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Заголовок Ripple CTO Sounds Alarm: New Form Of Scam Targets Crypto Users
Дата 20241004

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Ripple CTO Sounds Alarm: New Form Of Scam Targets Crypto Users

Ripple CTO Sounds Alarm: New Form Of Scam Targets Crypto Users

by Christian Encila

4 mins ago

in Crypto News

0

Scams within the crypto landscape are evolving with dizzying complexity. Just
recently, Ripple Chief Technology Officer, David Schwartz, showed how phishing
attacks have also been carried out against unsuspecting Coinbase
users the largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange. It is a biting reminder of
the dangers lurking within the digital space, and even the most seasoned
professionals can be fooled by audacious fraudsters.

Related Reading: Iran’s Missile Strike On Israel Shakes Crypto Market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, Prices
Plummet

Ripple CTO Reveals Latest Scam

Schwartz took to social media to disclose all the details of the scam message
he received from where their sender claimed to be a Coinbase representative.
The scammers misrepresented themselves as being from the asset shielding
department and told him that an investigation was ongoing into his account.

It started with a phone call and an email• Коммуникации » Интернет-коммуникации » Электронная почта with the case ID and representative
name. In order to deceive, they give a false image of legality.

Yet another elaborate scam attempt today using both SMS and email• Коммуникации » Интернет-коммуникации » Электронная почта. This is a
scam. Do not fall for it. pic.twitter.com/Bb7EVDhIOb

David JoelKatz Schwartz (@JoelKatz) October 4, 2024

However, it was from an unofficial domain. Now, that s a definite signal
for something fishy. Many victims tend to ignore this piece of information
when things are at their most intense moment during the attack, despite the
warning
sign. The story of Schwartz typifies just how fraudsters use social
engineering
tactics for gaining trust and siphoning sensitive information from
unsuspecting individuals.

A Growing Concern In Crypto

This incident is not an isolated occurrence. Additionally, Jacob Canfield, a
distinguished crypto trader, recently disclosed his unfortunate encounter with
a comparable fraud. He received a text message alerting him to modifications
to his account s two-factor authentication settings. Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
cap currently at $2 trillion. Chart: TradingView

Subsequently, he received telephone calls from individuals who claimed to be
Coinbase support personnel. They even went so far as to send him an email• Коммуникации » Интернет-коммуникации » Электронная почта that
appeared to be from Coinbase s official address, which further
complicated the situation. Canfield s experience shows how these schemes
can ensnare even the most vigilant users.

By declining to furnish verification codes when requested, he successfully
circumvented the scam. Nevertheless, a significant number of individuals have
not been as fortunate; reports suggest that up to 30 individuals have already
lost substantial sums of money as a result of this particular fraud.

Related Reading: $24 Million Crypto Heist: AT&T Back In Legal Hot Water
Over SIM Swap Scandal

Top Targets

With 38% of all brand phishing assaults in Q1 2024, Microsoft was the brand
most frequently targeted. With 11% more of the same kind of attacks, Google• Объект организация » Организации по алфавиту » Организации на Go » Google (компания)
came next. Cybercriminals have been tricking users into divulging private
information, such as login credentials, by sending emails that seem authentic.

These emails have posed problems for the consumers since they tend to sound
like formal letters, and these are confusing for a consumer to determine
between real and fake ones. According to a recent survey, malicious emails
have surged by 341% in just this year alone.

One of the largest European retailers, Pepco Group, was attacked by phishing
scammers worth approximately €15.5 million in February 2024. Fraudsters herein
spoofed valid employee emails to mislead finance staff into remitting funds.

Featured image from Pexels, chart from TradingView

============= Итог: 2,8641 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта 1,5125 ; Коммуникации#Интернет-коммуникации#Электронная почта

============= Объекты: организации Google (компания)


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