Cybersecurity experts anticipate a rise in crypto phishing scams during December, driven by the Christmas holiday shopping season. In November, over 9,200 cryptocurrency investors experienced losses totaling $9.3 million due to phishing attacks—a significant decrease of more than 53% from October's $20.2 million. Despite the decrease in phishing losses, the holiday season poses new risks as online transactions increase. Deddy Lavid, co-founder and CEO of Cyvers, emphasized the importance of investor vigilance, recommending practices such as verifying communications, enabling two-factor authentication, and avoiding public WiFi for sensitive transactions. Users are urged to avoid signing malicious blockchain transactions without thorough scrutiny to prevent unauthorized activities. Notably, the total amount stolen through hacks in the crypto sector decreased by 15% year-to-date compared to 2023, indicating that while phishing may rise, overall hacks are down. The largest hack recorded in November was worth $25.5 million.

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