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Phishing Campaign Targets Users of Crypto Exchange GMO Coin - Finance Magnates

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GMO Coin, the cryptocurrency exchange subsidiary of the Japanese internet giant GMO, has warned its users across the world about a new scam that has spread over the past week.

The company, which was slapped with abusiness improvementorder by Japanese regulator (FSA) last year, said the campaign attempted to trick users into accessing a phishing site through clone ads on the search site “Yahoo! JAPAN” where crooks tried to obtain their login credentials. And once they’re opened, the damage spreads quickly.

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“In the search site “Yahoo! JAPAN”, an advertisement is disguised as our company, and after guiding a false login page, a malicious fraud is confirmed to enter important information such as the customer’s login e-mail address and password,” the company says.

The fraudulent ads are a classic example of phishing attacks: websites that look official and encourage people to enter personal information and...(continued)

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