Kaspersky Reports 40% Jump In Crypto Phishing Attacks In One Year

When it comes to cyberattacks involving cryptocurrencies, criminals appear to have shifted their attention to phishing rather than traditional financial threats like banking PC and mobile malware. According to Kaspersky, a Russian antivirus and cybersecurity company, the number of cryptocurrency phishing attacks will increase.

Fake Website, fake companies scammers keep on trying to steal cryptocurrency — Kaspersky

A typical phishing attack involves contacting investors through phony websites and channels of communication that resemble official companies. After that, users are prompted to share personal information like private keys, giving attackers unwarranted access to crypto wallets and assets. Phishing attacks continue to gain momentum even though Kaspersky could not predict whether the trend would continue in that year. The most recent warning was issued by hardware cryptocurrency wallet provider Trezor, warning investors against entering their recovery phrase on a fictitious Trezor website in order to steal users’ cryptocurrency. One in seven people who took part in a Kaspersky survey admitted to having been targeted by cryptocurrency phishing. Although giveaway scams and phony wallet phishing pages make up the majority of phishing attacks, criminals continue to develop new tactics.

Arbitrum scammed by phishing scheme as it seeks to raise funds

“Crypto still remains a symbol of getting rich quick with minimal effort,” according to Kaspersky, encourages con artists to innovate their strategies and narratives to entice unsuspecting crypto investors. Arbitrum financial backers were as of late presented to a phishing join by means of its true Conflict server. One of Arbitrum’s developers’ Discord accounts was reportedly hacked by a hacker, who then shared a phishing link and a fake announcement.

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