The Internet is a wonderful technological innovation of mankind. When Tim Berners-Lee created the Web, little did he know that it would also become a medium for fraudulent actions. His intention was to design the world for a more educated and interactive society, where people could relate to each other, regardless of their geography. Unfortunately, it has also attracted malevolent users who strive to trick people into stealing their goods.
Although there is no set way to scam people on the web, online scammers use idiosyncratic schemes to cash in on people’s hard-earned money. However, there are several ways to protect yourself from these scams, especially those in the latest Web3.
How, then, can you protect yourself from scams and stay safe in Web 3.0?
Since scam always gets money illegally, what is important in web3 regarding scam is to protect your digital account where your money is stored. Implementing the following eight tips will ensure that your account is safe and secure from hackers lurking on the web.
1- Do not download unknown files.
Thieves may ask you to download a jpeg, PDF or other document. Do not click or download them if they look suspicious or harmless. They are usually tampered with malicious code that can compromise your accounts and sometimes wallets and other accounts connected to your mobile phone or computer.
2- Make sure you download the official app or extension from the web.
If you are downloading any web3 app or extension, make sure you do it directly from the website. Most scammers make copies of apps. Therefore, to confirm the authenticity of the application, check the ratings, number of downloads, and developer information; This will reveal some inconsistencies if it is a cloned app.
3- Do not disclose your seed phrase
Your seed keyword is used to import an existing wallet. If the thief gains access to it, he can access your wallet from another device, change the password and steal the assets. To avoid this, protect the phrase and never make it public.
4- Giving up tempting rewards or exaggerated returns
Everyone loves gifts. Most scammers use these simulations to lure users into their illegal investment scheme or plan. They can propose or tamper with the APY, as the case may be, to lure users from legal investments to their own.
5- Use two-factor authentication
Two-step authentication is another form of protection that ensures that your accounts are safe on websites that use this method of verification. Two-Factor Authentication (2FA) uses two different processes, or layers, to check who is trying to access your account.
When you log into your account, after entering your password, you will receive additional login codes, and a one-time password, to verify that you have not been hacked.
6- Do not click on hyperlinks or links in messages.
Messages from strangers with links should be avoided at all costs, as they are usually messages you receive unexpectedly in your inbox. Scammers can send you emails containing internet links that could compromise the security of your account if you click on them.
7- Consider using a cold wallet to store your assets
A cold wallet or “cold wallet” is an external wallet that is not connected to the internet, that is, hackers cannot access it unless it is physically in their possession.
8- To protect your wallets and applications, use a strong and new password.
Passwords give you access to your wallets. Use a password manager to store passwords for every app, web page, wallet, and more.
Using the same password on all accounts is very risky, as if someone discovers one, they will gain access to the others.
Finally, remember that protecting the account containing your wallet is crucial. Find and follow security measures, traditional or innovative, that protect you from hackers or fraudulent activities.
Also Read: Stablecoin Volume Hits Record R$38 Trillion in 2022
Also Read: Android Trojan Affects Nearly 100 Bitcoin and Cryptocurrency Wallets
Also Read: BNB Chain’s Unique Wallets Overtake Ethereum to Become the World’s Largest L1 Blockchain