RATE Group | Dublin Information Sec: Protect your firm from ‘Gold Rush’ cryptocurrency scammers
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Dublin Information Sec: Protect your firm from ‘Gold Rush’ cryptocurrency scammers

06 Sep Dublin Information Sec: Protect your firm from ‘Gold Rush’ cryptocurrency scammers

Posted at 17:17h in Cryptocurrency News by

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Target: Credentials for online exchanges and trading platforms are stolen and sold on criminal forums
Target: Credentials for online exchanges and trading platforms are stolen and sold on criminal forums

At the height of the California Gold Rush in the 1840s and 50s, fraudsters devised various methods to deceive individuals hoping to strike it rich, including selling synthetic gold deposits or fake mines of no real value.

These days cybercriminals are defrauding those working with cryptocurrencies through account takeovers, mining fraud and scams against initial coin offerings (ICOs).

When individuals want to purchase and trade cryptocurrency, they create online accounts and wallets on exchanges and trading platforms.

Cybercriminals steal credentials for these sites through phishing emails and scam pages, before selling access to these accounts on criminal forums and paste sites. Credential stuffing tools, which automatically inject large lists of username and password combinations into login pages until a match is found, are also widely used to break into trading…

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