Scammers in the crypto world employ various techniques to gain access to their victims’ Web3 wallets, with phishing attacks being among the most common. A phishing attack occurs when a scammer shares a malicious link with their target, directing them to a platform that could drain their crypto wallets.

So, what should you do in case you accidentally click a suspicious link? Here are five steps you need to take immediately to stop a disaster.

Disconnect from Internet Immediately

Once you realize that you are being targeted using a phishing link, the first step is to disconnect your device from the internet by turning off mobile data or the WiFi. Doing this prevents malware from relaying any data to external servers. If you land on the scammers’ platform before switching off your internet, avoid pressing any buttons on the page to minimize security risks.

What if you opened the phishing link through a work device? In that case, it’s vital to notify your organization’s IT department immediately to block the scammer from spreading their malware across the company’s network.

Change Passwords

After the initial threat is addressed, identify accounts linked to crypto wallets, emails, social media, and banking, and change their passwords. It is advisable to use an unaffected, secure device when resetting these passwords. In addition, ensure each password is unique and strong, and enable 2FA (two-factor authentication) if possible.

By replacing compromised passwords immediately, you essentially prevent the scammer from taking any further unauthorized actions on your accounts, thus helping to keep your crypto assets safe.

Conduct a Full Security Scan

Carrying out a full inspection on your device to detect any potential threats after changing your password is recommended. To run a thorough scan on your computer, use a reliable anti-malware or antivirus software, which will detect and get rid of all malicious files downloaded via the clicked phishing link. If you clicked the scammers’ link using your mobile phone, clearing the cache and deleting suspicious apps is vital.

After running a full scan on your device, update its operating system to fix any vulnerabilities that could be exploited by attackers.

Monitor Your Accounts for Unauthorized Activity

You should stay alert even after taking measures to secure your device. We advise monitoring your internet-connected accounts regularly to detect suspicious activity, including unexpected crypto transactions or unfamiliar logins. In case you notice any of these unauthorized activities, quickly contact your crypto exchange to freeze the affected account.

One effective way to monitor your accounts is by enabling real-time alerts that update you whenever someone attempts to initiate a transaction or make changes in your account, such as resetting passwords.

Report the Phishing Incident

Do not keep quiet after you have secured your devices! Instead, report the phishing incident to the relevant authorities. Most countries have agencies dedicated to fighting cybercrime. For instance, if you’re in the United States, share the details of the attempted phishing attack with the Internet Crime Complaint Center. In the United Kingdom, report the cybercrime to Action Fraud. Additionally, the suspicious link can be shared with Google Safe Browsing, designed to block such threats.

As mentioned, scammers are constantly devising new ways to target crypto users. Therefore, to protect yourself, learn the latest trends in the cybersecurity space and take necessary protective measures.

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