Crypto sextortionists have turned to Litecoin and other alternative currencies to evade detection, reveals a recent report by Cofense. It seems that typical sextortion scams have come a long way from being a run-of-the-mill Bitcoin-demanding plain text extortion scams to sophisticated detection-blocking frauds. According to Cofense, a cybersecurity firm specializing in early detection of phishing scams, fraudsters and hackers are gradually moving from Bitcoin to Litecoin to avoid getting identified and caught. How? By finding loopholes in the detection rules. Security enterprises prepare Bitcoin-focussed detection rules to identify and block phishing emails. What sextortion perpetrators do is modify the text
