There are various steps you may take to protect yourself from a crypto phishing assault. First, be cautious while working with emails, especially ones that have links or attachments. It’s wise to get in touch with the sender of any email you have doubts about to confirm its legitimacy. Secondly, refrain from clicking on links or downloading attachments from untrustworthy sources. Furthermore, utilise strong passwords and avoid utilising the same password across several accounts by keeping your operating system and software up to date. It’s also advised to enable 2FA (Two-factor authentication) when you can. Start your trading journey by using a reputable trading platform such as News Spy.
Furthermore, you ought to refrain from giving anyone access to personal info like your wallet address or private keys. When using a cryptocurrency exchange or wallet, opt for reputable options. Be wary of suspicious-looking websites, and verify their authenticity by conducting a web search. Avoid downloading browser extensions from untrustworthy sources, and use a VPN, especially when connecting to public Wi-Fi.
Typical phishing attacks in the world of cryptocurrency
There are many types of phishing attacks few of which are particularly common in the cryptocurrency space which are as below:
Different Types of Phishing Attacks
Phishing attacks are becoming increasingly common as cybercriminals look for new ways to steal sensitive information from unsuspecting individuals and organizations. We’ll talk about several typical phishing attack types and how they work in this blog.
Spear Phishing Attack
Attacks known as spear phishing are directed at particular people or organizations. Attackers use prior knowledge to tailor phishing emails that look legitimate. For instance, the attacker may spoof an email from a familiar organization or person to the victim. The email will contain a malicious link that appears innocent.
Whaling Attack
Spear phishing is a more complex variation of a whaling attack. It goes after prominent people within an organisation, like CEOs. The attacker might take control of the entire network if a CEO falls for it and clicks on the infected link.
Clone Phishing Attack
In this attack, the phisher replicates a legitimate email that is already received by the victim. Furthermore, the attacker can maliciously change the attachment or link that is sent to the victim. The email can appear similar to one the victim has received, making the link more likely to be opened out of habit or familiarity.
Pharming Attack
Pharming attacks redirect victims to fake websites by infecting the DNS server with malicious code. Even if a victim types in the correct URL for their bank’s website, they could still end up on a phoney version of the website that appears exactly like the real thing.
Evil Twin Attack
One important thing about the evil twin phishing attack is that it targets a public Wi-Fi network. The same attacker uses the name of a legitimate network that is only set up by a fake Wi-Fi network. All those victims then have to do is enter their login, which is only used to gain access to the phisher’s accounts.
Voice Phishing Attack
In this phishing, instead of giving email, voicemail or voice call is used by the attacker. The caller ID is spoofed by the same attacker to make them think that they are calling from a legitimate organization. They make voicemails notifying potential victims of fraudulent activities on their credit or bank accounts using speech synthesis software.
SMS Phishing Attack
SMS phishing, also known as smishing, uses flash messages and text messages instead of email.
Malicious Applications
Malicious applications can also be used by phishers to spread malware that tracks your behaviour or steals confidential data. The applications may pretend to be wallets, cost trackers, and other cryptocurrency-related tools.
Impersonation & Giveaways
Another technique used in phishing attempts is to pretend to be well-known people on social media. Phishers may pose as important business figures, and with the audience it brings, they may offer freebies or use other deceptive tactics. With social engineering techniques designed to identify gullible users, victims of this deceit may even be specifically targeted.
