Security and Bitcoin

What are Bitcoin scams and how do they work?

If you have been closely following fintech news, you should have read about Bitcoin scams that have become increasingly common on the internet in recent years. Since Bitcoin is one of the most valuable assets today based on blockchain technology, scammers take advantage of uninformed internet users. How do these scammers operate?


The most common way scammers trick people is by sending links to their e-mail addresses and asking them to click and “earn” some Bitcoin. However, these links often install ransomware that can lock the victim’s PC. To unlock it, hackers demand a specific amount of Bitcoin. Instead of earning Bitcoin, victims end up paying it to the scammers.


How do ransomware and trojans relate to Bitcoin scams?

Now more than ever, trojans and viruses that hack webcams or collect personal information are on the rise worldwide due to high Bitcoin prices. Each new Bitcoin price surge attracts more cybercriminals. The data collected by trojans and viruses is later used by hackers and scammers for blackmail or extortion.


How do scammers blackmail victims using stolen data?

Victims often receive an email demanding the transfer of a specified Bitcoin amount to the scammer’s wallet address. If they refuse, scammers threaten to leak their personal data publicly. In some cases, extremely intimate or compromising information may be shared with loved ones or colleagues. This situation is terrifying and silences many victims out of shame.


Although Bitcoin is not completely anonymous, it offers partial anonymity that makes it difficult to trace the real-world identity of these criminals. This is why scammers prefer Bitcoin as a payment method for extortion.


How can antivirus software protect you from Bitcoin scams?

To stay safe from Bitcoin scammers, you need reliable antivirus software with ransomware protection. Modern antivirus tools can detect malicious links and block ransomware before it installs on your device. Some of the best antiviruses for ransomware protection include Kaspersky, Norton, Bitdefender, AVG, and Avast, among others.


What are the best practices to stay protected online?

For optimal protection, always keep your antivirus software updated and avoid clicking links from unknown or suspicious sources. Even legitimate-looking emails can hide dangerous content designed to steal data or money.


Where can you get reliable antivirus software?

If you don’t yet have antivirus software and want to stay safe online, Keys.Discount and Keys.Express offer original software keys for leading antivirus brands. All keys are hosted on our own servers, activation is guaranteed, and our premium customer service is ready to assist you in selecting and installing your antivirus software.