Bitcoin 2018: how you can protect cryptocurrencies from hacker attacks

Bitcoin 2018: cryptocurrencies, how u. a. Bitcoins, are not only currently experiencing major ups and downs, but they are also increasingly subject to hacking attacks. According to one study, one-third of all trading platforms have been attacked since Bitcoin was invented.

No sooner has the last Facebook data scandal flattened, it comes already again to new questionable decisions from sides Mark Zuckerbergs.

As a result, the popular social media network has now reportedly asked leading banks to disclose information about its users’ financial situation, such as credit card transactions and current account balances.

Facebook wants to offer better services.

Whether you can believe this is at least questionable.

While banks are said to be helping Facebook collect data, hackers are increasingly trying to gain access through illegal means to Cryptocurrencies like Bitcoin 2018 to arrive at.

Since the beginning of 2017, the value of bitcoin has multiplied.

The stock market value of all digital means of payment adds up to around 284 billion euros. US dollar.

That makes the exchanges where the new cryptocurrencies are traded a popular target for hacker attacks.

So far, approx one million bitcoin stolen.

At the current exchange rate these are over 6 billion. US Dollar.

Attackers are coming up with ever more sophisticated methods to get their hands on digital currencies.

  • be counterfeit wallets,
  • Phishing attempts to get users’ private keys, or even
  • False cryptocurrency models.

Bitcoin 2018: how hackers steal your information

Cryptocurrencies initially seem safe because they decentralize digital transactions and also make them anonymous.

At the same time, public blockchains make cryptocurrencies tamper-proof, at least in theory.

But unfortunately, this hardly protects against simple and time-honored scams that fraudsters rely on.

Thus, there are now actually a significant number of hacking attempts, which are also becoming increasingly creative with their methods.

Just recently, criminal hackers were able to divert money from private mining computers to fake wallets because users forgot to change their preset login credentials.

Elsewhere, hackers have replaced search engine results for real trading platforms with a fake copy.

Such fake sites then collect credentials from unsuspecting users, who enter them there believing they are conducting a legitimate transaction.

And a Trojan called CryptoShuffler Stole thousands of dollars by lurking on computers and stealing wallet addresses of bitcoin, which were copied to the clipboard.

Another method of scamming is sending spam emails to large email lists.

Content of such a fraudulent email could be, for example, a warning that someone tried to log into your account.

The next step is to ask the recipient to verify their details.

So unsuspecting victims then provide their credentials and the scammers have everything they need to hack your account.

Here’s how you can protect yourself from hackers

However, a few simple steps can help protect cryptocurrencies – be it Bitcoin 2018, Monero or others – from the most common attacks.

Just as you don’t place your cash in plain sight or keep valuable jewelry in a safe deposit box, it pays to take some effort to secure your cryptocurrency.

With a few simple security precautions and a dose of common sense, you should be able to spot the majority of hacking attempts early on:

An important step for protecting your cryptocurrencies is to back up everything that can be spied on in a wallet on a hard drive.

So on a physical device, such as a USB stick that is not connected to the internet.

Experts warn against storing large sums of money on online exchanges or digital apps on your smartphone or computer.

Secure hardware wallets like u. a. Trezor Or the Ledger Nano S cost less than 100 euros and are easy to set up.

You choose a PIN and the so-called recovery seed (a few words and some numbers), in case you forget your PIN or your wallet goes on strike.

The information is then tightly secured, as long as you don’t lose or forget your PIN and seed.

Recovering money in a hardware wallet without passwords is next to impossible.

You should also think carefully about where you keep the public and private keys that allow you to authorize changes to a blockchain.

They should always be encrypted and not stored on devices that you also use for everyday tasks like your PC.

Incidentally, all the things you should do anyway to protect your digital life are also beneficial with cryptocurrencies.

"We encourage all customers to take basic, no-cost steps to ensure they are on a more secure footing",

says Philip Martin, Security director at cryptocurrency trading platform Coinbase.

Here’s how you should Password manager Use, Two-factor authentication and advanced security protocols for his e-mail address.

So check your privacy settings to minimize the risk of being scammed and hacked.

Just like in the settings section of your crypto portal you use, it’s best to check them for Facebook as well.

Conclusion

In conclusion, it can be said that cryptocurrencies as a still relatively new net phenomenon are further expandable and everyone should inform himself about the security of the coins.

The more careful you are with your data, the less likely you are to fall victim to attacks.

Fortunately, you don’t have to be a crypto expert to take the basic security steps that will protect you from most attacks.

And experienced crypto users can help crypto novices secure their data.

How to keep bitcoin 2018 and other cryptocurrencies safe as far as possible.

In any case, it is important to inform oneself at regular intervals about possible dangers in the network and the appropriate protection against them.

Safer to use cryptocurrencies like bitcoins 2018 etc. can speculate, by the way, once the first ETFs are available on the market for this purpose.

Requested they are already, just not approved yet.

Still, the corresponding supervisory authorities have a bellyache with the new cryptocurrencies, such as bitcoin 2018.

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