Singapore police warn crypto users after hackers exploit compromised email accounts
SINGAPORE, Sept 12 — The police have warned cryptocurrency users whose email accounts were recently hacked to chec...
The Singapore police have issued an alert to cryptocurrency users following a rise in cases involving unauthorized access to linked crypto accounts, which have been traced back to compromised email accounts. The police discovered that several affected email accounts had previously been involved in data breaches, potentially exposing users' login credentials.
Scammers could exploit reused passwords from these breaches to gain access to victims' cryptocurrency accounts, taking advantage of those who reuse passwords across multiple online services. The police advised users to use strong, unique passwords, activate multi-factor or two-factor authentication, and regularly check their email security settings for suspicious activity or unauthorized inbox rules.
Users whose credentials may have been exposed are advised to change their passwords immediately and review their cryptocurrency transaction histories and account activity notifications.
Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
