Greetings to all the community, this time we are going to discuss a topic that is making a lot of noise right now, it's the security flaws in cryptocurrency wallet what people call hacking but in reality is a scam, these two terms are confused as they have the same purpose what makes the difference is the methodology used to steal a digital asset, hope you like it and you can leave a comment
I think the main thing we need to know is that scammers often use something called social engineering, with this technique a scammer promises big profits to his victim who, dazzled by the scammer's promises, ends up entering their security codes or logging into a website that is designed to capture their personal data, with which the scammer then enters the wallet and steals the assets.
One of the main tools of the scammers are the promises of quick profits, this may seem simple but it is a very powerful tool because human beings with little information usually end up believing in this kind of promises, scams through promises are very old and it was used years ago in something called the King's card.
With this method the scammer sends an email in which he claims to be king of an African country and that he had a lot of money saved and wanted to give it to the person who received the email, the person who will receive this exorbitant amount only had to send a small amount of money for the supposed legal procedures, this trap that now seems very silly in reality is a method that managed to raise billions of dollars in scams.s.
Promises of big profits coupled with good social engineering allow a scammer with no computer skills to create a fake website, then by misleading promises steal passwords, once with the passwords they enter the wallet and steal all the funds, it is worth noting that scammers do not have the ability to log into an email account or any other site where cryptocurrencies are stored, they only specialise in deception, they do not have the technical ability to find a zero-day bug.
The motivations of scammers are simple, they just want to steal from as many people as quickly as possible through a deceptive offer, the most emblematic case of a scammer, was the Twitter employee who tricked thousands of people to deposit their btc in a wallet owned by him, he managed to fool everyone promising to double the btc in 24 hours, then to make the scam believable, he uploaded his offer to the accounts of personalities such as Bill Gates.
Now let's talk a bit about hackers, generally hackers work in groups and have very specific objectives, they try to find bugs in the programming codes of very large companies from which they plan to steal billions of dollars, in short a hacker would not waste his time, trying to defraud an average user.
Imagine the work, dedication, effort and risk an IT professional puts into hacking a website for a reward, whether it's the platform itself buying the information or logging in and stealing a large platform in a single operation, I can't imagine these professionals spending weeks of work, to hack into a person's wallet with less than $1000 in digital assets.
Another important point is that these computer geniuses tend to have many well-paid job offers, so it is not logical that a group of hackers spend weeks of work to violate user accounts, the most logical thing is that these people devote all their time and effort to violate an entire platform.
I hope what I am saying makes some sense because nowadays we should be much more worried about scams than hackers, the best way to prepare ourselves not to be victims of scammers is to understand that the main basis of their scams are misleading offers, I believe that with a good security culture that allows you to evaluate all the proposals that are currently in the cryptocurrency ecosystem you will be safe.
In conclusion you don't have to worry too much about someone breaking into your wallet and stealing your funds, I think the main thing to be aware of is not to fall victim to misleading promises from scammers, so that you associate your wallet with a malicious website or by deception voluntarily reveal your passwords.
As a final note I would like to say that I will create more articles on the subject, but these articles will be oriented towards methods of protection against scams as I believe it is better to focus on preventing scams than on preventing piracy. thank you very much
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