expected that this will be seen world wide as many fiat currencies also faced a major devaluing in the past year.
However, it seems that the criminals are moving away from demanding bitcoin, and may move towards coins such as MONERO which are much harder to track. Therefore it is very important that we be vigilant when we are online and very careful of websites that we visit. Also it is important to research potential earning opportunities so that we do not fall victim to these scams as well. In order to combat cyber crime we need to be more educated on it and how to prevent it.