A user of cryptocurrency exchange Opensea has lost more than $1.7 million in virtual currency after being tricked into handing over the keys to his Ethereum wallet by hackers who then drained it of funds. This event highlights the importance of security best practices when dealing with cryptocurrencies and other digital assets, as well as the need to watch out for scammers seeking to dupe cryptocurrency holders into handing over their private keys by pretending to be trusted parties or even friends on social media and messaging apps such as Telegram and Facebook Messenger. The People of Opensea Lost $1.7 million in cryptocurrency in a Phishing Attack

How I Spent My Summer Vacation

I Spent It Learning How to Not Get Hacked : Studies have shown that over 60% of cybersecurity attacks begin with an email or phone call, both classic phishing attacks. The next time you get an unexpected phone call, consider it a warning: someone is likely on their way to steal your information, your money and maybe even your identity. Fortunately, there are ways you can protect yourself from falling victim to cybercriminals like phishers

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What is a Phishing Attack?

It is when someone tries to get your sensitive information (usually username and password) by pretending to be a legitimate site or business. Criminals often create fake websites and make them look just like sites you might use daily, such as Google, eBay, PayPal or Facebook. They can also send you an email that looks like it’s from one of these businesses but really isn’t.

Why did the user fall for it?

Phishing attacks are one of scammers’ favorite ways to attack online users, and with good reason: There’s little risk for them—most attempts get caught by spam filters, and even if they aren’t it takes only moments to send out a mass email asking for help with an urgent issue. On top of that, most recipients have already had their guard lowered because they know, or at least trust, who sent it.

The People of Opensea Lost $1.7 million in cryptocurrency in a Phishing Attack
The People of Opensea Lost $1.7 million in cryptocurrency in a Phishing Attack

What are Nano and Waves?

You may already know what cryptocurrencies like Bitcoin and Ethereum are, but you might not be familiar with Nano or Waves—two newer altcoins that have been gaining popularity lately. Let’s take a closer look at these two altcoins and their current value today.

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How to protect yourself?

Anyone can be a victim to phishing attacks and it’s probably easier than you think. Luckily, there are some simple steps we can take to protect ourselves online so that our bitcoins don’t get stolen by hackers!

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