The hackers can trap people in a pretty smart way. They will send you an email with a slightly different link of the company or a website that you have been recently trading on. For example, you have been trading on www.tradebits.nl. Hacker might send you a link similar to the official link but the domain will be slightly different in such a way that it skips your sight like www.tradebits.co.nl. Once you open that link and try to login to it, you are in big trouble!
Whenever you receive an Email from your official company, always check the link very carefully. Because it definitely will be a scam. Once you try to Login to your account, it means that the hacker has your password. He may quickly login to the official website using your password and ID and steal all you money immediately.
Nowadays whenever you search for your for your trading company in Google, please make sure that the domain is right. There are SEO hacking traps that use similar domains like the case mentioned above. These sites have the same design & content but in reality, it’s a phishing page. It’s always better to check the link of the page where you are about to enter your login credentials.
Other indirect ways of phishing sites cases are as follows.
- On certain sites, hackers may ask you to download a trojan/virus in form of a security software or something like that. Never do that! Because through that virus, he will access your laptop or desktop immediately and most likely all your personal information.
- On certain sites, hackers may ask you to move your assets to a secured wallet, and once you do that, he will have access to all your assets. It is better to trade on a website which is highly secured or which has state of the art protection mechanism for its users.
If you become a phishing victim, immediately contact the company that you are trading with and also the law enforcement agencies. The quicker you contact them, lower will be the chances to lose your money.
Fraudsters will often host their sites in developing countries with limited law enforcement resources and incentivise the hosting company to keep the site running as long as it possibly can. Indeed, some unscrupulous hosting companies actually promote fraud hosting as a service. So beware of those companies and only trade on platforms that you absolutely trust! Contact the company before trading on them, and make sure that they are not supporting scams. Once you are sure of that, only then start trading on it. It may seem a hectic task but it is absolutely necessary.