Over $1bn in Cryptocurrency Lost to Web3 Cyber Incidents in 2024
Certik observed the loss of $1.1bn worth of cryptocurrency across Web3 platforms in the first half of 2024, with phishing the most common vector
Phishing uses deceptive messages to steal credentials or deliver malware, while user verification, MFA, and email filtering reduce the risk.
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Background for this topic.
Phishing is deceptive communication—by email, text, phone, or a fake website—that impersonates a trusted person or service to make someone disclose credentials, approve a transaction, reveal sensitive information, or run harmful software. Attackers use it to bypass technical controls by persuading a legitimate user to perform an action, and may target employees, customers, administrators, or suppliers.
Its impact can include account takeover, unauthorized payments, exposure of personal or business data, and access to internal systems. The most effective control for stolen-password phishing is phishing-resistant multi-factor authentication, such as hardware-backed passkeys or security keys, which binds authentication to the legitimate site. Organizations should also filter and authenticate messaging where possible, use password managers, restrict risky actions, train users to verify unusual requests through a separate channel, and provide rapid reporting so suspected credentials or sessions can be revoked.
Certik observed the loss of $1.1bn worth of cryptocurrency across Web3 platforms in the first half of 2024, with phishing the most common vector
BleepingComputer has verified that the helpdesk portal of a router manufacturer is currently sending MetaMask phishing emails in response to newly filed support tickets, in what appears to be a compromise. [...]
BleepingComputer has verified that the helpdesk portal of a router manufacturer is currently sending MetaMask phishing emails in response to newly filed support tickets, in what appears to be a compromise. [...]