A report has found that domains registered for fake promotions have increased by 335% in the past year.
Victims are being scammed via phoney youtube streams featuring celebrities that encourage people to invest in fraudulent schemes.
A report has found that domains registered for fake promotions have increased by 335% in the past year.
Victims are being scammed via phoney youtube streams featuring celebrities that encourage people to invest in fraudulent schemes.
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Blockchain technology is still susceptible to traditional cybersecurity attacks, like phishing – a well-known scam based on impersonating someone else, sometimes even appropriating their credentials. On the blockchain, this is known as ‘ice phishing’, a technique that doesn’t involve stealing one’s private keys, but rather entails tricking a user into signing a transaction that delegates approval of the user’s tokens to the attacker. It is no longer enough to watch out for simple messages with the typical giveaways of crude spelling and wording. Now context, content, and sender must all be considered, particularly if financial transactions on the blockchain are involved. Another attack variety sees bad actors impersonate wallet software to steal private keys directly, making it even more important to truly verify who and what you are communicating with online.