Crypto Terms:
Letter P
What is Phone Phishing?
Meaning:
Phone Phishing -
the practice of extorting money or sensitive information from individuals through false and harmful phone calls.
Let's find out Phone Phishing meaning, definition in crypto, what is Phone Phishing, and all other detailed facts.
Phone phishing (also known as telephone scam or vishing) is the practice of using false and harmful phone calls to extort money or sensitive information from individuals.
Criminals impersonate trustworthy institutions or parties for personal benefit via phone phishing. They usually call their victims and offer, for example, extended warranties on antivirus software, services, or products, ask for charitable donations, or even suggest free vacations.
Also, criminals attempt to force people into giving money by using fear tactics and various threats. Usually, they attack vulnerable individuals, for example, immigrants, and threaten them with fines, arrest, or departure. To force victims into responding spontaneously, phone phishing schemes also include ultimatums or urgent warning messages.
In the United States alone, phone phishing tactics have cost around $30,7 million in losses in 2021. Unfortunately, phone phishing or any other kind of fraudulent attacks are not going anywhere, thus people should be informed about these attacks to know how to identify and avoid them.
Bitcoin (BTC)<\/strong><\/a> has evolved since the cryptocurrency's inception, although they are far from popular, with just a few companies active in this embryonic sector.<\/p>\n<p>Despite the fact that Bitcoin is a necessary good of the digital age, there has been a lot of interest in procedures like pricing <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private keys<\/strong><\/a> and protecting them in the form of<strong> physical items<\/strong>, or looking for ways to make digital assets feel more like traditional <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat currencies<\/strong><\/a> by using a physical token.<\/p>\n<p>For many people, possessing something physical is very appealing and this was the main reason the industry of Bitcoin decided to create the idea of a physical variation. Some people are also intrigued by the idea of the item becoming a collectible object.<\/p>\n<p>A physical Bitcoin has <strong>three main factors<\/strong>. Firstly is the development of a physical coin, which in itself does not have a virtual value. Secondly, there is a favorable design of the front side of the coin, but this is only performed for cosmetic reasons. Lastly, the design could be a <strong>basic logo<\/strong>.<\/p>\n<p>However, coins that contain an empty, blank side are referred to as blanks. In this scenario, the coin is not loaded with any Bitcoin or Bitcoin addresses.<\/p>\n<h3>How Can a Physical Item Be Transformed Into Bitcoin?<\/h3>\n<p>In total, to transform a physical item into Bitcoin, <strong>two components are required<\/strong>, which are similar to the principle behind <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-paper-wallet/">paper wallets<\/strong><\/a>. The first is the provision of a public key, which is masked from plain sight.<\/p>\n<p>However, it should be available to the owner whenever he needs it. Based on how the physical Bitcoin is constructed and configured, the <strong>holder can see the public key on the backside in a variety of ways<\/strong>. This enables him to spend the Bitcoin held on the real coin.<\/p>\n<p>The second component is the storage of a private key, which is often accomplished with the use of a tamper-proof hologram to provide optimum safety.<\/p>\n<p>Examples of Physical Bitcoins:<\/p>\n<ul>\n<li>Casascius<\/li>\n<li>Alitin mint<\/li>\n<li>Titan Bitcoin<\/li>\n<li>Cryptmint coins<\/li>\n<li>Antana coins<\/li>\n<li>Ravenbit Satoshi coin<\/li>\n<li>CoinedBits<\/li>\n<\/ul>\n<p>Besides, note that there are <strong>several coins that were never materialized<\/strong>.<\/p>","definition":"A physical Bitcoin is a physical token that has a public key and a private key.","status":"published","meta_title":"What are Physical Bitcoins? Definition & Meaning | Crypto Wiki","meta_description":"Physical Bitcoins meaning: Physical Bitcoins - A physical Bitcoin is a physical token that has a public key and a private key.","meta_keywords":null}"
:prev-section="{"id":582,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Phishing","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-07T19:21:05.000000Z","slug":"what-is-phishing","title":"What is Phishing?","section":"P","keyword":"Phishing","content":"<p><strong>Phishing<\/strong> is a practice of tricking people when a scammer poses as a reputable organization or individual in order to deceive people to disclose their personal information. Scammers look for various types of information including passwords, Social Security numbers, <strong>banking information<\/strong>, and so on. Phishing is often performed through malware links that are disguised to look legit.<\/p>\n<p>Phishing can also occur in the form of emails or texts from scammers. They are made to look as if they are sent from legit sources. These fake emails or texts can install malicious programs that would <strong>allow scammers to access a computer or network of their victim<\/strong>.<\/p>","definition":"the practice of tricking people into revealing their personal or confidential information.","status":"published","meta_title":"What is Phishing? Definition & Meaning | Crypto Wiki","meta_description":"Phishing meaning: Phishing - the practice of tricking people into revealing their personal or confidential information.","meta_keywords":null}"
:model="{"id":589,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Voice_phishing","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-16T18:59:14.000000Z","slug":"what-is-phone-phishing","title":"What is Phone Phishing?","section":"P","keyword":"Phone Phishing","content":"<p><strong>Phone phishing<\/strong> (also known as telephone scam or vishing) is \u200b\u200bthe practice of using false and harmful phone calls to extort money or sensitive information from individuals.<\/p>\n<p>Criminals impersonate trustworthy institutions or parties for personal benefit via phone phishing. They usually call their victims and offer, for example, extended warranties on antivirus software, services, or <strong>products<\/strong>, ask for charitable donations, or even suggest free vacations.<\/p>\n<p>Also, criminals attempt to force people into giving money by using fear tactics and various threats. Usually, they <strong>attack vulnerable individuals<\/strong>, for example, immigrants, and threaten them with fines, arrest, or departure. To force victims into responding spontaneously, phone phishing schemes also include ultimatums or urgent warning messages.<\/p>\n<p>In <strong>the United States<\/strong> alone, phone phishing tactics have cost around <a href=https://www.bitdegree.org/"https:////public.tableau.com//app//profile//federal.trade.commission//viz//FraudReports//TrendsOverTime/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>$30,7 million in losses<\/strong><\/a> in 2021. Unfortunately, phone phishing or any other kind of fraudulent attacks are not going anywhere, thus people <strong>should be informed about these attacks<\/strong> to know how to identify and avoid them.<\/p>","definition":"\u200b\u200bthe practice of extorting money or sensitive information from individuals through false and harmful phone calls.","status":"published","meta_title":"What is Phone Phishing? Definition & Meaning | Crypto Wiki","meta_description":"Phone Phishing meaning: Phone Phishing - \u200b\u200bthe practice of extorting money or sensitive information from individuals through false and harmful phone calls.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="P"
current-section="what-is-phone-phishing">
