Important Tips To Secure Your Crypto Holding: Beware Of Phishing Links #003

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Hello great minds,

With a humble heart, I happily come before you all today to discuss on an issue of great importance in the cryptospace.

I trust you are doing perfectly fine and are enjoying your activities in the community.

In our last discussion, we discussed on how we can keep our crypto holdings safe by being aware of phishing links.

We also examined in details some of the techniques being used by phishing links to attract it's prey, and by studying such, we will be able to avoid falling prey to it.

Today, we want to reach out to those contemplating making use of phishing links on their fellow investors, we shall be discussing on the dangers associated with the use of phishing links in the cryptospace, please stay tuned

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DANGERS OF PHISHING LINKS

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There are numerous dangers associated with the use of Phishing links and some of them are:

• DATA THEFT:

One of the primary aim of phishing links is to gain unauthorized access to an individual's very sensitive information.

Attackers through the use of a phishing link leads an attacker to a malicious page where her credentials are needed for her to continue processing what ever he wants to on the malicious page

The moment the investor inputs his credentials, they are immediately cloned by the attackers and this can lead to grievious consequences such as data loss and financial losses.

• MALWARE DISTRIBUTION:

Another danger of Phishing links is what we know to be malware distribution.

Malware distribution is known to be the sharing of malicious software into a system, and this can be done through phishing links.

By clicking on a Phishing link, you can unknowingly automate the down,load of a malware into your device, and this can lead to a compromise of a user's system, ransomware attacks, data breaches and in most cases unauthorized access.

• FINANCIAL FRAUD:

This is one of the reasons many embark in the use of Phishing links and it is one of the most dangerous consequences of falling victim to it.

Phishing links often links it's preys to a platform where they will be needed to reveal sensitive financial details and when this is done, the victims gets defrauded of all his financial holdings.

• REPUTATION DAMAGE:

Another danger associated with phishing attacks is reputation damage.

Most organization that have been affected by a phishing attack often have their reputation damaged in the society.

When an unauthorized access to an organization email account is done, the attackers can send out more phishing links to clients and investors, thus leading to their financial loss and distrust in the company.