Sun. Jun 16th, 2024

Today Is Social Media Day and Here are Four Most Common Mistakes on Crypto Social Networks.

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World Social Media Day was launched by Mashable on June 30, 2010. It was born as a way to recognize social media’s impact on global communication and to bring the world together to celebrate it. Everyone uses social media every day; it’s how we connect with people all over the world in a simple and fast way.

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The journey of social media has evolved from being a medium to exchange ideas to becoming an intrinsic tool to understand and gauge consumer insights for business such as crypto.   

Here are common mistakes people make on crypto social networks;

1. Double Checking Wallet Address :

Always double check wallet address before sending BTC. I like to think of myself as a power user and have been in the space since 2014. We strongly suggest that you double check addresses before sending or receiving crypto through Wallet. 

Because Bitcoin transactions are irreversible, it is important to double check the address to which you are sending bitcoin as well as the amount being sent.

2. People Share personal information on Social Media Without Recourse To The Dangers: 

This mistake is rampant and dangerous. It happens every day on social networks. Cyber criminals are, first and foremost, looking to steal your personal information.

Armed with this data they can then launch multiple phishing campaigns or even steal your cash.

If we add to this, the fact that most people will use the same login details for different social media platforms, stealing credentials from one, gives hackers potential access to all of your social media accounts.

So, it’s vital that you don’t share personal data and that you use different passwords to minimize the damage if you were to become the victim of an attack. 

3. Look out for unsolicited password reset emails: 

There are so many social platforms around today that it is very easy to think that at some point there may be an incident with one of them and this is where hackers can take advantage.

If you get an email asking you to change your password, even if you have not requested it, your first impulse is to click on the link and reset. This is dangerous, as it can give the cybercriminal access to your entire account.

To avoid this, you should go directly to the social media platform’s page (don’t click on the link in the email) and renew your password from the same page (and then do the same for other accounts where you have the same password).

4. Do not Click on any link: 

Cybercriminals often use links to redirect users to malicious sites. These links can come in the form of an innocent looking email or SMS.

If you receive such a link, the best way to protect yourself is to go to the site in question, via your usual browser, and check for any messages there, rather than clicking on a link in an unsolicited email or text message.

5. Check For Phishing URLs: 

Another trick that attackers use to steal your data is to change a URL to make it look like the genuine article.

Using this technique, hackers can get a user to visit a website they believe to be trustworthy, such as their Facebook page where they are then asked to change their password, to redirect them to a cloned website so that they can steal as much information as they like.

We have seen this recently with LinkedIn dominating Check Point’s Brand Phishing Report for the first time, accounting for more than half (52%) of all phishing attempts in the first quarter of this year. 

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