Cryptocurrencies

7 essential tips to protect your cryptocurrencies

In summer it is where more cases of phishing are reported. The holidays are coming and we are looking to be able to relax and enjoy without worries, which means that when browsing the internet, while we are looking for the best option for festivals or managing our finances and digital assets to plan our vacations, we let our guard down.

These months are when Internet users are more easily exposed to data theft and sensitive information on the Internet, including information and access to our financial assets. If the bank's information was also exposed a lot and inadvertently, in recent years those of our portfolios and cryptocurrency service accounts have been added.

This is how you keep your cryptocurrencies safe in the heat of summer

In order to secure your cryptocurrency and personal data, it is essential to know how to identify and protect yourself against various cyberattack techniques.

cryptocurrency technology

One of the most common is the technical call phishing, quite old but still in use because of how useful it ends up being. This technique works by identity theft, where the cybercriminal pretends to be a well-known person or company that he trusts. The most frequent method is through email or accounts on social networks. Cybercriminals create fake emails and domains that resemble an official source, using urgent or threatening language with messages such as “we have blocked your account"Or"secure your funds” to confuse and intimidate them, inserting harmful links into the message to finally access your personal information. According to Proofpoint, 89% of Spanish companies have suffered a phishing attack attempt. Of them, 72% of these companies were carried out successfully.

Therefore, Binance has shared seven tips to identify a phishing attack, in order to protect your account and sensitive data from these harmful emails.

Do not click on suspicious links

The main thing is not to open suspicious links. The most important tip to keep in mind. You could inadvertently install malware on your device or end up on a fake site designed to collect sensitive information.

Do not share personal information

Unique user credentials, phone numbers, bank accounts or private keys, or anything that gives clues about them, should never be shared with anyone you trust, not even in public messages. By the time this type of information is shared, it is already allowing scammers to easily break into the account by being able to answer security questions or guess very common passwords.

Pay special attention to free gifts, invitations and urgent notices of your services

Phishing emails often create a false sense of urgency, fear, or curiosity in order to manipulate emotions and elicit immediate action from the target. For example, they can make you believe that you have won a raffle in which you do not remember having participated for you to share personal information. They can also tell you that there has been an unexpected withdrawal from your account, which leads you to "restore» your password, actually revealing your password to a scammer.

Enable two-factor authentication (2FA)

Enabling this feature can make it more difficult for cyber scammers to take over your account. Two-factor authentication requires users to provide an additional code to access their account when logging in on a more personal device such as a mobile or email account. This makes it difficult for hackers to gain unauthorized access even if they manage to crack a password, as long as the user uses different passwords.

Have an anti-phishing code

It is recommended that you also configure an anti-phishing code. They include a combination of unique numbers and letters, and are designed to help businesses and users protect themselves against phishing. Thus, companies such as Binance have advanced security to be able to create a unique anti-phishing code that can be changed whenever desired.

Email verification

There are tools to spot check suspicious emails. A first search is made to be able to validate it. With Binance Verify, you can enter the sender address and so Check if it really comes from Binance or from an “Unverified Source”. But the address could still be a spoofed email, even if it passes an initial verification. Cyber ​​criminals in this regard make an email appear to be sent from a trusted source, so it is always wise to always proceed with caution.

Contact platform or exchange support

If you are suspected of being a victim of a phishing email, it is recommended that this contact platform support directly. This last method is the most infallible of all. A good security team from a service will always be willing to help verify the authenticity of email.

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Benjamin Rosa

Madrileño whose publishing career began in 2009. I love investigating curiosities that I later bring to you, readers, in articles. I studied photography, a skill that I use to create humorous photomontages.

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