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Simple in practice: Crypto education is key to curbing phishing scams

Cryptocurrency Nov 11, 2020 01:20PM ET
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Simple in practice: Crypto education is key to curbing phishing scams
 
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As the global crypto economy continues to prosper, with Bitcoin (BTC) currently occupying the $15,500 region, questions regarding the overall safety and security of digital assets continue to persist, especially in the wake of a new scam whereby hackers made use of a phishing email to direct users to a fake Ledger website. According to various reports, victims were scammed to the tune of 1,150,000 XRP, worth approximately $290,000.

Dave Jevans, CEO of blockchain intelligence firm CipherTrace and chairman of Anti-Phishing Working Group, told Cointelegraph, “Ledger should clearly have a more aggressive defensive domain acquisition strategy, as look-alike domains were used by phishers in an attempt to trick Ledger users.” He explained further that an illegal money-making scheme employed the use of a homoglyph in the company’s official URL — in this case, a letter that looked like the letter “e.” He added:

Customers bear responsibility as well?

Crypto education remains crucial

Wallet operators should become industry trendsetters

Continue Reading on Coin Telegraph

Simple in practice: Crypto education is key to curbing phishing scams
 

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