In the relentless battle against evolving phishing scams and heightened cybersecurity threats, a novel breed of malware known as "Wallet Drainers" has emerged as a formidable adversary, making off with a staggering $295 million from approximately 324,000 unsuspecting victims, according to a report from Scam Sniffer.
Crypto Malware Tactics Unveiled Scam Sniffer's recent findings shed light on the tactics employed by these insidious programs. Operating on phishing websites, Wallet Drainers employ sophisticated methods to deceive users into unwittingly authorizing malicious transactions, resulting in the pilfering of assets from their cryptocurrency wallets. Over the pa…
In a harrowing tale of financial deception, a distraught Ontario mother shares her heartbreaking experience after losing over $7,000 to an investment scam she discovered on TikTok. Shivaun Taylor, now determined to raise awareness, urges the public to remain vigilant against fraudsters deploying similar tactics.
Taylor recounts stumbling upon a fabricated news report while scrolling through TikTok, depicting a seemingly successful individual turning a modest $250 investment into a monthly income of $28,000. Intrigued by the portrayal of a police officer purportedly earning substantial profits, Taylor decided to explore further and promptly signed up for the investmen…
On January 4, the Twitter account of Mandiant, Google's cybersecurity firm, was successfully reclaimed after falling victim to a hacking incident that saw it being exploited to promote a cryptocurrency scam. The breach unfolded over several hours on the platform, X, with attackers posing as Phantom, a purportedly "friendly crypto wallet built for DeFi and NFTs." A screenshot of the compromised Mandiant X bio, shared by Cyble, revealed the deceptive promotion.
This event raised concerns about the security of high-profile accounts on X, given the platform's history of being targeted by cybercriminals for scams. Although Phantom is a legitimate company with its wallet a…
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