As digital communication becomes increasingly prevalent, so do the risks associated with it. Recently, there has been a surge in crypto extortion emails targeting individuals and organizations. These emails threaten to release sensitive personal information unless a ransom is paid in cryptocurrency, typically Bitcoin.

Crypto extortion emails often claim to have access to your private data, such as passwords, personal photos, or other sensitive information. The sender may claim they’ve hacked your computer or email account and will expose your information unless you pay them a specified amount in cryptocurrency. These emails can be alarming and convincing, often appearing to come from a legitimate source. However, it is essential to know that these emails are often just scams. Cybercriminals use publicly available information or previously leaked data to create a sense of urgency and fear. Their goal is to trick you into paying the ransom without further investigating their claims.

Tips to Avoid Falling Victim to Crypto Extortion Emails

1. Do Not Panic or Respond: The first and most crucial step is to stay calm. Do not respond to the email or engage with the sender. Responding can escalate the situation and provide scammers with additional information.
2. Verify the Claims: Before taking any action, verify the claims made in the email. Check if your accounts have indeed been compromised by visiting legitimate websites like “Have I Been Pwned” to see if your email or passwords have been involved in a known data breach.
3. Update Passwords and Enable Two-Factor Authentication (2FA): If you suspect your accounts might be at risk, immediately update your passwords. Use strong, unique passwords for each account and enable 2FA wherever possible. This adds an extra layer of security to your accounts.
4. Report the Email: Most email platforms have an option to report the email as Spam or Phishing. Contact NGFCU directly if it claims to be associated with us. Reporting helps to block future attempts and protect others.
5. Educate Yourself and Others: Stay informed about common online scams and share this knowledge with friends and family. Awareness is the first line of defense against cybercrime.

Cybersecurity is an ongoing concern in today’s digital age, and staying vigilant is crucial. By following these tips, you can protect yourself from falling victim to crypto extortion emails. Remember, NGFCU is here to help you navigate these threats. If you have any concerns or receive a suspicious email, do not hesitate to contact us for assistance.

Stay safe and secure online!