As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
Phishing scams are becoming increasingly common as criminals use emails, text messages and phone calls to trick victims into providing them with personal information.
According to the National Cyber Security Centre in the United Kingdom, 29 million phishing scams have been reported since the beginning of 2024.
Blockchain security platform Scam Sniffer further found that over 324,000 crypto users fell victim to phishing scams in 2023. The “2023 Wallet Drainers Report” noted that around $295 million in digital assets were lost to wallet drainers in 2023.
