Phishing Campaigns Abusing Web3 Platforms Increased by 482% in 2022

Web3 platforms have surged in popularity over the years and continue to catch headlines with billion-dollar investments as well as significant downturns. According to McKinsey, despite early funding issues, adoption of Web3 applications has occurred at an exponential pace, which has led to many industry professionals questioning how safe and stable these platforms are. Web3 platforms are designed to make content hosting more available to individuals, evade censorship, guarantee access to the published content and avoid technical problems like server management, making these platforms attractive for threat actors seeking to host malicious content. Upon analyzing credential phishing campaigns that reached… [Continue Reading]