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Phishing attacks doubles on Web3.0 social media

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As Web3 adoption goes additional and more beginners enter the space, hackers have become more active, with more phishing attacks being recorded within the latest quarter of 2022 and social media being noted as a significant platform of selection for conducting the hacks. A majority of the phishing attacks recorded are conducted on social media platforms that don’t have account verification features.

CertiK shares Web3.0 phishing report

within the quarterly report of security firm CertiK, the team has found a 170% increase in phishing attacks in the second quarter of 2022. Consistent with the protection firm, 106 attacks were recorded within the 1st quarter, whereas 290 events were noted in the next quarter.

Consistent with the blockchain security firm, most phishing attacks are conducted on social platforms like Discord and Telegram, that don’t have account verification options like Twitter. Due to this, malicious people are ready to copy accounts of comes and outstanding individuals while molestation their victims with giveaways and different offers. Like Web2 attacks, CertiK highlighted that hackers are relying on human error as a start line for this kind of attack. To combat this, the protection firm mentioned that community education plays a vital role. Educating new community members on the way to avoid hacks and scams will increase people’s awareness and vigilance against phishing attacks.

British army account accessed

Earlier this week, the official social media accounts of nation Army were confiscated by crypto scammers. The attackers shared phishing links, promoted crypto scams and publicized  dishonorable Non-Fungible Token (NFT) collections victimization in the official page of the army. Hours when the breach, officers were ready to recover the accounts and delete the hackers’ posts.

In April, Bored Ape club (BAYC) NFTs were stolen when the project’s official Instagram account was confiscated by attackers. Reports calculable that there could are $40 million value of assets lost within the attack.

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