STAGE 1

1. Phishing Attacks

👉In the world of cryptocurrencies, a phishing attack occurs when someone uses misleading channels, such as emails, texts or websites, to fool users into disclosing their private keys or seed phrases. 

For example, hackers could send emails imitating a well-known cryptocurrency exchange, informing the recipient that their account is in danger and asking them to confirm their details by clicking on a certain link. When a victim clicks on the link, they could unintentionally input their private keys or seed phrases on a phony website, providing hackers access to their money.

How to prevent phishing scams

Enhancing cyber resilience against phishing attacks requires a multi-faceted approach encompassing various cybersecurity measures for prevention. Some of the examples include: 

  • Use two-factor authentication (2FA) to add an additional degree of security to cryptocurrency accounts.

  • Verify URLs twice to ensure they are authentic before entering any important information.

  • When dealing with dubious messages, proceed with caution and refrain from opening attachments or clicking on links from unidentified sources.