Posted 11 months ago | by Ben Armstrong
Brave Browser Adds Anti-Phishing Technology to Protect Crypto Users
The browser is one of the top options when it comes to browsing the web safely and fastly, with its focus on providing users with privacy and control over their data. To take advantage of everything Brave has to offer, make sure to click here.
Brave Added New Technology to Protect Crypto Users from Phishing Attacks
The private–centric web browser added that this addition will be implementing the open-source technology of an anti-phishing and brand protection company, PhishFort.
PhishFort has already partnered with several crypto companies such as Binance Labs and MyEtherWallet, while being at the forefront of detecting and spreading the word about Web3 phishing scams.
Web3 Phishing Scams are Increasing and Getting More Sophisticated
Previously, PhishFort has written about the rise of scam decentralized apps that claim to be the real thing aiming to fool users into giving up their credentials in the process. In a January report, the company wrote:
“When you’re a crypto-user, your username and password are only the start of your problems—and phishers are beginning to realize this. What’s new about these attacks is that they’re beginning to exploit the specific tools that we use to interface with our crypto.”
On another post, the anti-phishing company said about scams in DeFi apps:
“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.”
With the new integration to Brave, PhishFort provides an ever-updated list of known scams and safe sites for Brave Users. As such, users will be notified when they are treading into unsafe sources by using Brave to interact with Web3 apps.
More Crypto Companies Are Applying Anti-Phishing Tech
The anti-phishing company has been helping companies and crypto holders to protect from phishing attacks. In April, it supported the removal of 49 Google Chrome web browser extensions that targeted hardware and software wallet holders.
Phishing attacks have resulted in millions being stolen from crypto users. According to a report, at least two Electrum wallet holders have lost 1,400 and 36.5 Bitcoin (BTC) to a phishing scam, worth $14 million and $365,000, respectively.
Brave has been being a popular web browser in the crypto community due to its privacy, ad-blocking features, and its Basic Attention Token rewards. The platform has reached 18.3 million monthly active users and keeps growing in popularity.
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