Read on to learn the extent of crypto and NFT scams and how to protect yourself from them. We’ll also let you know about our new product that’s on its way to help protect against these scams (yes, it’s a cyber security Discord bot).
Discord Scamming: Messaging platforms are a gold mine for scammers
Moreover, in the first quarter of 2022 (January to March), cryptocurrency fraud losses reached $329 million, almost half the total crypto fraud losses in 2021 ($680 million)... in a quarter of the time.
What does this data tell us? If not blocked, the number of scams will continue to rise exponentially (as it’s already doing) and threaten mass DeFi and crypto adoption. As the industry changes, morphs, and adapts, so do attackers.
With phishing scams, hackers create fake versions of popular websites and trick users into entering their personal information on these sites. They then use this information to steal money or commit identity theft.
With giveaway scams, hackers create fake accounts and promise to give away free products or services if the user sends them money. Here is a list of other types of scams to be aware of:
Fake NFT drops
Free Nitro scams
Any type of malware
How to protect yourself from Discord Scams
To protect yourself or your community from these scams, you should:
Never enter your personal information on any website that you're not familiar with.
You should also be wary of any account that promises to give away free items or services. If you’re ever unsure about an account or message, you can report it to Discord's support team.
Keep your eyes peeled on what types of links you’re clicking on when they are sent from Discord.
Using password managers can also help you prevent phishing (if your saved credentials don't appear when you click on a link taking you to a questionable Discord website, it’s most likely a phishing attempt, and not actually a Discord website). However, non-browser related password managers are safer.
By taking these precautions, you can keep yourself and your community safe from these harmful scams. There is much more to say as to how the scammers on Discord work (don’t worry, we will iron out the details of it in another article). But what if there is another way to automatically chuck these malicious links out of your server to keep your community safe?
Discord Security Bot: Something is brewing in the Interlock laboratory
We’re currently working on a Discord bot, Bouncer, to block malicious links and phishing sites from infiltrating your Discord public channels. With years of cyber security experience and a robust, enterprise-ready threat intelligence database (including Visual AI), we’re making sure the bot is ready for action and that every channel is safe. It’s currently in beta testing and should be released in a few days, but if you want to you can try it out.
We’re also working on a browser extension which will block out malicious links. It’ll use the same Visual AI and it will be working with our own crypto token, $ILOCK. You can keep up to date with our project by joining our mailing list.
Join the Bouncer Waitlist
If you have your own crypto community which you would like to protect from scammers, you can hire Bouncer to keep the malicious links out of your party. At this moment, it is pretty simple to get access to the bot. All you have to do is post a Tweet saying:
“Hey @interlockweb3, I would like to join the waitlist for the Discord bot! #bouncerbot”
The hashtag will help us identify who would like to use it and get back to him or her ASAP. Once you follow these steps, all the rest is in our hands to provide you with the link to the bot.