Crypto exchanges have seen a 10-fold increase in phishing attacks, new report says

In the latest report from cyber threat intelligence firm PhishLabs, total phishing attacks across all sectors in the first half of 2021 increased by 22% compared to the same period a year earlier, while cryptogeld stock markets saw a 10-fold increase in phishing scams.

A phishing attack is an attack in which a victim receives an email or notification from a company or even a colleague that looks like an official notification, but is actually a ploy to obtain sensitive recipient information. This information can then be used to access bank details or crypto exchange accounts.

In particular, an important part of phishing attacks on social media platforms takes place here; most of the communication and activity in the crypto industry for more than half of all social media attacks (%54.7) representing the trademarks, managers and employees using a combination of imitation occurs.

“Bad players continue to use phishing to access information and are developing more advanced ways to do so based on growth in areas such as sites that use cryptocurrency and single sign-on,” said John Lacour, founder and CTO of PhishLabs.

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According to its results, the company’s 2. quarter 2021 year and observed the annual average number of phishing attacks encryption exchange 13%, the first three months of this year, researchers will continue to subject to aggressive attack issues threats, the future block using the social network”.

Phishing attacks target cryptography
“As markets for cryptocurrencies and digital assets evolve, and as hackers’ approaches to endangering exchanges, asset owners and other parts of the crypto-finance ecosystem evolve,” Lacour told decrypt.

According to Lacour, in addition to the willingness of financial institutions to use crypto funds and offer them to their customers, the recent Coinbase listing on Nasdaq and bitcoin reached an all-time high in Q2, which led to an increase

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