Cybercriminals launch an attack of phishing scams on Metaverse
Cybercriminals seem to have found a new soft target for phishing scams and fraud – Metaverse. According to Victim’s account, they believed their investments were safe and legitimate, primarily because of their integration with Metaverse blockchain technology. Unfortunately, after investors bought what they thought was their metavers land, it didn’t take long for cybercriminals to steal from them maliciously.
Hackers are tempted to click on what is known as a “phishing page” that appears as a legitimate website to their metavers. Unbeknownst to the victims, they were tricked into providing sensitive information and credentials to cybercriminals as soon as they clicked on the link.
The victim
All of these investors wanted to be part of the Metavers action – a dynamic new virtual world built on blockchain networks and platforms. Metaverse quickly gained popularity due to the involvement of several A-list celebrities, artists, fashion brands and high rolling investors.
Although it sounds charming, and Metaverse brings with it the potential of the future and the lack of applications, it is not perfect.
What is painfully clear is that Metavers is not safe from cyber criminals. Investors have learned the security risks of virtual investing in difficult ways.
There is no question that the popularity of investing in virtual real estate (buying land in Metaverse and then selling it for profit on various NFT and blockchain platforms) has forced fraudsters and hackers out of the woodwork. According to authorities, cybercriminals start phishing scams with arsenals of high-tech software and malicious programs that are difficult to detect.
Kasha Desroseurs, a skilled long-term care nurse, is a victim. Ms Desrosiers bought NFTs worth $ 16,000. It represents Metaverse Land on popular Metaverse platforms such as The Sandbox and Superworld.
He explained that his dream was to create a game in the virtual universe based on human physiology and physiology. Sadly, he can’t do that anymore. After he bought NFT, he clicked on a website called Desrosiers Decentraland and unknowingly clicked on a phishing link that redirected him to a phishing site where bad actors emptied his metamask wallet.
An online fitness professional, Tracy Karlinsky had a similar experience. He clicked on a phishing scam site that is almost identical to The Sandbox’s homepage. Carlinksy lost $ 20,000.
In the midst of phishing scams, high-rolling investors are pressured to invest in Metaverse
Since Metaverse is a completely new entity, authorities still have not been able to keep a comprehensive record of how much money small investors are losing due to cybercrime. But there is no doubt that phishing scams in Metavers are at an all-time high and will continue to grow. Although investors have potentially lost thousands of dollars, corporate investors show no signs of slowing down – constantly injecting a surprising amount of money into the virtual stratosphere.
For example, you might be surprised to learn that the company behind The Sandbox, the Animoka brand, has recently raised over $ 350 million in capital from various investors, such as 10T Holdings and Liberty City Ventures. Sandbox is now valued at over 5 5 billion!
Jump to Metavers Platforms Action
According to Taylor Monahan, Metamask’s product lead, the company will soon launch a platform where victims of phishing scams will be able to recover their stolen money. In an interview with CNBC, Monahan said, “We are trying to launch a platform where people will have the opportunity to fight to get their money back from scammers.”
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