Brave browser adds new tricks to protect crypto users from phishing attacksSeptember 9, 2020
According to a Sept. 8 tweet from Brave, the privacy-based browser has incorporated open source solutions from cybersecurity firm PhishFort. The aim is to help prevent phishing attacks — a scam that usually involves tricking a victim into giving up personal information with a fake email that leads to a fake website. Brave stated that the firm’s software would detect crypto scams and warn users about suspicious domains.
Details about the integration are scant at present, however a PhishFort report from June said that: “when the reward is as valuable and anonymous as cryptocurrency assets and secrets, these attackers quickly iterate and target the most used and most talked about apps.”
“When you’re a crypto-user, your username and password are only the start of your problems — and phishers are beginning to realize this […] they’re beginning to exploit the specific tools that we use to interface with our crypto.”
The anti-phishing firm has been helping companies used by crypto holders defend themselves from similar attacks. In April, it assisted in removing 49 Google Chrome web browser extensions which targeted hardware and software wallet holders with phishing scams designed to steal their crypto assets.
Numerous users have already lost millions to phishing attacks. Cointelegraph reported last week that at least two Electrum wallet holders lost 1,400 and 36.5 Bitcoin (BTC) to a phishing scam, worth $14 million and $365,000, respectively.
Brave continues to be a popular web browser for many in the crypto community for its privacy and ad-blocking features as well as its Basic Attention Token rewards. As of Sept. 1, the platform has 18.3 million monthly active users.
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