How do you protect against $5 wrench attacks, rug pulls, and social engineering? We asked security and tax experts for their top tips on how to cover your assets. (Via CointelegraphZN)
Also, if the developer chooses to remain anonymous or the project seemingly appeared out of nowhere, this could be because the developer is malicious and trying to execute a rug pull as a quick money-grab scheme.Cryptocurrency platforms make for appetizing targets for a handful of reasons — many of which align with other financial cyber crimes, such as targeting banks and their customers.
Cyber criminals can target employees of the crypto platforms with phishing attacks that intend to steal their corporate login credentials. With these credentials, the attacker can log into that employee’s account and move laterally around the infrastructure until they find valuable data to exfiltrate, encrypt for a ransomware attack, or funnel customer funds out to their crypto wallet.The number one thing, which is not a novel tactic, is never sharing your login information with anyone.
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