Definition ∞ Phishing social engineering is a malicious cyberattack technique that manipulates individuals into divulging sensitive information, such as private keys or login credentials, by impersonating a trustworthy entity. Attackers typically use deceptive communications, like fraudulent emails or websites, to trick victims into performing actions that compromise their digital assets or security. This attack exploits human psychology and trust.
Context ∞ Phishing social engineering remains a persistent and significant threat within the cryptocurrency ecosystem, frequently targeting users of exchanges, wallets, and decentralized applications. These attacks can lead to direct theft of funds and loss of access to digital assets, causing substantial financial harm. News often reports on new phishing campaigns and provides warnings to users about staying vigilant against such deceptive tactics, emphasizing the need for robust personal security practices.
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