Cryptocurrency like Bitcoin has exploded in popularity over the last five years. Those who are really interested in the financial benefits go to great lengths to make sure they have everything they need to be successful.
And just like money in the real world, you need to store your cryptocurrency somewhere. Some users employ online companies to take care of their investments. Others prefer to keep all the details and credentials on their own hardware.
To do that, users need a secure way to protect the data, often through digital keys. Several companies sell digital keys, and most are no bigger than a USB drive. Cybercriminals have noticed this and are attempting to fake their way into the wallets of unsuspecting consumers.
Here’s the backstory
Targeting cryptocurrency enthusiasts who use Ledger’s Nano S and Nano X devices, scammers are trying to steal wallets from customers. The criminals send out fake devices to these users and tell them their current device isn’t secure.
This is naturally not the case, and once users plug the “secure” device into the systems, the criminals will be able to access and steal the content of the wallets.
The appeal in targeting Ledger users stems from the company’s ability to integrate with almost all cryptocurrencies, support various apps, and have sold over 1.5…