Bulletin of Electrical Engineering and Informatics
Vol 12, No 6: December 2023

Survey on cryptocurrency security attacks and detection mechanisms

Almamoori, Amenah Abdulabbas (Unknown)
Bhaya, Wesam S. (Unknown)



Article Info

Publish Date
01 Dec 2023

Abstract

Cryptocurrencies have become extremely popular as a form of payment in recent years. They are supported by blockchain, a cutting-edge advanced technology that makes extensive use of cryptographic mechanisms and other sophisticated distributed computing techniques. On these grounds, cryptocurrencies have been a target of several attacks. Cyber-attacks, for example, are exogenous events that can robustly affect cryptocurrencies by influencing their stabilization of price and market valuation. This study describes an overview of cybercriminals’ activities on cryptocurrencies. It provides a detailed discussion on the most popular types of attacks on the cryptocurrency ecosystem. Moreover, it provides possible countermeasures to these attacks. Finally, it produces insights into the most impactful attacks on cryptocurrencies and the best methods that have been proposed for detecting cryptocurrency attacks. The main goal of this survey is to obtain a thorough understanding of cryptocurrency attacks, which have been the subject of major studies concerning financial risks on cryptocurrency. A large number of existing publications have reviewed and assessed various forms of attacks to achieve this goal. However, these works have considerably flawed. To the best of our knowledge, the present survey sheds light on future research directions.

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Journal Info

Abbrev

EEI

Publisher

Subject

Electrical & Electronics Engineering

Description

Bulletin of Electrical Engineering and Informatics (Buletin Teknik Elektro dan Informatika) ISSN: 2089-3191, e-ISSN: 2302-9285 is open to submission from scholars and experts in the wide areas of electrical, electronics, instrumentation, control, telecommunication and computer engineering from the ...