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The cryptocurrency-powered Brave browser has announced it incorporated the open-source solution from cybersecurity firm PhishFort to protect its users against cryptocurrency phishing attacks.
Phishing attacks essentially involve tricking a victim into giving up personal information, usually by getting the victim to access a website that looks similar to that of a legitimate company or service, but that is under the attackers’ control.
PhishFort has already partnered with other cryptocurrency firms including MyCrypto and Binance Labs. It has been at the forefront of detecting phishing scams in Web 3.0, and even published several reports on the scams in collaborations with crypto firms.
In one of these reports the firm details that when a “reward is as valuable and anonymous as cryptocurrency assets and secrets,” the attackers “quickly iterate and target the most used and most talked about apps.” The report adds:
They use a combination of urgency, fear of missing out, and fear of being negatively affected (by a hard fork, ICO, token migration, or other actionable item) with the hopes that the targeted person will act quickly and never notice they are interacting with a malicious application.
The anti-phishing firm’s solution is a list of known scams and safe sites, that is likely going to be integrated directly into the Brave browser, so users are alerted in real-time when they interact with known malicious applications while browsing Web 3.0.
Details of Brave’s integration with PhishFort aren’t clear. The integration is likely going to help Brave’s 18.3 million monthly active users stay safe, even though according to the firm’s CEO most do not use the browser’s built-in cryptocurrency features.
Another browser allowing users to surf Web 3.0 is Opera. It has added crypto wallet top-ups to the UK, Europe, and a few other countries. The browser revealed in July it had 170,000 monthly active users taking advantage of its crypto features, but it’s unclear whether it has any anti-phishing protection.