Mimecast: How to Protect One’s Crypto From Phishing
Cybercriminals have targeted the cryptocurrency community since bitcoin's inception, and many crypto owners are falling prey to schemes like phishing.
What is phishing?
Phishing is a digital crime where cybercriminals aim to steal a user's private information. Scammers deploy their attack by disguising themselves as trusted organizations or entities to trick a user into mindlessly handing over details like their Social Security number, credit card information, bank credentials, and in this case, crypto wallet details.
Use Multi-factor authentication
There is no surefire way to keep cybercriminals from attempting to breach an organization's system. However, it is possible to make it harder for attackers to succeed in obtaining sensitive information. Multi-factor authentication (MFA) is an easy passive approach for users to secure their crypto wallets.
MFA adds an extra layer of protection on top of passwords for both an organization and an employee. So, a password will not be enough even if a user falls victim to a phishing scam.
Avoid fraudulent emails
Remember, if something looks too good, it probably is. Over 270,000 Ledger wallet users had their emails extracted in 2020. Phishing attacks, like the breach against Ledger users, promise free wallets that are secretly compromised.
Messages that are urgent or prompt a speedy response may also be phishing scams. Other phishing messages may state that if a user does not act now, their account with whatever legitimate organization the attackers are impersonating will be suspended.
Most reliable companies will offer ample time for customers to get their affairs in order. However, it is best to ignore such messages as this is a favorite method for cybercriminals. When in doubt, contact the source directly to clarify the matter instead of interacting with the potentially fraudulent message.
Also, users should scrutinize emails with a sharp eye — especially ones with such grand requests and promises. Keeping an eye on the email's domain and checking for spelling mistakes could be the telltale signs a user needs to identify the phishing scam.
Keep the private keys secure
Users must keep their private keys, the line of letters and numbers used to access their cryptocurrency that resembles a password, private.
A user's private key is something that they should never disclose.
Use an email filter
To protect against spam messages, users and organizations can use a spam filter that can effectively assess the message's origin and the software used to send the message. In addition, a spam filter may determine whether a message is spam or not based on its appearance.
Email filters are the first line of defense against phishing scams of all sorts and will actively scan any emails going through a user's server for spam, malware, and malicious attachments and links.
Prepare! Prepare! Prepare!
The success of phishing attacks hangs on the preparedness and education of the target. Security awareness training on how phishing scams work can go a long way in keeping a company's and a user's crypto safe.
Contact: [email protected]
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Original Source: Mimecast: How to Protect One's Crypto From Phishing
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Intmax Named One of Switzerland Crypto Valley’s TOP 50 Blockchain Projects for 2022
LUZERN, Switzerland, January 19, 2023 (Newswire.com) - Ryodan Systems AG is pleased to announce that its zkRollup project "Intmax" has been selected as one of the Top 50 out of 1135 companies in the Swiss Crypto Valley. The project was included in the CV VC Top 50 Report, a report published by CV VC and Bank Frick that analyzes the best performing blockchain projects in the Crypto Valley.
Intmax Project: https://intmax.io
"CV VC Top 50 Report"
The CV VC Top 50 Report, in collaboration with Bank Frick, is a periodical report that analyzes the top 50 best-performing blockchain projects in Crypto Valley, based on market valuation, funding, and the number of employees. Furthermore, the report highlights Crypto Valley's diverse blockchain and cryptocurrency ecosystem, which consists of universities, banks, VCs, Technology Solution Providers, Law firms, and more.
DOWNLOAD REPORT: https://www.cvvc.com/insights#top50
About Intmax
Intmax is expected to be the world's first Ethereum Layer 2 to achieve both scalability and privacy, and many people from the national and international Ethereum community are participating in the development project and ecosystem. The algorithm has been devised by the project's head and cofounder in 2021 and continues to work towards the goal of protecting the property rights and privacy of Internet users around the world with Ethereum.
Intmax: https://intmax.io
Intmax roadmap
Q2 2023: Alpha version on the Ethereum mainnet.
Q4 2023: Launching Intmax mainnet. Any validators/miners can participate in the network.
Comment from Leona Hioki, the CEO of Ryodan Systems
In Switzerland, where crypto projects gather from all over the world, Intmax is ranked in the top 50 out of 1135 companies. This is a great achievement for the Intmax community. Extraordinary passions for building and using new social infrastructures based on Ethereum cryptography, is what led to this high rating in the joint CV VC and Bank Frick survey. We are confident that people will remember that their first participation in Intmax testnet or seeing this ranking around 2023 was just the beginning of the significant movement.
About Ryodan Systems
Ryodan Systems AG is a Switzerland-based company that develops a zkRollup* called Intmax. It facilitates rollups in a completely new way, different from traditional rollups, and has also obtained a grant from the Ethereum Foundation in 2022, and CV VC and Bank Frick have been selected as Crypto Valley's best performing blockchain projects TOP 50.
*zkRollup is the most popular Ethereum scaling solution that leverages zero-knowledge proofs.
Ryodan Systems AG https://ryodan.systems
Intmax https://intmax.io
Intmax Twitter https://twitter.com/intmaxIO
Intmax Github https://github.com/InternetMaximalism
Mai Fujimoto
Co-Founder
[email protected]
(+81)8043900553
Original Source: Intmax Named One of Switzerland Crypto Valley's TOP 50 Blockchain Projects for 2022
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AIBC to Welcome 100 Influencers and Key Opinion Leaders to Malta Summit
AIBC is attracting at least one hundred top-tier influencers to its Malta summit this November. Taking place at the Malta Fairs and Convention Center this 14-18 November, the five-day event is set to host 25,000 delegates for an incredible supershow. Following previous success, this year's summit will welcome an all-star list of industry thought leaders, and offer unparalleled access to premier networking opportunities, conferences, and expos.
Get a taste of what AIBC Malta has in store: https://www.youtube.com/watch?v=LJD1bXNXVF0
AIBC Malta Brings Top Opinion Leaders Together
With a network cultivated from over a decade spent holding successful events, and leveraging incredible opportunities for cross-pollination between its top verticals, Malta Week is perfectly placed to forge meaningful partnerships and break new ground across the blockchain, fintech, and DeFi landscapes. For attendees, the event will provide invaluable access to unique industry insights and next-level connections.
Bringing a diversity of key thought leaders together, AIBC will maximize the potential for projects and companies to leverage a unique opportunity to link to some of the leading minds in the crypto and emerging tech world. This will enable new and upcoming projects, as well as more established companies to gain the reach they require to take their product to the next level.
Last Year's Highlights
Last year saw 13,500 attendees from over 80 different countries gather for the Malta AI & Blockchain Summit which focused on blockchain, emerging tech, and DeFi specifically. The event saw a slew of big names attend, including Michael Saylor, who was a financial backer of the star of the show, Acta Finance, winner of the "Best DeFi project of the year" award.
The event also stared industry leaders including Dextools.io CEO Pablo Ojanguren, Blockchain Center founder Nick Spanos, CEO of emerging digital health network project Solve.Care Pradeep Goel, international NFT artist Talia Zoref, NextBridge CEO Lars Rinnan, and of course AIBC Summit founder Eman Pulis.
AIBC Americas Summit Debuts in Toronto
More recently AIBC held its long-awaited Americas debut in Toronto, Canada, which saw a buzzing hub of thought leadership and industry insight amongst a selection of big names. The summit platformed some emerging projects and innovators from the Medical Metaverse realm to the next generation of digitally enabled education solutions.
Amongst the list of emerging talents from the AIBC Americas were Michael Turpin, Russell Korus, Davin Michaels, Emma Todd, Cal Evans, and Dr. Lawrence Krauss. The star of the show however was prized Pitch winner myLaminin, a Canadian-based blockchain-enabled document sharing, and verification service.
Don't Miss the AIBC Malta Week 2022
All of the AIBC summits serve as a vital platform for thought-leadership, with a fresh line-up of top influencers spearheading discussions about the future of relevant industries.
A top-tier cast of conference speakers is already in the works, with some leading influencers and policymakers expected to join the discussion, including AMCrypto, Carl the Moon, James Crypto Guru, and Davinci. With exciting, insightful conversations expected on new crypto projects, gamefi, influencer/affiliate marketing and much more, this year's AIBC Malta event is one not to miss.
AIBC Links
Telegram | Twitter | Instagram | LinkedIn
AIBC Malta is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact Information:
Max Jones
[email protected]
Press Release Service by Newswire.com
Original Source: AIBC to Welcome 100 Influencers and Key Opinion Leaders to Malta Summit
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Legacy Suite Says Biden Executive Order on Crypto Could Provide Blueprint for Industry’s Growth
NEW YORK, April 20, 2023 (Newswire.com) - President Biden recently signed an executive order establishing a national policy on digital assets, including cryptocurrencies. The order creates an opportunity for policies that, if designed properly, could promote wider adoption of cryptocurrencies by consumers or businesses, according to Gordon Bell, President of Legacy Suite, developers of a comprehensive digital asset management solution including a crypto wallet and monitoring.
The executive order, signed March 9, recognizes the tremendous scope of digital assets, including cryptocurrencies. The market capitalization of cryptocurrencies is more than $1 trillion, and about 16% of Americans - approximately 40 million people - have invested in, traded, or used cryptocurrencies.
Bell, a Harvard-educated financial analyst with three decades of experience in investment banking and portfolio management, sees the Biden Administration's action as a potential boon for the digital asset field.
"While government regulation can often hinder a business, in this case, we believe a supportive regulatory environment can play a significant role in inspiring the mass adoption of cryptocurrency, by providing a clear legal framework for its use and reducing its perceived risks," Bell said.
The executive order addresses multiple issues, several of them essential to the growth of digital assets. They include:
- Developing policies to protect consumers, investors and businesses.
- Supporting technological advances and responsible development of digital assets, while prioritizing privacy and security and reducing climate impacts.
- Promoting equitable access to safe and affordable financial services, with an approach to digital asset innovation that aids communities lacking access to financial services.
Bell cited the example of the regulation of security token issuances, or any issuances, as a means of providing investor protection and benefiting the crypto sector as a whole.
"Taken as a whole, government regulations can help establish a sense of legitimacy and trust in the cryptocurrency market, providing a level of certainty and stability that is crucial for consumer acceptance," he said.
Bell hopes to see the executive order lead to measures designed to prevent fraud, protect consumers, and ensure that exchanges and other cryptocurrency-related businesses comply with anti-money laundering and know-your-customer regulations.
However, Bell said the Biden policies should go beyond measures that inspire consumer confidence, to providing direct support to the cryptocurrency sector.
One powerful step would be government investment in blockchain technology, the underlying technology behind cryptocurrencies. "That would demonstrate a commitment to innovation and support the development of a robust and secure digital infrastructure," Bell said. "In turn, that would encourage the private sector to develop more use cases for blockchain and cryptocurrencies, which can ultimately spur wider adoption."
Finally, government tax policies also can play a strong role in promoting widespread adoption of digital assets, Bell said. He suggested tax incentives, such as exemptions for certain types of cryptocurrency transactions from taxes, or tax breaks for businesses that use digital assets for payments, as tools to encourage transactions in digital assets.
"Clearly, the Biden Administration recognizes the enormous potential benefits of digital assets, but also the potential risks to consumers from rapid growth with no oversight," Bell said. "Having one unifying framework for the government's cryptocurrency policies can inspire confidence in the market and facilitate the transition to a more decentralized, digital economy."
To learn more, visit legacysuite.com.
About Legacy Suite
Legacy Suite is a complete end-to-end solution providing first-class digital estate planning support, including wallet monitoring and crypto wallet. Legacy Suite is a secure solution for crypto self-custody and password management, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin.
Contact Information:Madeleine Moench
[email protected]
Original Source: Legacy Suite Says Biden Executive Order on Crypto Could Provide Blueprint for Industry's Growth