Coinbase CISO breaks down common crypto scam tactics and how to protect yourself

The Block2024/07/25 10:22

By:The Block

Quick Take Coinbase CISO Jeff Lunglhofer provides an overview of common tactics used by crypto scammers and how to protect against them effectively.

Episode 47 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Coinbase Chief Information Security Officer Jeff Lunglhofer.

Listen below, and subscribe to The Scoop on YouTube , Apple , Spotify , Google Podcasts , Stitcher , or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]

Jeff Lunglhofer is Coinbase's Chief Information Security Officer.

In this episode, Lunglhofer highlights common techniques used by malicious actors in the crypto space and offers suggestions on how to avoid these threats.

The crypto industry lost $336 million in the first quarter of 2024 due to hacks and fraud, according to blockchain bug bounty platform Immunefi.

OUTLINE
00:00 Introduction
01:22 Malicious Actors
03:32 Data Leaks
09:30 Scammer Psychology
10:19 Red Flags
12:57 Phising Frequency
15:06 Victim Recourse
17:57 Security Best Practices
23:21 Scammer Trends
26:46 Coinbase's Security
30:20 Closing Thoughts

This episode is brought to you by our sponsor Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network

The Block Community
The Block is launching a new community experience for fans of The Scoop! Follow us on Lens to stay in the loop: hey.xyz/u/theblockcommunity

The Block Newsletters
The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.