What happened to the Dawn Internet account?
On January 15th, the X account for Dawn Internet was hacked. For context, Dawn Internet is a decentralized, autonomous wireless network project that was founded over a year ago, and the goal of the hack was to steal personal information using phishing links.
Are phishing tactics becoming less obvious?
Phishing tactics have evolved to become harder to detect. In the early days, phishing messages would contain apparent text links. More recently, it became popular to link to Telegram channels. The hacked X account used this type of phishing to lure users into logging into Telegram with their usernames and passwords via SafeguardsAuthenticationRobot, an automated bot.
Why Telegram?
Telegram is a handy app for scammers. They create fake profiles and bots impersonating users or customer support. They create fake channels and groups posing as legitimate ones. They run fake Giveaways, scam token launches, etc. This leads to users getting scammed.
How to Protect Against Phishing Attacks
Users are advised to stay cautious by verifying sources and being careful with links. They can also enable two-factor authentication, use strong security measures, and familiarizes themselves with the latest phishing techniques.
What Should Fintech Startups Be Doing?
Fintech startups can join coalitions like "Tech Against Scams" to pool information and strategies. Approaches include anti-fraud efforts, using multi-layered security approaches, secure communication channels, and being aware of phishing techniques.
Are phishing scams impacting trust in digital banking platforms?
Yes! Phishing scams deceive users by impersonating trustworthy entities, leading to lost sensitive information.
How Can External Crypto Wallets Be Protected?
Users can protect external crypto wallets with strong passwords, 2FA, securely storing private keys and seed phrases, multi-signature wallets, and biometric security.
