Cryptocurrencies: beware of fraud attempts and account violations

Hackers hit the world of cryptocurrencies and they do it by violating accounts. What to do to defend yourself

Cybercriminals have been able to take advantage of the boom and popularity that cryptocurrencies earn every day. Not only have they started programs that work remotely to extract the digital currencies, which leads to slowing down the victim’s computer, but they are also dedicated to creating fake applications for the exchange of cryptocurrencies.

The computer security company Eset guarantees that the main objective is to steal passwords and access data by presenting itself as an application that serves to carry out transactions and that, ultimately, allows them to take possession of real accounts.

According to the cybersecurity company, hackers not only copy the developer’s name, application icon and user interface, but also create opinions with presumed good references from other users. For example, in 2017, they created a fake version of the Poloniex app in the Google Play Store. They also supplanted the identity of MyEtherWallet, a popular open source cryptocurrency bag for Etherum, to steal passwords and private passphrases.

Another form of cryptocurrency scam, cited by Eset, is that of applications that claim to undermine cryptocurrencies but, in reality, they do nothing but show advertising.

Use two-factor authentication and try to share cryptocurrencies and portfolios with the same degree of caution with which you would turn to banking services as one of the experts’ recommendations.

It should be noted that the official app should appear connected to the page of the person offering the service. We also recommend keeping Android devices up-to-date and using a trusted security solution.

Eset made it clear that all the applications mentioned above have been suspended from the Google Play Store. In addition, users with Google Play Protect enabled will be protected from these types of threats.


To Top