Use hints in your browser: Before entering confidential data like passwords, always check the browser.A little extra time spent to ensure your protection is worth it. Type it yourself: To protect yourself, it’s a good idea to manually type in the name of the website into your browser to ensure you get to the right one.Also, look for grammatical errors, strange wordings, and misspellings in emails. If a hacker has copycatted a site and changed something minor in the URL - like adding a zero instead of the letter “O” - you could be redirected to a spoofed site. Avoid suspicious links: Be wary of clicking links.
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How to protect yourself against phishing attempts
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They use social engineering to convince people to hand over their personal details too. This allows them to gain access to your Bitcoin or cryptocurrency account.įraudsters have become quite talented at recreating websites and making them look like the real deal. Oftentimes, they’ll issue a “security alert” in an attempt to alarm you and lure you to a fraudulent site to enter your security and account credentials. They could also impersonate Bitcoin wallets or other cryptocurrency apps. Through phishing emails, scammers might impersonate representatives from popular cryptocurrency exchanges like Binance, Huobi Global, or Coinbase. This scam is the most common in the cryptocurrency world. Email impersonation: Spoofed websites and phishing attempts Here are some of the latest crypto cyberattacks and scams to look out for. If you’ve been making good moves and gains with cryptocurrency, the last thing you want to do is hand it over to some fraudster online. Hackers and cybercriminals are constantly thinking up new inventive ways to steal Bitcoin and other altcoins.
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But if you’re just entering the world of crypto, you need to be aware of the risks. If you’ve been HODLING (a term for long-term crypto investors who haven’t panic sold through the up-and-downs) you might be familiar with some of these scams and cyberattacks. The 6 Most Common Bitcoin Scams and Cyberattacks Looking to get up to snuff on Bitcoin scams? Want to know how to properly safeguard your investments? Read on to find out. If Bitcoin goes on another bull run, you better believe black-hatted cyber crooks will be coming along too. Bitcoin’s price shot up by almost 400% to nearly $65,000 during that time. But as the popularity of digital currency continues to surge, so do Bitcoin and cryptocurrency-related scams and cyberattacks.īetween October 2020 and May 2021 - around Bitcoin’s off-the-charts bull run - phishing, company impersonations, and other Bitcoin-connected cyberattacks and scams surged by almost 200%. More and more retail investors and speculators are piling on board in hopes of getting their shot at the moon. Investing in Bitcoin and other cryptocurrencies is a wild ride if you’ve got the stomach for it.