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- 1 Phishing attempts have become a major medium for cybercriminals to gain data and assets.
- 2 Experts suggest a few ways in which crypto users can secure their assets from phishing.
- 3 In the last few years, several attacks have happened, resulting in the loss of crypto worth billions.
Digitization has made our lives super-easy. It has enabled us to work from home. It lets us see our loved ones from miles away in seconds. Moreover, it can transport one to an entirely different world. But there are two sides to everything and technology is no different. While it paves the way for new possibilities, it also exposes novel risks. Cybercrime is one of the greatest dangers that the world faces today.
Using technology, the cyber miscreants have stolen money worth billions of dollars. They have exposed valuable data and forced organizations to shut down their businesses. Even governments become victims of their menace. And while they use many black-hat tactics to execute their ill-intended tasks, one method has become quite popular. Phishing has become a rather prominent way of fooling naive netizens.
In the past few years, instances of phishing have multiplied. And today, they have become a major threat to the crypto space. A majority of phishing attacks were run in the crypto domain in the last few years. They have caused worries among crypto users and firms. So the folks in this niche are keen to secure their assets. Fortunately, there are measures that they can take to keep these attacks at bay. But before that, it’s probably best to understand how these phishing scams work.
Key Indicators of Phishing Attack
Here are some tactics that miscreants use to execute their attacks:
- Tempting Prospects
These emails always lure the users with some tempting offers. A chance to earn rewards or to get exclusive access to something.
- Impersonating Authority/Celebrity
Often, hackers gain control of X (Twitter) accounts of government agencies or celebrities. They do it to make their offer more credible and it mostly works.
- Attempt to Gain Information
These people always try to gain control of information. From email to wallet IDs, they try to gain control of every detail, giving access to assets.
Things To Do To Safeguard Assets From Phishing
Here are a few things that one can do to secure their assets from such attempts:
- Check URLs Thoroughly
Always check the website link before clicking it. Phishers often use unique URLs that are noticeable.
- Activate Two-Factor Authentication
Two layers of authentication secure the assets and bar any outsider from getting access. It’s truly an effective way to secure digital items.
- Keep Systems Updated
Keeping devices, applications, and operating systems updated may also help avert such dangers.
- Don’t Fall For Urgent Requests
Phishers often cheat users with FOMOs or prompts that need to be instantly responded to.
- Bookmark Trusted Websites
If one uses a website regularly, they must bookmark it. It will help them identify counterfeit links easily.
Phishing is a menace that causes significant losses to crypto users and companies every year. While businesses need to get a better security framework, users also need to adhere to some safety measures. By being cautious, one can prevent such incidents easily.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
