Complex Bitcoin Phishing Scheme Revealed - Cisco’s OpenDNS Security Team
Criminals have started staging phishing campaigns having discovered that Bitcoin can provide an easier way to steal, says Cisco’s OpenDNS security team after they revealed a complex phishing scheme aimed at collecting user credentials from various Bitcoin-related services. The discovery was made after the price of the digital currency rose by over 58% to reach about $775 in the last month (though it has dropped in a week) based on several factors. The latter includes the finite and constrained supply of Bitcoin, its pending supply growth reduction next month, the anticipated supply drop....
Related News
OpenDNS Security Labs has recently revealed the extent of phishing attacks targeting Blockchain wallet users. Bitcoin has become the most valued financial instrument as it continues to put up a strong performance while other major currencies and markets are registering a slump following the Brexit results. As the value of the digital currency continues to increase, so are the number of phishing scams run by cybercriminals looking for ways to make a quick buck. In a recent blog post, the OpenDNS Security Labs has reported an increase in the number of phishing attempts, targeted towards....
OpenDNS Security Labs has discovered 100 fake bitcoin and blockchain domains that mimic legitimate bitcoin wallets in an attempt to steal credentials. The domains share a provider with three different names that has used the IP space to sell pornography, false merchandise and phishing sites. The sites, most of which were registered on May 26, continue to pop up, indicating the campaign continues, according to Threatpost. Researchers Trace Connections. OpenDNS Security Labs researchers Dhia Majoub, Artsiom Holub and Jeremiah O’Connor were able to trace connections among name servers, IP....
As bitcoin price surges, so have phishing attempts against bitcoin wallets, according to Cisco’s Open DNS Labs blog. A similar phishing spike occurred over the summer in response to a bitcoin price jump. The blog includes a list of domains created by one phishing campaign to spoof Blockchain.info around the holidays. Most of the phishing sites have been set up for phishing purposes. There has also been an increase in the compromise of legitimate sites modified to host bitcoin wallet phishing along with other phishing content. Gmail Accounts Targeted. Another trend has shown campaigns....
Even though wallet operators have a large role to play in protecting funds, customers also need to educate themselves to avoid phishing scams. 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....
A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features. As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as a major platform of choice for conducting the hacks. In the quarterly report of security firm Certik, the team has found a 170% increase in phishing attacks in the second quarter of 2022. According to the security firm, 106 attacks were recorded in the....