How can homoglyph attacks impact the security of digital wallets and exchanges?

1 answers

• Nov 30, 2021 · 3 years ago
  Homoglyph attacks can have a significant impact on the security of digital wallets and exchanges. For example, a user may receive an email that appears to be from their digital wallet provider or a popular exchange, asking them to verify their account details. The email may contain a link that directs the user to a fake website that looks almost identical to the legitimate one. If the user enters their login credentials on this fake website, the attackers can gain access to their account and potentially steal their funds. To protect against homoglyph attacks, users should always double-check the URLs of websites and be cautious when clicking on links in emails. It is also recommended to enable two-factor authentication for an extra layer of security.
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