Definition ∞ Phishing attacks are fraudulent attempts to obtain sensitive information, such as usernames, passwords, and credit card details, by disguising as a trustworthy entity in electronic communication. These attacks commonly leverage deceptive emails, websites, or messages that mimic legitimate sources. Their objective is to trick individuals into divulging confidential data, which can then be used for illicit purposes, including the theft of digital assets.
Context ∞ Phishing attacks remain a primary vector for compromising cryptocurrency wallets and exchange accounts, frequently appearing in news reports detailing user losses. The sophistication of these attacks continues to advance, often targeting users through fabricated support communications or fake investment opportunities. Awareness and rigorous verification of communication sources are critical defenses against such prevalent threats in the digital asset landscape.
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