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Hackers stole $6.3 billion from Binance—2 habits that take ‘a few seconds’ can help you avoid similar traps
Binance says hackers exploited two of its engineers to gain access to its systems, highlighting how convincing online deception can be. The article focuses on two quick habits that may help people avoid similar traps: pause before downloading unfamiliar material and check claims or identities using independent sources.
In one case, an engineer downloaded malicious software; in another, an employee was approached by someone posing as a recruiter for a fake company and was persuaded by a polished social media profile. The article recommends opening new browser tabs to find authoritative information about unfamiliar people, organisations or software. A lack of independent information can itself be a warning sign.
In short
- Pause before downloading unfamiliar software.
- Verify people and organisations through independent sources.
- A convincing profile is not proof of legitimacy.
Explained simply
Binance is a major cryptocurrency exchange, a service where people buy, sell and store digital currencies. Like other online services, it relies on employees and computer systems to protect access to its customers’ accounts and funds.
Cybercriminals may try to get access by tricking staff into downloading harmful software or trusting someone who is not who they claim to be. These approaches are known as social engineering: they exploit trust and convincing appearances as well as weaknesses in technology.
The same risks can affect anyone who receives unfamiliar files or messages from supposed employers, companies or other contacts. Pausing before downloading and checking identities or claims through independent sources can help people spot warning signs.
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