Posted 11 months ago | by Ben Armstrong

Brave Browser Adds Anti-Phishing Technology to Protect Crypto Users

Brave has announced the addition of new anti-phishing tools that will improve its security, bringing a safer and better browsing experience to its 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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About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g Brave Browser Adds Anti-Phishing Technology to Protect Crypto UsersBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.