Saturday January 23, 2021
Bitcoin (BTC) $31,941.00   Ether (ETH) $1,232.92
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Wallets

Crypto wallet Cobo adds anti-phishing function for additional security layer

Published by CryptoNinjas.net
10/22/2019
Cobo Wallet

Cobo, a bitcoin and cryptocurrency wallet application, announced it has implemented an anti-phishing function that enables users to activate an additional layer of security.

Once a user has enabled their anti-phishing code, it will be embedded in all authentic emails sent from the trusted party, in this case, Cobo. This code will help users differentiate between real emails from phishing scams, thereby keeping their user credentials and funds safe.

What is a Phishing Attack?

Phishing is a social engineering attack where a malicious actor attempts to obtain sensitive information such as usernames, passwords, or 2-FA codes, by disguising themselves as a trusted party through a seemingly legitimate electronic communication. This is often achieved through email spoofing, fraudulent websites and links, fake social media accounts, and chats impersonating as support teams.

These attacks rely on the notion that people are simultaneously the strongest and weakest link in a security system. Hence, rather than attempting to break through a strong defensive barrier, phishers seek to achieve their aims by piggybacking off of a human error. As a result, it’s important to remain vigilant when reviewing all electronic communications, even if the message is from a seems trustworthy.

Common red flags include:

  • A message containing subtle spelling mistakes, strange syntax, or irregular phrasing
  • A message sent from a derivative or misspelled domain name (ex: www.cobo-wallet.com, www.ccobo.com, etc.)
  • An email asking you not to reply (an email spoofer will not receive the emails, it will go through to us)
  • Messages pressuring you into some sort of immediate action by creating a sense of urgency. (ex: an email threatening account expiration and asking for immediate user credential verification)

How Does Cobo’s Anti-Phishing Code Work?

To set up the anti-phishing code, users must load their wallet app and go to the “Security” page, and find “Anti-phishing code.” The Cobo team decided that since this is a new feature it is automatically disabled. All users must do to activate the code is to click on the “Not linked” button.

Users will be prompted to enter an anti-phishing code of choice. The code must be between 4–20 alphanumeric characters. Cobo will then email the user a verification code to the address linked to their account. Once the verification code is entered into the prompt, the new anti-phishing code has been successfully created. From then on, every legitimate email received from Cobo will contain the code that has been set.

“While it may seem superfluous to activate so many separate layers of defense, it’s important that crypto enthusiasts stay as safe as possible in the face of increasingly frequent and sophisticated attacks. As a result, we encourage our readers to enable additional security features such as Cobo’s anti-phishing code, as well as any similar options on other frequented crypto/wealth management platforms. And as always, stay mindful regarding all aspects of your digital life and be sure to regularly update your operating system, web browsers, and antivirus software.”
– The Cobo Wallet Team

9
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Crypto wallet Cobo adds support for Binance Smart Chain

01/22/2021

Crypto mining platform BitFuFu to integrate Cobo wallet onto into user interface

01/11/2021

Cobo cryptocurrency wallet v4.3 adds crypto index funds

08/13/2019

Cobo urges blockchain devs to improve security as Copay wallet hit with critical security breach

11/27/2018

Cobo crypto wallet gets $13 million investment to expand, adds cold storage

10/17/2018
Cobo Wallet gets funding from Linear Venture, FreeS Fund and IMO Ventures

Cobo wallet gets funding from Linear Venture, FreeS Fund, IMO Ventures

05/07/2018
Load More

Discussion about this post

Recent Updates

Blockchain supply chain solution SUKU releases social impact DeFi protocol

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version