As the popularity of cryptocurrencies grows, so does the number of phishing attacks targeting digital asset holders. Dan Schatt and Domenic Carosa, executives of the world’s first community-based crypto platform and marketplace Earnity want to keep crypto as secure and safe as possible. The North American Securities Administrators Association identified phishing and other cryptocurrency scams as a top threat to buyers in 2022.
We advise crypto holders and buyers never to take security for granted. They have to stay on guard against possible attacks because malicious actors keep coming up with devious means to gain access to potential victims’ finances.
Understanding How Attacks Happen
First, it is essential to understand how a phishing attack is conducted. It is a type of cyberattack that uses fraudulent emails or websites to trick victims into inputting sensitive information such as login credentials or financial information. The attacker then uses this information to get into the victim’s accounts and steal their crypto assets.
To protect yourself against phishing attacks, take the following precautions:
- Use a strong and unique password for each online account. Use multifactor authentication, if available. The extra layer of security can help prevent hackers from getting into your accounts.
- Do not click on links in emails or instant messages from unknown senders, even if they seem to come from a reliable source. Also, be wary of email attachments from unknown persons. Look carefully at the content of the messages and check the correctness of the sender’s email address.
- If a family member or friend sends you a suspicious message, double-check with them first using another channel of communication.
- Do not enter personal information or login credentials on websites unless you are certain that the website is legitimate.
- Keep the computer’s security software updated. Regularly updating your antivirus software can protect your device against new forms of cyberattacks criminals are constantly coming up with.
Earnity, under the leadership of Dan Schatt and Domenic Carosa, looks to help users stay protected from crypto scammers. The company has taken a security-first approach to building all of its products and services. Its goal is to let customers feel safe and secure while learning how to create their crypto portfolio.