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SEAL Launches System to Verify Sneaky Crypto Scam Sites

Key Takeaways

  • ​SEAL has launched a new tool to help experts confirm if suspicious crypto websites actually show harmful content;
  • Phishing sites often hide real content from scanners, but SEAL's system captures what users see using cryptographic verification;
  • By generating signed digital records of website content, SEAL allows researchers to verify scams without directly visiting risky sites.

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SEAL Launches System to Verify Sneaky Crypto Scam Sites

The Security Alliance (SEAL), a nonprofit group focused on cybersecurity, has launched a tool to support those investigating crypto-related phishing scams.

The tool allows experienced users and researchers to confirm whether a suspicious website actually displays harmful content.

One major issue in phishing investigations is that attackers often use methods to hide the real content from security tools. These scams have caused over $400 million in losses in just the first six months of this year.

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To address this issue, SEAL has developed a system known as TLS Attestations and Verifiable Phishing Reports. It gives investigators a way to collect reliable, tamper-proof proof of what the website actually showed to the user.

The system uses a process where a trusted server, called an attestation server, becomes part of the secure connection between the user and the suspicious site. This trusted server performs all encryption-related tasks, while the user still connects directly to the website.

To use it, a researcher sets up a tool on their own computer that watches the internet traffic and shares the connection details with the attestation server.

This process produces what SEAL calls "Verifiable Phishing Reports". These are digital records, signed using cryptographic methods, that confirm what a site delivered to the user.

SEAL can then confirm whether the site is malicious without visiting it directly, which reduces the risk and helps avoid tricks used by scammers to hide their true content.

Recently, SEAL uncovered a network of individuals posing as IT professionals to gain unauthorized access to crypto companies. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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