Fraud Prevention Measures
FRAUD PREVENTION, HACKING RISKS AND SECURITY MEASURES - Protecting Your Digital Assets: A Guide to Wallet Security
Ensuring the security of our users’ wallets and digital assets is of utmost importance to us and remains our highest priority. This guide outlines essential fraud prevention and security measures to help protect users’ digital assets. Our security approach aligns with EU MiCA Consumer Protection regulations and other global standards, providing proactive steps to prevent wallet hacks and clear response procedures in the event of a security breach.
To minimize the risk of unauthorized access, fraud, or hacking, follow these best practices:
Use Strong and Unique Passwords
Create a complex password that is difficult to guess.
Avoid using easily identifiable information such as birthdays or common words.
Consider using a password manager to generate and store strong passwords securely.
Enable Two-Factor Authentication (2FA)
Activate 2FA on your wallet and all associated accounts to add an extra layer of security.
Use authentication apps (e.g., Google Authenticator) instead of SMS-based 2FA for enhanced protection.
Avoid accessing your wallet on public Wi-Fi networks, as they can be easily compromised.
Use a VPN (Virtual Private Network) when managing crypto transactions to enhance privacy and security.
Never share your private keys, seed phrases, or login credentials — VISION MAKERS LTD will never request this information.
Be cautious of emails, messages, or fake websites impersonating VISION MAKERS LTD’s official channel platforms.
Always verify URLs before entering your wallet credentials.
Keep Software & Devices Updated
Regularly update your wallet software, operating system, and antivirus software to protect against security vulnerabilities.
Enable automatic updates where possible to ensure timely security patches.
Utilize Cold Storage for Added Security
Store a portion of your digital assets in cold storage (hardware wallets) to protect against online hacking attempts.
Ensure your recovery phrase is securely stored offline and never shared digitally.
If you suspect unauthorized access or experience a security breach, follow these steps:
Account Monitoring & Suspicious Activity Detection
Regularly review your wallet transactions for any unauthorized activity.
Enable security alerts and notifications to be immediately informed of any unusual access.
Immediate Action Steps to Mitigate Risk
If you notice any suspicious activity, immediately disconnect from the internet and log out of all wallet sessions.
Change your wallet password and 2FA settings if you suspect an attempted breach.
If your wallet has been compromised, it is recommended to transfer assets to a new secure wallet immediately.
Use a different, secure device when setting up your new wallet to prevent further risk.
Staking & Fund Transfer Security
If your staked funds are at risk, a secure verification process may be required before transferring them to a new wallet.
Fraud Prevention, Hacking Risks and Security Measures
Always confirm the legitimacy of withdrawal requests to avoid phishing attempts.
User Responsibility & Enhanced Security Measures
As a decentralized platform, users are responsible for safeguarding their own assets and following security best practices.
If a breach occurs, contact VISION MAKERS LTD immediately and we will provide guidance.
Global Cybersecurity Organizations & Awareness Platforms
National Cyber Security Centre (NCSC – UK) – https://www.ncsc.gov.uk Provides cybersecurity guidance, phishing alerts, and best practices for individuals and businesses.
Europol’s No More Ransom Initiative – https://www.nomoreransom.org Helps ransomware victims recover their files and provides resources on cybercrime prevention.
Cybercrime Support Network (U.S.) – https://www.fightcybercrime.org Offers education and support for victims of cybercrime, including phishing, fraud, and hacking.
Stop. Think. Connect. (U.S. Dept. of Homeland Security) – https://www.stopthinkconnect.org A public awareness campaign providing tips on online safety, phishing prevention, and scam awareness.
Crypto-Specific Security & Scam Awareness
Bitcoin.org Security Guide – https://bitcoin.org/en/secure-your-wallet Covers wallet security, phishing risks, and best practices for protecting digital assets.
CryptoScamDB – https://www.cryptoscamdb.org A community-driven database of known crypto scams, phishing websites, and fraudulent platforms.
Chainabuse (Blockchain Anti-Fraud) – https://www.chainabuse.com Allows users to report and track crypto scams, suspicious wallets, and fraudulent activity.
REKT Database (Crypto Hacks & Exploits) – https://rekt.news Monitors and documents high-profile crypto hacks, phishing attacks, and DeFi exploits.
Anti-Phishing Tools & Browser Security
Google Safe Browsing (Check for Malicious Sites) – https://transparencyreport.google.com/safe-browsing/search Users can check if a website is flagged as unsafe due to phishing or malware.
ScamAdviser (Website Trust Checker) – https://www.scamadviser.com Evaluates website trustworthiness and detects potential scams.
Mozilla Phishing & Malware Protection – https://www.mozilla.org/en-US/security/phishing Provides phishing prevention tools and browser security recommendations.
Microsoft Security Intelligence (Phishing & Scam Alerts) – https://www.microsoft.com/enus/security-intelligence Updates on the latest phishing attacks, malware threats, and security vulnerabilities.
Dark Web & Data Breach Monitoring
Have I Been Pwned? (Check if Your Email or Passwords Were Exposed in Data Breaches) – https://www.haveibeenpwned.com Allows users to check if their email addresses or passwords have been compromised in past breaches.
At VISION MAKERS LTD, we prioritize the security and protection of our users. By implementing robust fraud prevention measures and adhering to established incident response procedures, we strive to minimize security risks and enhance the safety of our users’ digital assets For questions, security concerns, or need assistance please email us at: [email protected]
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