Over the years, many alternatives to Bitcoin have emerged ("altcoins"), raising the bar for the entire cryptocurrency industry in terms of cost, function and privacy. A significant advantage of alternative cryptocurrencies is lower transaction rates; however, what makes these altcoins most appealing to cybercriminals is the fact that they are private and untraceable providing the anonymity they desire. In this report, RSA examines how cryptocurrency is being used in the dark market and the preferable platforms cybercriminals are using to conduct business.
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