Researchers Believe Crypto Fraudsters Could Target Search Engines and Social Media

Cryptocurrency News Scams

YouTube and a variety of applications owned by Google have been facing a variety of issues as of late. One of the most prevalent problems people have encountered is that there are plenty of crypto related scams present on these platforms. A large number of researchers recently came across issues on YouTube and even the Google search engine itself. It was a clear indicator that these were crypto scams and needed to be taken care of right away.

There are a large number of cyber criminals, possible in thousands, who are doing everything in their power to rob people’s crypto investments. Unfortunately, there have been plenty of incidents where people lost their investments and blamed it on the crypto landscape itself. However, that is simply not true, as the crypto trading and investing scene is as good as it gets. Sure, there is no denying that there are a lot of hacks and frauds involved in the crypto scene but they are indeed avoidable.

One of the most effective ways to steer clear from this issue would be to familiarize with common telltale signs that have occurred in the crypto scene over the years. In the most recent cases of hacks, most of the cybercriminals have been using cookie-based malware in order to hijack a variety of channels on YouTube in order to promote scams, fishing and plenty of other activities. After spending a great deal of time to determine who the culprits were, Google found out that most of them came from forums in Russia.

Using the malware talked about previously, these hackers would be able to steel user access, credentials, passwords and much more. Believe it or not, plenty of these hackers were even able to get away with stealing people’s money from their debit as well as credit cards. In addition to that, anti-virus programs, online games and loads of photo and video editing software are only some of the ways cyber criminals utilize to access people’s crypto wallets. The researchers who have been looking into this issue claim that it is unlike anything they have seen before.

This is primarily because these hackers have been utilizing high-level skills in order to go undetected and steel people’s information from them. Needless to say, catching these perpetrators has proven to be more difficult than initially imagined. What’s more, the quantity of these criminals is too high and will require the use of a dedicated taskforce to get things done the right way. The good news is that Google and plenty of other platforms that are under attack are taking the right steps to address this issue and secure people’s crypto information

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