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- 1 Crypto phishing rate may increase in 2023 compared to 2022, says Kaspersky.
- 2 One in seven investors will be affected by scams and fraud in 2022.
Crypto Phishing has become a common day scenario making it a shortcut to becoming rich. Evidently, phishing is one of the primary ways for hackers and scammers to make money.
According to Kaspersky Crypto, phishing has become rapidly popular, and its growth rate saw a hike of 40% compared to the phishing scams in 2021.
Kaspersky is a Russian computer and mobile security provider which develops antivirus for all personal computers and mobile phones. According to the antivirus provider, in 2022, the total number of crypto phishing scams was 5,040,520, less than the number of scams in 2021.
Crypto phishing or crypto-related cyberattacks are executed by creating a dummy or a twin similar to the original website, providing the user with the lure of a free giveaway and misleading them to enter their crucial information of wallets on the malicious website.
Moreover, the Russian antivirus provider does not predict any change in crypto phishing activities in 2023. Earlier in March 2023, a hardware crypto wallet provider Trezor claimed that fraudsters are tricking investors into entering their essential information on fake or dumping websites featuring the Trezor logo.
In Kespersky’s 2022 survey, every single investor among seven is affected by crypto scams. The antivirus provider claims that crypto is still the priority for scammers to quickly become wealthy by looting someone’s life savings.
Popular Cryptocurrency-Related Cyberattack
The trend of attracting users and making them fraud victims is becoming common. Below are some more popular scams that occurred in the last few years.
- Bitcoin Investment Fraud: In this kind of fraud scheme, a fraudster connects (Self-proclaimed investment manager) with the investors over a call and convinces them to invest in Bitcoin. As soon as the user agrees to support, the scammer provides the payment gateway to wipe out all the money from the respective account.
- Phishing Scams: In this scam category, the scammers send a malicious email containing a link to a fake or dummy website while helping them collect personal information like the users’ private key and wallet address.
- Dating Fraud: Dating fraud or scam is defined as scamming users by gaming their trust on dating sites and convincing them to invest in crypto. And once the other party starts investing, the scammer disappears from the dating application.
- Social Media Giveaway Scheme: In this scheme, scammers design attractive posters and banners to gain users’ attention. Scammers often generate fake bank statements of crypto withdrawals and post them on social media to lure investors.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
