HOW TO SECURE YOUR BINANCE ACCOUNT FROM PHISHING AND SCAM

Have you ever been tailed by a group of Scammers? Or experienced a Phishing attack that keeps coming to your mail over and over again. One thing is certain, while you're working hard to make money the legitimate way 24/7 for 365 days, someone elsewhere is investing same energy, time and resources to be the bad player at all cost. They come at you at every slightest chance possible using Social Engineering tactics like phishing, luring &impersonating Binance, Binance Staff, Binance Customer Service, Binance admins/Angels. So expect Scammers in any of the mentioned impersonating forms.

2020 through August 31, 2021 has witnessed a skyrocketing of Crypto-related scams where over 7,000 people has reported losses of more than $80 million. According to Federal Trade Commission (FTC) Consumer Sentinel report that losses has risen to nearly 1,000% which reflects a 12-times increase in the number of figures compared to a year ago.

Because of the escalating rise in Crypto scams being reported on a daily basis by victims of various scams, it is very important to be aware of common types of scams and ways to protect yourself from being tricked or victimised.

ƘEY TAKEAWAYS

1. SOCIAL ENGINEERING.
• HOW TO SPOT BINANCE IMPERSONATION SCAM.
• TWITTER BOT SCAMS.
• WHAT IS PHISHING.
• PHISHING EXAMPLE.
• HOW TO SECURE YOURSELF FROM FURTHER ATTACKS.

2. BINANCE SECURITY TIPS
• *HOW TO SETUP ANTI-PHISHING CODE IN BINANCE.
• *HOW TO SETUP 2FACTOR AUTHENTICATION IN BINANCE.

Social engineering is the art of manipulating people so they give up confidential information. Criminals use social engineering tactics because it is usually easier to exploit your natural inclination to trust than it is to discover ways to hack your software. The images below are criminal impersonation of Binance Social channel to lure victims.

Binance or it's staff will never ask any Binance user or Community member to send money to acquire a particular reward or Giveaway nor will Binance ask you to move your funds to any wallet, anyone impersonating Binance to ask users to move their funds to a given wallet because of any Binance upgrade is a Scammer, always know that Binance is a Centralized Exchange which can undergo any upgrade without affecting your funds or ask you to move your funds around, Binance will always post notice of upgrades/updates in the official Twitter Channel, Telegram, Instagram, Facebook, or send update notice to your registered mail and will also send a push notifications to your Binance App. You can turn on Pop-up Binance notification on your app by using the image description below

Have you ever had issues with your Binance account and you thought that if you posted the issues under one of Binance Official Twitter post that maybe you could get a faster help.... Few minutes later an unknown twitter user replied to your comment with luring information like the image below

These what is called Twitter Bot, bots rely on stealth. As artificial automations, they can pretend to be real people, liking your tweets and content. Or they can act as malicious bots that try to intimidate, bully, persuade, and incite you to believe things that may not be true and act in ways that are fueled by false information.

Cybercriminals have used Twitter bots to spread malicious content that contains malware to large groups of Twitter users at the same time. You can help protect yourself against such malware by not clicking on links in tweets and other communications from unknown or suspicious sources that isn't from Binance.

WHAT IS PHISHING? Phishing is one of the most wide-spread and common cyber attack technique. ... A phishing attack happens when a malicious actor poses as a reputable entity or business in order to deceive people and collect their sensitive data, such as credit card details, usernames, and passwords.

The above image is a clear example of a phishing email attack that lures people into clicking on the bounty link which then takes you to a malicious site to steal any information you enter on the site.

To protect yourself from further attacks especially when you're not too certain who the sender might be, you can go ahead to crosscheck from these official Binance Channels if such campaign is ongoing.
• Binance Twitter
• Binance English Telegram
• Binance Facebook
• Binance Instagram
• Binance Blog
• Binance Customer Service

After crosschecking from all the listed official medium, including contacting the Customer Service to report the mail if it's actually from Binance or not, the Binance Customer Service will guide you on what to do to stay safe from impersonating phishing mails, another alternative is to report spam to stop receiving further mails using the steps on the image below.

Another way of differentiating between a mail sent from Binance and a phishing mail is by setting up an Anti-Phishing Code. Setting up your Anti-Phishing Code on your Binance account is one recommended security method to ensure that every mail that comes from Binance will include your Anti-Phishing Code which will help keep you from being a victim to phishing. Watch video to learn how to enable Anti-phishing code.

Another recommended layer of securing your Binance account is by enabling 2 FACTOR AUTHENTICATION which act's like a second lock to your account at all times when logging in or performing transactions. Learn how to enable 2 factor authentication by watching these video.

Always make sure you update your browser App to the latest version at all times, because browsers like Chrome or Mozilla Firefox will always put up a warning when accessing a malicious site. It's very important to keep all Apps up to date to keep one safe from malicious exploits.

Incase you're still new to Binance you can click to Signup now to receive a $100 welcome bonus and 15% discount on Trading fees.

You can also read up on:
• A Complete Guide to Secure Your Binance Account
• 8 Common Bitcoin Scams and How to Avoid Them
• Secure Your Binance Account in 7 Simple Steps
• How to Spot Scams in Decentralized Finance (DeFi)