How is money being stolen from ICOs exactly?

[sparkystacey]

There was a headline today via Reuters citing ICOs are being hit by attacks from cyber criminals 100 times a month on average. Moscow-based cyber security firm Group-IB analyzed 450 attacks on ICOs in 2017 and found that attacks increased tenfold over the period. In total of the $3.7 billion raised by ICOs to date, $400 million of that has been stolen by cyber criminals. Among the most common attacks on ICOs are phishing attacks, where cyber criminals try to steal login credentials via spoofed emails and websites.

https://www.fastcompany.com/40520989/initial-coin-offering-projects-are-a-magnet-for-cyber-criminals

Are these people just sending their own wallets to have people send money or are they actually hacking the contracts or company wallets? Can you all share some stories of what happened and the damage?

[Tatzky]

According to our training in security and privacy,  phising site is very common to scam people, someone will send you link that you win something and you need to registered your email first with your password, asking also your bank accounts and bank details,  scam starts in that way, so in the office it's advisable not to open unfamiliar sites or link send by some one that are not on your office mate list.

Second is someone will pretend to be from the IT department asking your account and password to process something, this might be valid when you do use a company email but first call department concern and ask about this person's information or direct ask your supervisor if some thing's going on.... He might not be real Staff from your company or no longer part of the company, and the best thing to do is keep your password with you and don't share it to anyone.....

Attacker will attack you from any side.... At anytime so be careful..