A cryptocurrency wallet seed phrase is the main objective for hackers and scammers

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A cryptocurrency wallet seed phrase is the main objective for hackers and scammers. 

Thousands and thousands of phishing emails are sent daily to cryptocurrency users asking them to take immediate action.

And while most crypto users have enough digital safety knowledge not to fall for those scams, someone will always fall for them.

Phishing emails are on the rise.

For a scammer, one of the most cost-efficient methods to steal cryptocurrencies is to send thousands and thousands of emails.

They know there is a reasonable probability that a handful of people will fall for the scam.

And they also know that their domain will be taken down eventually after scamming a few victims, but they already have a system to create another phishing website under a new domain in no time.

They will be back into the scamming business in no time.

So, even though reporting malicious websites is very important, focusing on PREVENTION and ensuring that the people we care about are not scammed is more critical.

Emails digital safety good practices

Everyone should know and apply a few digital safety good practices every time an email is received:

  • Always check the sender's email - If you receive an email, you can easily see who is sending it. And if the domain ([email protected]) is unknown to you, assume that you have received a malicious email. 
  • If an email asks you to take immediate action, your brain's digital safety alarm should go off. Any reputable financial service would give the user enough time to take any recommendable or mandatory action.
  • If the email has an attachment, your brain's digital safety alarm should go off. If you receive an unexpected email with an attachment, do not touch it. Flag the email as spam and let it slip to the 'Junk' inbox, so any further emails from the same source finish there by default.
  • If the email has any link or button, and you doubt whether the email is legitimate, hover with your mouse pointer over the link or the button to display the destination address on the bottom left of your browser. And if you notice a suspicious address, flag the email as spam and let it slip to the 'Junk' inbox, so any further emails from the same source finish there by default.
  • And finally, if you are still in doubt, it and find out if any other people have already flagged the email as malicious.

Will a phishing email put your digital assets at risk?

If you are reading this post, you will likely take your digital safety seriously and have enough knowledge to identify and avoid phishing scams.

But, can you say the same about your partner, wife, husband, children, or flatmates, ... And how would it affect you if a shared account, a shared router password, or a shared home address is phished from someone near you?

Please consider looking after the digital safety of those near or dear to you.

Thanks for your time, and if you think this post may be of value to other people, please remember to upvote it or share it to make it more visible.

Stay safe,

The Crypto Safety First Team.

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