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For blockchain businesses, every day could be April Fool’s Day!

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Stephanie Bond
For blockchain businesses, every day could be April Fool’s Day!

Cybercriminals worldwide target blockchain businesses with a variety of attacks including phishing, making a fool of them every single day.

Especially with the weakest links being people, phishing attacks have grown drastically both in number and in sophistication building mistrust in the entire industry.

A good example of this is the phishing attack on the tZero website where scammers created an exact replica of the original website with a weblink Țzero.com instead of Tzero.com - replacing the T with a T-comma (Ț).

As a blockchain business dealing with large-scale financial processes and investment management, Tzero faced the risk of losing money, business and reputation.

However, phishers went an extra mile in creativity, acquiring an https:// certificate for a fake site, tricking users into believing that it was the actual thing.

In addition to creating an entirely similar website in the address of énvion.org, the scammers also got the site an https:// certificate, making it seem all the more genuine.

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Stephanie Bond
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