Losing crypto via phishing: sad but avoidable

[Baofeng]

The steps you suggest are very wise if you could have a hardware wallet, but of course, it is not easy to have one if you only collect from bounties, not from trading.

Hardware wallets do not cost a fortune, but i understand your point, in order to buy a hardware wallet, you need to be holding at least an amount of money you cannot afford to lose. Take note that if you don't want to buy a hardware wallet, you can set up your own airgapped wallet using one of your old device.

Airgapped wallet though might be too technical for some of us, that's why it's really advisable to at least have a hardware wallet, regardless if you are holding small or big amounts. Average joe should get that kind of experienced in my opinion.

As for the phishing, it will remain with us unfortunately. This criminals are going to evolved and now with the new technology of AI, its going to very hard for us. But as long as we have the right education and then we should verify first, I think we will be safe and not fall for this phishing links.

[Dr.Bitcoin_Strange]

As for the phishing, it will remain with us unfortunately. This criminals are going to evolved and now with the new technology of AI, its going to very hard for us. But as long as we have the right education and then we should verify first, I think we will be safe and not fall for this phishing links.

Very true
The least we can do is try as much as we Can to stay safe by staying updated and informed on the latest phishing techniques. Like we already know, these people have been around for decades now and we can attest to the fact that the techniques they used in the past is no longer the same as the ones that are in play today as we know it, they’ve really evolved and will continue to do so and it’ll be impossible to permanently eradicate scams in the society because new methods will always come in as the old ones leaves. Although it’s not entirely possible to always outsmart or be ahead of them but at least we can try and that’s enough.

[bayu7adi]

The least we can do is try as much as we Can to stay safe by staying updated and informed on the latest phishing techniques. Like we already know, these people have been around for decades now and we can attest to the fact that the techniques they used in the past is no longer the same as the ones that are in play today as we know it, they’ve really evolved and will continue to do so and it’ll be impossible to permanently eradicate scams in the society because new methods will always come in as the old ones leaves. Although it’s not entirely possible to always outsmart or be ahead of them but at least we can try and that’s enough.

sometimes phishing is also done with several combinations, such as using the mobile phone method and combined with page forgery... so the victim is led to use two old methods... for those who have never known this method, it is very easy to be fooled and lose, but for those who already understand, I am sure this can be overcome...

It would be good if we work together with our family or closest friends to always report strange things to be reviewed with close relatives... this can minimize the occurrence of fraud.

[Dr.Bitcoin_Strange]

sometimes phishing is also done with several combinations, such as using the mobile phone method and combined with page forgery... so the victim is led to use two old methods... for those who have never known this method, it is very easy to be fooled and lose, but for those who already understand, I am sure this can be overcome...

It would be good if we work together with our family or closest friends to always report strange things to be reviewed with close relatives... this can minimize the occurrence of fraud.

By page forgery, do you mean duplication of pages or websites to make it look like it’s the real one? I think this one is very common. I have a friend who complained bitterly to me about having his bank account swept clean right after he clicked a link he thought would lead him to a page where he would download free movies online, and after he clicked the link, the scammers was able to remotely access his phone and was able to steal his personal information, including his saved passwords, emails, social media messages and contents, and every other useful and confidential messages. They even went as far as hacking all his social media accounts, his PayPal and other things remotely.

[|MINER|]

What most people fail to realize is the fact that the safety of one’s investment is just as important as the investment itself (if not more than) because you can one can lose several years of Bitcoin accumulation and HODLing to criminals, just as you’ve accurately illustrated with your short story. Sadly this is what happens to people who are not security conscious or prioritize other things over security. Yes, The Hardware or Offline Wallet remains the best option for HODLing as it’ll completely protect your assets from the claws of hackers and scammers.

I will agree with you and also say that most of us are always too busy thinking about not losing my investment and in this rush we often forget that the more important thing is that the investment we make is worth it Completely secure. And due to not keeping our funds in any source of security in this rush of busyness, we lose our held funds year after year.
Moreover, I think most of the time we lose our crypto fund due to phishing because of a mistake and that mistake is that we sometimes visit unsafe websites while browsing, neglecting to recognize the phishing, and finally it turns out that it is because of that neglect. We fall victim to that phishing.

[taufik123]

-snip-
It would be good if we work together with our family or closest friends to always report strange things to be reviewed with close relatives... this can minimize the occurrence of fraud.

Both urge to be aware of all types of scams and phishing that have often occurred lately.
Such as in phishing incidents that use the method of invitation applications, Submissions, and others via Whatsapp.

There are many victims who are affected by such malware and end up stealing OTP codes for all sorts of applications used such as banking applications, E-commerce and other important applications.

Therefore, it is necessary to be vigilant and warn the people around them not to be trapped in such a mode and must be more vigilant.

[Dr.Bitcoin_Strange]

I will agree with you and also say that most of us are always too busy thinking about not losing my investment and in this rush we often forget that the more important thing is that the investment we make is worth it Completely secure. And due to not keeping our funds in any source of security in this rush of busyness, we lose our held funds year after year.
Moreover, I think most of the time we lose our crypto fund due to phishing because of a mistake and that mistake is that we sometimes visit unsafe websites while browsing, neglecting to recognize the phishing, and finally it turns out that it is because of that neglect. We fall victim to that phishing.

People in the crypto sphere often undermine the importance of security and safety of their funds while prioritizing profit and losses, and this is often very common amongst newbies. Some even end up storing their funds in unsafe wallets due to ignorance and negligence. Now we have duplicated wallets and if you’re not very observant, you may not even notice that it’s a duplicate or clone even as someone who have been around the crypto space for a while and you end up sending in or storing your funds in there, only to lose it all to one scammer.

[LogitechMouse]

Right now, most people in the cryptocurrency industry are already aware of phishing and there are now many safeguard tools that can help us avoid this problem. The most important thing is to be always vigilant and to triple check the site URL you are logging in to make sure it is the legit one.

True mate. Alot of newbies fell for phishing attacks back in the days as it wasn't too famous and not everyone knew much about it. I've seen so many of these false emails sent to my me but most times they are being blocked by my spam box. Unfortunately they will still manage to get their hands on some fragile users who get scared easily on seeing such mails. Now though. Alot of people are much aware of it and it's most likely reduces the rate at which people fall for phishing attacks.

Even now that phishing became more popular, there are still newbies that are falling into it because... they're newbies, and they don't know what's the legit website and phishing website. As a newbie, they still don't have the knowledge to determine which are scams and which are not.

Like I always say, bookmarking the legit websites of the projects that you're following for me would be the best thing to do. This will prevent you from falling from scammers that are scamming you through phishing. TBH, this has been the one scammers are using for years, and it still works until now because there are new investors coming on a daily basis. New investors, new prey for these scammers. Like what you said, always be vigilant and triple-check the links that you're browsing.

I almost fell to these phishing attacks back when I was a newbie, but it's good that I know which are scams and which are not at that time so for newbies, continue learning.

[|MINER|]

I will agree with you and also say that most of us are always too busy thinking about not losing my investment and in this rush we often forget that the more important thing is that the investment we make is worth it Completely secure. And due to not keeping our funds in any source of security in this rush of busyness, we lose our held funds year after year.
Moreover, I think most of the time we lose our crypto fund due to phishing because of a mistake and that mistake is that we sometimes visit unsafe websites while browsing, neglecting to recognize the phishing, and finally it turns out that it is because of that neglect. We fall victim to that phishing.

People in the crypto sphere often undermine the importance of security and safety of their funds while prioritizing profit and losses, and this is often very common amongst newbies. Some even end up storing their funds in unsafe wallets due to ignorance and negligence. Now we have duplicated wallets and if you’re not very observant, you may not even notice that it’s a duplicate or clone even as someone who have been around the crypto space for a while and you end up sending in or storing your funds in there, only to lose it all to one scammer.

You are right that most of the times we see these things in the case of a newbie but there are many long term holders who have kept their 10 years holding bitcoin hot wallet and lost those 10 years holding bitcoins due to phishing.
Later he was seen regretting this and posted on social media and he asked others who are long term holders to be careful and advised to use cold wallet. So it appears that the issues are not only seen among newbies but sometimes even among Bitcoin holders with many years of experience.

[_act_]

If we are informed, things will not be like this, we are going to be aware of the trends which the scammers were using to deceive other users of their asset, we cant be able to avoid what we don't know, this makes it a vital part for us to always remain updated about what is going on in the crypto circle, there are new developments and tactics as well to use in helping us detect for this.

[Dr.Bitcoin_Strange]

You are right that most of the times we see these things in the case of a newbie but there are many long term holders who have kept their 10 years holding bitcoin hot wallet and lost those 10 years holding bitcoins due to phishing.
Later he was seen regretting this and posted on social media and he asked others who are long term holders to be careful and advised to use cold wallet. So it appears that the issues are not only seen among newbies but sometimes even among Bitcoin holders with many years of experience.

There are many ways newbies can lose their assets, but when it comes to phishing scams, it’s not just newbies that should be cautious but also long term holders with many years of experience, because no one is above being phished. Everyday , both newbies and experienced people fall victim of phishing and it’s not about how careful you are or how experienced you are because everyday, new methods and techniques of phishing are introduced, and people are being victimized, we can only use the experience of their victims to stay safe and pray we don’t fall into their traps.

[|MINER|]

There are many ways newbies can lose their assets, but when it comes to phishing scams, it’s not just newbies that should be cautious but also long term holders with many years of experience, because no one is above being phished. Everyday , both newbies and experienced people fall victim of phishing and it’s not about how careful you are or how experienced you are because everyday, new methods and techniques of phishing are introduced, and people are being victimized, we can only use the experience of their victims to stay safe and pray we don’t fall into their traps.

So the bottom line is that no one from newbie to pro experience person is completely free from phishing. So we always have to maintain our own security and at the same time we have to refrain from those unsafe browsing that can inject malware to our devices.
And also I want to say one more thing that we should be concerned about the security of our devices just as much as we are concerned about our loss and profit. And of course you need to make your device more powerful by using reliable anti-malware tools.

[Dr.Bitcoin_Strange]

So the bottom line is that no one from newbie to pro experience person is completely free from phishing. So we always have to maintain our own security and at the same time we have to refrain from those unsafe browsing that can inject malware to our devices.
And also I want to say one more thing that we should be concerned about the security of our devices just as much as we are concerned about our loss and profit. And of course you need to make your device more powerful by using reliable anti-malware tools.

It can also be helpful if we can avoid storing sensitive information on our devices or online, like on our emails of social media accounts, because this is the first place these hackers check when they gain access to your devices, it’s crucial to expect and prepare for these moments if they eventually come because they are inevitable and can happen to anyone regardless of your device’s security, so it’ll be more safer for everyone to store certain information offline.

[|MINER|]

It can also be helpful if we can avoid storing sensitive information on our devices or online, like on our emails of social media accounts, because this is the first place these hackers check when they gain access to your devices, it’s crucial to expect and prepare for these moments if they eventually come because they are inevitable and can happen to anyone regardless of your device’s security, so it’ll be more safer for everyone to store certain information offline.

What I think is best is to keep the devices divided such that the device you use only for entertainment should not include any financial related or working related data or any such work do on that device. I myself currently do all financial and working related work on my laptop and I have a PC at home where I do all my entertainment like gaming to watching movies or browsing. This keeps my work private from my local friends or relative members and not just from hackers.

[Dr.Bitcoin_Strange]

What I think is best is to keep the devices divided such that the device you use only for entertainment should not include any financial related or working related data or any such work do on that device. I myself currently do all financial and working related work on my laptop and I have a PC at home where I do all my entertainment like gaming to watching movies or browsing. This keeps my work private from my local friends or relative members and not just from hackers.

That’s a nice idea, but still, you need to know that this can only minimize the chances of falling into one of these phishing scams and not to completely avoid it. Even with the device you set aside only for financial activities, there’s still every tendency of falling victim of those scams if you feel too safe or protected and let your guard down. Whether you’re using multiple devices or just one device for all you activities, the best thing to do is just to try as much as possible to stay safe and avoid suspicious activities or sites online.