"The bot calls are crafted in a very skillful manner, creating a sense of urgency and trust over the phone. The damage is hard to quantify now because the bot attacks are relatively new. The fraud tool is called a one-time password, or OTP, bot.Ī report produced by Florida-based cybersecurity firm and CNBC contributor Q6 Cyber said the OTP bots are driving substantial losses for financial and other institutions. In taking action they think will protect them, they actually expose themselves to thieves. If this (is) not you, please press 1, to complete precautions recovering your account." The call lasted just 19 seconds.īut this new type of fraud goes right at that 2FA code, and it uses people's fear of their accounts being hacked against them. This was requested from a Canada IP address. We have detected unauthorized activity due to failed log-in attempt on your account. When Apgar picked up the phone, a female voice said, "Hello, welcome to Coinbase security prevention line. Like millions of investors across the country, their account is with Coinbase, the country's largest cryptocurrency platform.
By December, their account had grown to about $106,000, mainly held in bitcoin. The Apgars, who are both Maryland-based obstetricians, began investing in cryptocurrency several years ago. It's the kind of nightmare many crypto account holders around the country are facing as hackers target a boom in the industry, cybersecurity experts said. That was when the couple's nightmare started. The warning, which he said was a text message, prompted him to pick up his phone. "When she picks it up, a banner came across, a notification that says, 'Your account's in jeopardy,'" he said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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