Spear Phishing

The first entry in a discussion on “How to avoid crypto phishing attacks” would focus on spear phishing. According to a report by data protection agency Barracuda Networks, spear-phishing attacks have been growing in number. Spear phishing attacks involve hackers focusing on specific individuals with customized messages. 

Fake Browser Extensions

The second prominent entry among common crypto attacks through phishing refers to fake browser extensions. Crypto users use different types of browser extensions along with MetaMask wallets or other crypto wallets. While the wallet browser extension serves flexibility for crypto users, it can be an easy target for attackers. 

DNS Hijacking

The complexity of crypto phishing scams has been growing by humongous margins in recent times. DNS hijacking is one of the most unrecognizable scams which might take a keen eye for detail to notice. DNS hijacking or DNS spoofing attacks are quite old in which attackers hijack authentic websites. The attackers then replace the authentic website with a fake interface.

Phishing Bots

The final and most interesting entry among the popular crypto phishing scams points to phishing bots. It is important to note that phishing bots have been implemented in the past to various extents. However, the use of phishing bots in crypto is primarily directed at compromising the valuable seed phrases of users. The crypto wallet MetaMask called for the attention of users towards a phishing attack being carried out in its name. 

•Best Practices for Safety from Scams.

The outline of common crypto phishing attacks alongside the best practices for dealing with them can improve your resilience towards such attacks and scams. However, you must abide by the following pointers to stay safe from cryptocurrency scams.

°Look for typo errors and misspellings in social media posts or messages.

°Identify hints of psychological manipulation tricks such as blackmailing and extortion.

°Avoid unreal promises of free monetary rewards or massive profits.

°Stay away from fake celebrities or crypto influencers. 

°Don’t enter into contractual obligations for locking your crypto assets.