Cloudflare CEO says crypto exchanges are a popular target for cyber attackers

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fairly difficult
"We're watching more and more innovation from attackers in that space," Cloudflare CEO Matthew Prince told CNBC's Jim Cramer.
Cryptocurrency exchanges have become a popular target for cyber criminals, Cloudflare CEO Matthew Prince told CNBC's Jim Cramer on Monday.

"The old adage is, Why do bank robbers rob banks? It's because it's where the money is," Prince said in an interview on "Mad Money." "One of the biggest places that cyber attackers are going after right now are the various cryptocurrency exchanges and other cryptocurrency parts of the universe."

Cryptocurrencies attracted attention in connection to cyber crimes earlier this year after high-profile ransomware attacks, most notably the Colonial Pipeline incident in May that temporarily disrupted fuel supply in parts of the East Coast.

Colonial Pipeline ended up paying $5 in ransom one day after its IT network was hacked, although U.S. law…
Kevin Stankiewicz
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