As Web3 adoption goes further and much more beginners go into the space, online hackers have become more active, with increased phishing attacks being recorded within the latest quarter of 2022 and social networking being noted like a major platform preferred by performing the hacks.
Within the questionnaire of security firm Certi, they has found a 170% rise in phishing attacks within the second quarter of 2022. Based on the security firm, 106 attacks were recorded within the first quarter, while 290 occasions were noted within the next quarter.
Based on the blockchain security firm, most phishing attacks happen to be conducted on social platforms like Discord and Telegram, which do not have account verification features like Twitter. Due to this, malicious individuals can copy accounts of projects and prominent individuals while baiting their victims with giveaways along with other offers.
Like Web2 attacks, CertiK highlighted that online hackers are relying on human error like a beginning point for this kind of attack. To combat this, the safety firm pointed out that community education plays a vital role. Educating new community people on how to prevent hacks and scams can increase people’s awareness and vigilance against phishing attacks.
Related: CertiK shares security tips following third BAYC security compromise in six several weeks
The 2009 week, the state social networking accounts from the British Army were absorbed by crypto scammers. The attackers shared phishing links, promoted crypto scams and marketed fraudulent nonfungible token (NFT) collections while using official page from the army. Hrs following the breach, officials could recover the accounts and delete the hackers’ posts.
In April, Bored Ape Yacht Club (BAYC) NFTs were stolen following the project’s official Instagram account was absorbed by attackers. Reports believed there might have been $40 million price of assets lost within the attack.
