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Fake Amazon cryptocurrency scam steals your Bitcoin — what you need to know

False Amazon cryptocurrency scam steals your Bitcoin — what you need to know

A physical Bitcoin placed in a mousetrap as a lure.
(Image credit: Shutterstock/Vitalii Vodolazskyi)

UPDATED with comment from Amazon.

If Amazon presented you with a brand-new cryptocurrency offering, giving you the opportunity to get in on the ground flooring with a digital token backed by Jeff Bezos, would you go for it?

Scammers sure hope a lot of people would, according to a report yesterday (January. twenty) from researchers at internet-backbone provider Akamai.

The crooks, "utilizing the crypto frenzy to create new ways to exploit victims with clever scams" wrote Akamai researcher Or Katz, began by posting "news" links in social-media groups devoted to cryptocurrency.

How not to fall for this

Permit'southward stop right here for a moment: The best way to avert being taken in past scams like these is to non trust random links that strangers post on social media.

Yous can visit the links — it's unlikely these days that just opening the folio will lead to problem. But earlier you interact with 1 of the websites in any manner, be very wary of claims that seem to good to exist true — don't permit greed cloud your judgment. There's also a TurboTax phishing scam going around, and then don't fall for that either.

Besides, you should ever check the web address of the site y'all're visiting to brand sure information technology matches what it's supposed to be. Unfortunately, that'south not ever easy to do on a mobile device, then scroll upward to the top of the browser window to see the address field, or attempt to use the browser'due south "share" function to copy-and-paste the site address into a text file or draft email.

Jeff Bezos says hi

Anyhow, one of the social-media links led to a imitation version of CNBC's real Crypto Decoded website, displaying a page headlined "The Amazon Token Presale is Coming" over a photo of Amazon head honcho Jeff Bezos.

This capitalized on an unverified rumor from last summertime that Amazon was developing its own cryptocurrency — not a huge stretch, as Facebook has publicly declared such intentions and reportedly might soon facilitate NFT transactions.

The faux CNBC site gave y'all only 30 seconds to read through the story before it suddenly redirected you to nonetheless some other website, this one offering the Amazon pre-sale tokens at a "disbelieve" over another image of a smiling Jeff Bezos.

The "Amazon" token site took bang-up intendance to seem legit, Akamai's Katz wrote. The internal links to other sections of the site worked, and if yous were interested in learning more about the bogus cryptocurrency, you needed to set up up an account, go through electronic mail verification and even laissez passer a CAPTCHA exam to prove yous were human.

Don't miss this limited opportunity

Once yous'd cleared those hurdles, you were welcomed to a page that let you purchase Amazon pre-sale tokens using Bitcoin or Ethereum cryptocurrency — simply you'd better not accept too long, because a progress bar on the folio showed that the Amazon tokens were quickly selling out.

This is a classic scam tactic: Create a sense of urgency so that the potential victim doesn't have time to properly investigate a claim and instead moves ahead due to fear of missing out on something.

The site fifty-fifty offered a referral plan through which you'd go a disbelieve on more than "Amazon" tokens if you brought your friends or family members into the scheme.

It'southward all for null, of course. Paw over your Bitcoin or Ethereum tokens to the crooks, and you lot'll never run into them once more.

Akamai wasn't able to tell how much money the scam took in, only it was able to make up one's mind that the suckers who landed on the fake token-offering site were located roughly evenly in Northward America, South America and Asia.

More interestingly, 98% of the site visitors were using mobile devices — 56% Android, 42% iOS — instead of desktop computers on which it'southward easier to run into a site'south URL.

Simply possibly that statistic shouldn't be surprising.

"It's no clandestine," Katz wrote, "that mobile devices have become the main means for consuming social media, gaming, reading news, and communicating via messaging applications, which drives the surge in victims landing on scams via mobile channels."

Update: Amazon argument

Afterwards this story was start published, Amazon reached out to us to provide this argument:

"Nosotros take whatever attempts to misuse our brand seriously. We maintain a site to assist customers in identifying scams, including fake webpages. This is how to tell whether an electronic mail, phone call, text bulletin, or webpage is really from Amazon."

Our Amazon contact furthermore clarified that Amazon has no cryptocurrency offering at nowadays. If you run across anything that resembles such an offering, y'all are invited to written report it Amazon directly.

Paul Wagenseil is a senior editor at Tom's Guide focused on security and privacy. He has likewise been a dishwasher, fry cook, long-haul driver, code monkey and video editor. He's been rooting around in the information-security infinite for more than fifteen years at FoxNews.com, SecurityNewsDaily, TechNewsDaily and Tom's Guide, has presented talks at the ShmooCon, DerbyCon and BSides Las Vegas hacker conferences, shown up in random Goggle box news spots and even moderated a panel give-and-take at the CEDIA dwelling-technology briefing. You can follow his rants on Twitter at @snd_wagenseil.

Source: https://www.tomsguide.com/news/amazon-crypto-scam

Posted by: youngbehere.blogspot.com

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