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Home Alerts

FTC Warns of PayPal and MetaMask Phishing

May 11, 2023
Reading Time: 1 min read
in Alerts
FTC Warns of PayPal and MetaMask Phishing

 

The US Federal Trade Commission (FTC) has issued a warning about fraudulent emails targeting users of PayPal and MetaMask, which aim to deceive individuals into providing their account details. These phishing scams exploit users’ concerns about their finances, urging them to act quickly or face consequences.

The FTC emphasizes that such unexpected emails demanding immediate action are likely phishing scams, cautioning users to remain vigilant and think twice before sharing personal information. The commission advises users to refrain from clicking on suspicious links and reminds them that legitimate companies rarely demand urgent personal details.

To safeguard against potential scams, the FTC advises users to exercise caution, take their time, and carefully consider whether to disclose sensitive data. They also discourage users from clicking on links commonly included in unexpected emails and text messages, as these can lead to malicious websites or malware distribution. Blockchain analysis firm Chainalysis reports that crypto-based scams accounted for $6 billion in losses last year, highlighting the persistent efforts of cybercriminals.

It is crucial for individuals to remain cautious when engaging with online platforms and strangers, as scammers continue to employ various tactics, including impersonating celebrities, to deceive victims and exploit their hard-earned savings.

Reference:
  • Those urgent emails from MetaMask and PayPal are phishing scams
Tags: Cyber AlertCyber Alerts 2023CyberattackFTCMay 2023MetaMaskPayPalPhishingSensitive dataUSA
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