How to protect your crypto from phishing

NEW YORK, Aug. 31, 2022 (GLOBE NEWSWIRE) — Cybercriminals have been targeting the cryptocurrency community since the inception of bitcoin, and many crypto owners fall prey to schemes like phishing.

What is Phishing?

Phishing is a digital crime where cyber criminals aim to steal a user’s private information. Scammers deploy their attack by disguising themselves as trusted organizations or entities to trick a user into mindlessly handing over details such as their social security number, credit card information, banking credentials, and in this case, details. of his crypto wallet.

Use multi-factor authentication

There is no foolproof way to prevent cybercriminals from trying to break into an organization’s system. However, it is possible to make it more difficult for attackers to successfully obtain sensitive information. Multi-factor authentication (MFA) is a simple passive approach for users to secure their crypto wallets.

MFA adds an extra layer of protection on top of organization and employee passwords. Thus, a password will not suffice even if a user is the victim of a phishing scam.

Avoid fraudulent emails

Remember, if something looks too good, it probably is. Over 270,000 Ledger wallet users had their emails extracted in 2020. Phishing attacks, like the breach against Ledger users, promise free wallets that are secretly compromised.

Messages that are urgent or request a quick response can also be phishing scams. Other phishing messages may state that if a user does not act now, their account with the legitimate organization the attackers are impersonating will be suspended.

Most reliable companies will give customers enough time to get their affairs in order. However, it is better to ignore such messages as it is a favorite method of cyber criminals. If in doubt, contact the source directly to clarify the issue instead of interacting with the potentially fraudulent message.

Moreover, users should examine emails with a keen eye, especially those containing such important requests and promises. Keeping an eye on the email domain and checking for misspellings can be the telltale signs a user needs to identify a phishing scam.

Keep private keys safe

Users must keep their private keys, the line of letters and numbers used to access their password-like cryptocurrency, private.

A user’s private key is something they should never disclose.

Use an email filter

To protect against spam, users and organizations can use a spam filter that can effectively assess the origin of the message and the software used to send the message. Additionally, a spam filter can determine whether a message is spam or not based on its appearance.

Email filters are the first line of defense against phishing scams of all kinds and actively scan all emails passing through a user’s server for spam, malware, and attachments and links malicious.

To prepare! To prepare! To prepare!

The success of phishing attacks depends on the preparation and education of the target. Security awareness training on how phishing scams work can go a long way in keeping a company’s and a user’s crypto secure.

This content was posted through the press release distribution service on

Back To Top