Coinbase CISO breaks down common crypto scam tactics and how to protect yourself

Episode 47 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Coinbase Chief Information Security Officer Jeff Lunglhofer.

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Jeff Lunglhofer is Coinbase's Chief Information Security Officer.

In this episode, Lunglhofer highlights common techniques used by malicious actors in the crypto space and offers suggestions on how to avoid these threats.

The crypto industry lost $336 million in the first quarter of 2024 due to hacks and fraud, according to blockchain bug bounty platform Immunefi.

OUTLINE
00:00 Introduction
01:22 Malicious Actors
03:32 Data Leaks
09:30 Scammer Psychology
10:19 Red Flags
12:57 Phising Frequency
15:06 Victim Recourse
17:57 Security Best Practices
23:21 Scammer Trends
26:46 Coinbase's Security
30:20 Closing Thoughts

This episode is brought to you by our sponsor Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network