Cyprus police issue a warning against increasing short messaging fraud that targets

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The fraudsters across the SMS to steal the login details.
Frauds fell 56 %, but telegram fraud increased more than 2000 % since November 2024.
Empowering 2FA, do not share accreditation data, and reported immediately suspicious messages.

Cyprus police issued a warning amid an increase in fraud plans via SMS investors. The authorities have noted that the fraudsters impersonate Binance, a major encoding exchange, to deceive users to detect sensitive login details.

Fraud details

Fake text messages come “Try to log in unauthorized entry from a foreign country” At the account of the acquisition for the recipient. The recipient is required to see a specific phone number, through which the artists try to obtain login details and access the recipient accounts. Cyprus Post, Under reporting the electronic crime unit, the messages are verified as fake, and the police asked the public to refrain from responding or interacting with the perpetrators.

While Binance has not yet made a public statement on the last short messaging fraud, the stock exchange has a busy record of combat fraud. In August 2024, Binance announced that it had prevented more than $ 2.4 billion from potential fraud during the first half of the year, and to protect more than 1.2 million users. However, the company was running with the organizers, like a major fine of more than $ 4.3 billion in November 2023, claiming that federal money laundering and penalties break.

Lading trends wider

The new numbers of Scamsniffer indicate that fading operations have stolen victims of more than $ 10.2 million of cryptocurrency in January of more than 9,000 victims less than 56 % from December. Despite the decrease, the outbreak of telegrams, the most prominent of which is “Fake protection” Frauds have increased by more than 2000 % since November 2024, with more than 300 fake accounts per day.

In response to these increasing threats, the Cyprus Electronic Crime Department stressed the importance of vigilance. The authorities recommend that all encoded currency users:

Empowerment of dual -factor authentication (2FA): add an additional layer of safety to prevent unauthorized access.
Do not share the login approval data: Avoid sharing passwords or other personal information, even if the request comes from a reliable source.
Reporting suspicious messages: Local authorities immediately report if you receive any suspicious SMS messages.

By following these guidelines, users can reduce the risk of a victim of online fraud. The police continue to monitor the situation closely and urge everyone to be careful when dealing with unwanted messages related to the encrypted currency accounts.

With the development of electronic threats, the security measures adopted by both users and institutions must be approved. Stay in view and caution remains the best defense against this advanced fraud.