Cyber-risk expert shares tips how to protect yourself from cryptoscams
David Derigiotis, a cyber-risk expert with Burns & Wilcox, says only invest what you are willing to lose – while giving us some tips that indicate that you are about to become a victim of a scam.
FOX 2 – “Anytime it’s ‘You need to give me something first, and I’ll give you something bigger in return, that is a big red flag,'” said David Derigiotis.
But people are still getting duped by this get-rich crypto currency scheme — including a couple in Troy – who police say was contacted by two people via WhatsApp and Telegram.
The predators promised they could make them a lot of money by trading Bitcoin. Over six weeks and several transactions later – they invested $44,000 worth of Bitcoin into websites that turned out to be a scam.
Police say the victims believe to be making profits from their investments, but when they attempted to access their funds, they were told the accounts were “frozen” until they paid a 13 percent service fee. The victims then realized they were being scammed and filed a complaint with the FBI Internet Crime Complaint Center.
“What it boils down to is, you need to know who you are working with, their credentials, their history, their resume, their pedigree they have,” said Derigiotis. “It can’t be some fly-by-night person or organization with some get-rich-quick scheme.”
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