As there are more and more people who are making financial and banking transactions online, phishing and other identity thefts have also been dominantly spreading. This is even more so with the rise of cryptocurrency trading and investing, which is largely transacted online. Becoming aware of the possibilities that they can happen to you as well as how to avoid them and recover once they do happen are important to keep your hard-earned money safe and secure.

What is Phishing?

Phishing is a cybercrime that aims to steal the personal information of victims through seemingly legitimate ways such as through emails, websites, text messages, phone calls and other social engineering techniques. Often, the cybercriminals will instruct the victims to click on the link/s attached that are actually leading to fake websites that steal the username and password of victims (and other personal information), download and install malware to the victim's devices and contain malicious code to serve other malevolent purposes of the cybercriminals.

Signs to look out in the content of phishing emails or websites:

  • The message might appear unprofessional
  • Written with poor grammar (spelling, capitalization, sentence structure, etc.)
  • Contains odd-looking URLs (or the links are not the same as the legitimate website address)

Steps to avoid identity theft from phishing:

  • Recognize phishing methods
  • Never click on any link that is suspicious
  • Visit only the official or legitimate sites
  • Don't give your login or financial information to sites and email addresses that you don't know anything about or are not trustworthy
  • Don't click on pop-up ads

PHISHING WEBSITE WARNING!

Recently, we have gathered reports of a fake website that is posing as COINUT and stealing the login credentials of both our potential and existing users. Please be advised that our OFFICIAL website is https://coinut.com/.

If you have accessed the fake website and have gotten your account compromised, please change your password in the official website and report it to us IMMEDIATELY through our live chat support (currently only available to users in Singapore) or send in a ticket here. Follow the recommended actions stated in this blog to fully secure your account.

We have already taken security measures to protect your data. Rest assured that your profile and other sensitive information are safe with us here in COINUT.

Wrap Up

Staying vigilant mitigates the risks of becoming a victim of cybercrime, particularly of phishing and other identity theft that can cause a massive financial loss for victims. Keeping your money safe in wallets and accounts that can be accessed online is a coordinated action between you and your financial service provider. Be aware of the necessary steps to protect yourself before it's too late.

Trade Bitcoin, Ethereum and Litecoin easily and securely with Coinut!