Ned2S (evm/acc)
@ned2s
2FA Can no longer protect us from phishing Attack. Humanity Protocol provide new ways of Decen Security Deep drive the threads ā¬
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Ned2S (evm/acc)
@ned2s
šµļø Because phishing attacks causes widespread and persistent damage. Why do we need to prevent phishing attacks ? Let's see how much damage they cause to the crypto market 1. Bitcoin - Total damage in 2024 from phishing attacks reached as high as $10.05 Billion. 2. Ethereum - Major damage that affected Ronin Chain with a value as high as $2.36 Billion. 3. Tether (USDT) - The main target of phishing attacks. focuses on stablecoins because high liquidity. in 2023 there were thefts of up to $50 million USDT_TRX next..ā¬
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Ned2S (evm/acc)
@ned2s
š° " Infostealers are increasingly used to target wallet credentials stored in browsers or unsecured environments " Terence Kwok, CEO and Founder of @humanityprot , told the Crypto Radio. šµļø 2FA can't protect your forever, 2FA is often stolen through advanced techniques that hackers like to use and it causes severe damage. Biometrics and encryption the new standard. more effective defenses against any cyberattacks. Portable biometric devices are easy to carry like a cards. it's external hardware that's convenient to carry but doesn't have data in your mobile phone. if you phone or computer is compromised, your data are risk. but your biometric data stays protected.
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Ned2S (evm/acc)
@ned2s
š° Humanity Protocol was a decentralized identity " By integrating non-invasive biometric methods directly in to the user authentication layer, decentralized systems can verify the presence of a real and singular human at critical points of interaction. this not only prevents automated attacks, but also requiring centralized control " Terence Kwok, said. Humanity protocol develop the Palm scans and offline keys could protect against rising phishing attacks @humanityprot
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