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    ICO $4 Billion Phishing Scam: Divya Kumari Ankita Ranjane Sandhya Mishra Ankit Kumar Yadav Kushal Kadam Ani Khan

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    sandhya
    A $4 billion ICO phishing scam occurred when scammers breached the internal email system of Block One, the company behind the EOS ICO. The scammers were able to respond to previous customer support emails, linking to a fake website that prompted users to enter private keys and unlock cryptocurrency wallets. Over $127,000 in EOS funds were stolen this way. To prevent such scams, people should beware of imposter websites and emails, thoroughly research any ICO teams and projects, and exercise caution when considering new crypto investments.

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    ICO $4 Billion Phishing Scam: Divya Kumari Ankita Ranjane Sandhya Mishra Ankit Kumar Yadav Kushal Kadam Ani Khan

    Uploaded by

    sandhya
    174 views14 pages
    A $4 billion ICO phishing scam occurred when scammers breached the internal email system of Block One, the company behind the EOS ICO. The scammers were able to respond to previous customer support emails, linking to a fake website that prompted users to enter private keys and unlock cryptocurrency wallets. Over $127,000 in EOS funds were stolen this way. To prevent such scams, people should beware of imposter websites and emails, thoroughly research any ICO teams and projects, and exercise caution when considering new crypto investments.

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    banking scam

    Original Title

    Scam

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    A $4 billion ICO phishing scam occurred when scammers breached the internal email system of Block One, the company behind the EOS ICO. The scammers were able to respond to previous customer support emails, linking to a fake website that prompted users to enter private keys and unlock cryptocurrency wallets. Over $127,000 in EOS funds were stolen this way. To prevent such scams, people should beware of imposter websites and emails, thoroughly research any ICO teams and projects, and exercise caution when considering new crypto investments.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    174 views14 pages

    ICO $4 Billion Phishing Scam: Divya Kumari Ankita Ranjane Sandhya Mishra Ankit Kumar Yadav Kushal Kadam Ani Khan

    Uploaded by

    sandhya
    A $4 billion ICO phishing scam occurred when scammers breached the internal email system of Block One, the company behind the EOS ICO. The scammers were able to respond to previous customer support emails, linking to a fake website that prompted users to enter private keys and unlock cryptocurrency wallets. Over $127,000 in EOS funds were stolen this way. To prevent such scams, people should beware of imposter websites and emails, thoroughly research any ICO teams and projects, and exercise caution when considering new crypto investments.

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    Download as pptx, pdf, or txt
    of 14

    ICO $4 Billion

    Phishing Scam
    PRESENTED BY:
    Divya Kumari
    Ankita Ranjane
    Sandhya Mishra
    Ankit Kumar Yadav
    Kushal Kadam
    Ani KHAN
    Did you know…
    • One in four people have never
    heard of the term “Phishing”.

    • Half of the people surveyed


    could not accurately define
    phishing.
    “Phishing” Scam Occur when

    Provides a hyperlink to a
    You get an email web page

    Asking you to The link takes you to


    “update their a thief’s website
    records”
    .
    Why Phishing Scams?
    • A phishing expedition, like the fishing expedition it's named for, is a
    speculative venture: the phisher puts the lure hoping to fool at least a
    few of the prey that encounter the bait.

    • The thief is hoping to hook you with a very slick but very fake
    website to fish for your personal information.
    What kinds of personal information do the
    thieves want?
    • Your name, address and date of birth

    • Social Security number

    • Driver’s License number

    • Credit Card numbers

    • ATM cards

    • Telephone calling cards


    Why people fall for phishing
    scams?

    • Web sites that are frequently spoofed by phishers include PayPal,


    Paytm, eBay, MSN, Yahoo, BestBuy, and banking companies.
    Types of Phishing
    Whaling

    Smishing &
    Spear phishing
    vishing

    Email phishing Angler phishing


    What is ICO scam?
    • ICO is a initial coin offering
    ICO is initial coin offering where crypto currency
    startup uses to raise funds for projects

    • Role of block one


    Block one was a startup by brock pierce, which
    work to develop block chain software

    • Hacker’s Intervention
    Scammers breached internal System of the
    company
    How did the scam occur?
     Scammers have breached an internal system of the company
    behind the record-setting EOS ICO.
     EOS’s actual website is eos.io. (The underlying URL for the fake
    site is actually “https://xn--es-8bb.com”--a foreign domain that
    translates to e?s.com.
     Eventually, the phishing site prompts visitors to enter their
    private key.
     Unlock their digital cryptocurrency wallets.
     Block.one(Blockchain software - a startup Co.) admitted over the
    weekend that an intruder had managed to breach its email support
    system, operated by cloud software provider Zendesk.
     The scammer then responded to previous customer queries using
    Block.one’s email domain.
     Some $70,400 in EOS went to Fake_Phishing1169, while $57,000
    more landed at Fake_Phishing976.
     And those are just some of the addresses that don’t even bother to
    hide their ill intent (suggesting they’re part of an organized phishing
    ring).
    HOW TO PREVENT THE SCAM?
     Fraudulent ICOs and sketchy coins and tokens abound, but there are many ways to
    help ensure that you avoid these potential scams
    • Beware of imposter websites
    • Fake mobile apps
    • Scamming emails
    • Bad tweets and other social media updates
     Thorough research of the individual team members of a project you invest
     Any ICO will depend upon a token or a currency system in order to facilitate crowd
    funding process. A crypto currency or ICO white paper is the foundational
    document for that project.
     Overall, be extremely cautious as you look for new investment opportunities in
    the ICO and crypto currency spaces.
    • Email Scam (Dec 29, 2020): “DVB Transport
    LATEST PHISHING SCAMS

    – Service and Order Docs


    • Email Scam (Oct 28, 2020): “[AMAZON]
    Billing update!
    • Email Scam (Oct 14, 2020): “Part-Time Job
    Offer”
    • Email Scam (June 24, 2020): “Please respond
    – overdue payment from DYNA COMP INC.”
    • Email Scam (Apr 27, 2020): “New statement
    information update!”
    PHISHING RELATED DATA
    THANK YOU

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