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Attackers will also try to mimic emails similar to the legitimate one. Step 3 Check the language. Most of the times phishing emails are rushed and loaded with spelling errors. Many crypto exchanges allow an anti-phish banner that displays a code with their emails that you set. You can check haveibeenpwned. If your email shows up and passwords are listed on the data that was compromised, assume the worse and change the password and never use it again, along with any other accounts that use that password.
Actual hacks in the crypto world are rare, and the most common ways to steal cryptocurrencies are phishing and fraud. Often, users themselves provide private information, not suspecting that there is an intruder in front of them. Security isn't a chore, it's an opportunity. We often find good security measures to be a burden, but the better mindset to have is one where you view security as an opportunity to bring yourself peace of mind in an uncertain and turbulent world.
Stay safe. Signup or Login to Join the Discussion. Interview Decentralized Interview. Cybercriminals are trying to steal crypto in any way possible, by launching phishing attacks, or impersonating people who work for companies to obtain confidential user information such as private keys, passwords, seed phrases, and more.
The ideal would be to create an email specifically for crypto, and not use the regular email you are using for everything else. How do they store their funds? How is your account login secured? Have you provided recovery instructions to your beneficiaries in the event you die? So what should you do? Activating 2FA on your email accounts is crucial so nobody can access it even if they got your password.
The ideal would be to create an email specifically for crypto, and not use the regular email you are using for everything else and you are signing up in websites that can leak your data. Look out for Phishing emails. Attackers pray on your emotions, you see this email and start to freak out and click the link without even thinking. Quick tips for emails: Don't trust email links. Double check the address bar of login pages. Many crypto exchanges allow an anti-phish banner that displays a code with their emails that you set You can check haveibeenpwned.
Use strong secure passwords. Passwords managers make these easy to manage and generate passwords. Password Managers: These work wonders when managing passwords securely. They generate random strong passwords which can be adjusted, and its all kept in an encrypted database file, so even if a attacker gets access to it, they won't be able to access it without the password. Don't save passwords in your browser. There have been several leaks, bugs and issues on browsers.
SIM swap attacks are very common and this method is vulnerable. It's the only way to recover them. DO NOT take pictures of your QR codes, if you screenshot it, might end up syncing somewhere you don't want it to and if it ever gets compromised they have the ability to continually receive your 2FA code. You lose access to that email, then consider all accounts gone as you won't be able to access the codes if you switch devices.
Crypto Wallets Do not store your crypto on exchanges, especially significant amounts. Always own your keys and be your own bank. Hardware wallets are the most secure wallets. Cold wallets hardware wallets will always be more secure than any hot wallets as they aren't connected to the internet. Verify the details you are confirming on your hardware wallet device. They can't walk into a store without noticing how they might shoplift.
They can't use a computer without wondering about the security vulnerabilities. They can't vote without trying to figure out how to vote twice. They just can't help it. Those of you with this mindset are already itching to dig through my posts and gather all the information you can find. This mindset lends itself to security professionals Those of you who couldn't care less about exploiting vulnerabilities are probably not suited for this type of work, but it's actually you who need to pay more attention right now.
You need to understand that even though you would never think to try and steal somebody's stuff, there are those who do, many of them. Whether it's out of need, greed, or simply for sport, Takeaway III: you are at risk because of these people. The difference between really giving a damn or not about whether people are snooping on you comes down to two things:.
It's an intentionally over-complicated and obfuscated subject so that people have a difficulty grasping exactly how not private their life actually is. In a sense, this mass lack of awareness is important to keeping order while our government "protects" us and our Facebooks "serve" us. Hint: If it's free, you are the product.
There is no such excuse in cryptocurrency. Frankly, you don't need to be into crypto , and if you choose to be, you are personally responsible for incurring the risk of being ignorant. That means it's your responsibility to research and understand what you're doing, and nobody owe's it to you.
We humans actually value privacy. You may not think you do, but if you use doors with locks, ever close the blinds, or have passwords on your devices, you do value privacy. Even if you truly find yourself not doing these things, there's plenty of reasons why you want to control your privacy so that others do not intentionally frame you for things you didn't do. You may not mind anybody in the world seeing your Facebook profile, but would you mind if I tagged you in a status claiming that we had just stolen a car together, kicked a baby, and thought The Matrix Revolutions was the best of the trilogy?
Again, you do value privacy. Fortunately, there are people like myself who care about the security of others, and want to help for the betterment of the ecosystem as a whole. Unfortunately, trust is required. Some people say that "trust no one" is the first rule of security. Even I made it my first takeaway in this post. I'll fall back to another quote from Bruce Schneier :. I don't think I could even total up all the people, institutions and systems I trusted today. I trusted that the gas company would continue to provide the fuel I needed to heat my house, and that the water coming out of my tap was safe to drink.
I trusted that the fresh and packaged food in my refrigerator was safe to eat — and that certainly involved trusting people in several countries. I trusted a variety of websites on the Internet. I trusted my automobile manufacturer, as well as all the other drivers on the road. Should you be trusting me and the content of my posts? The exchange where your money is held?
The ICO contract address posted in the comment section? Although this is just a thought exercise, the level of trust you give me should be proportional to the level at which you already understand what I'm saying, and to a lesser degree, how much faith you have in me and my credibility.
Because of this, I choose to reveal some verifiable information about myself that should earn some tiny amount of trust, but ultimately you really shouldn't trust me. This applies to exchanges, smart contracts, semi-anonymous commenters, and your favorite crypto personalities. One of the great innovations of blockchain technology is that trustless contracts can be made.
It's not wrong to be skeptical and not trust me or others, especially on the internet. In fact, I'm expecting that you will be skeptical if you're truly a cryptocurrency supporter. Trust is earned with consistency, transparency, and discourse. Grant trust to others on a temporary basis if these requirements are not satisfied. This is part of the due diligence you must practice to protect yourself. Takeaway IV: be mindful of your existence. This means that taking time to consider your privacy and security helps to build the trust you need to expand your understanding of the systems you're putting money in to.
If you actually have read thus far, I commend you. Now I'm going to ask for you to do things like leave comments giving me feedback and liking this post, but before that I want to stress one final thing. Takeaway V: security is an opportunity for you to not only protect yourself from future headaches and irreversible loss of money and sensitive information, but also to learn about the systems you use and invest in.
Information is powerful, and can be overwhelming at first, but putting security at the forefront of your consciousness will help to protect you in everything you do. Like all things, it takes practice and discipline to be good at, but the peace of mind you can get after understanding and implementing security can be very worth it. Takeaway I: trust no one - this refers to the need for skepticism. Never rely on somebody's word at face value. Dig deeper to uncover any bias, vet the source to ensure qualification and integrity, and seek consensus among others in the field.
Takeaway II: privacy matters - many people don't realize what they are actually putting out when they intentionally share small pieces of personal information, and the line between arbitrary and sensitive data can be difficult to determine. Understanding that privacy matters is critical to setting up your personal security. Takeaway III: you are at risk - regardless of your own personal desire to steal from others, there are those who would steal from you.
Malware does not think of morals, and many people don't either. You make yourself vulnerable by projecting personal morals onto things that are difficult to conceptualize like all the users on the internet. Takeaway IV: be mindful of your existence - it's not just something Tich Nhat Hanh would say, it's important to your security too.
Think about who is going to see what you put online before you put it there. Consider your actions before you make them. It is difficult to undo some things once you've made a mistake, impossible if blockchain is concerned, so you need to be mindful of all that you do in order to protect yourself.
Takeaway V: security isn't a chore, it's an opportunity - we often find good security measures to be a burden, but the better mindset to have is one where you view security as an opportunity to bring yourself peace of mind in an uncertain and turbulent world.
This is somewhat paradoxical since achieving peace of mind requires first understanding the threats, which often leads to more concern than can be resolved. Keep an eye out for part 2 of this guide where I analyze the different types of cryptocurrency wallet types and weigh the pros and cons against my own implementation that will be revealed in part 3.
Obviously following me would make that easier : If you'd like to buy me a beer, send some love over to Tomshwom. Great nugs tomshwom , eager to get into part 2 and 3. Excited to be in the game and am feeling your point you made, "This is somewhat paradoxical since achieving peace of mind requires first understanding the threats, which often leads to more concern than can be resolved.
Check out part 2 for the wallet analysis portion of this guide! I'd like to buy you a beer but I'm so new to crypto that I have no clue how to send some love to tomshwom. Well thank you! The '. My name, Tomshwom. You can always go to Etherscan and type the. I just tried to send 0. Thank you! Hey, that's great! If you choose to follow the main guide in part 3, feel free to reach out for help if you need it :. All posts. Newcomers' Community. Steem Venezuela.
Comunidad Latina. Steem POD Team. Explore communities…. Preface I've been working on this guide intermittently for the past couple weeks, and I've decided to break it into parts for easier consumption.
This is does not need to be kept secret. In fact, you could put it out into the world like on your blog and see if anyone just decides to send you cryptocurrency. You can then transact your cryptocurrency using your private key. To transact cryptocurrency you create a transaction. This is public information. A transaction is simply a collection of information that the blockchain needs to move the cryptocurrency. Anyone can create a transaction, but transactions are only accepted into the blockchain if it is confirmed by multiple members of the network.
A transaction is not confirmed unless it is valid, and it is not valid unless it is digitally signed by the necessary private key. So, you sign a transaction with your private key. This signed transaction gets pushed to the blockchain, and once confirmed using public key data, becomes a part of the blockchain.
So your private key should be a closely guarded secret. Any attack against your private key is essentially an attack against your cryptocurrency. An attacker wants to digitally sign transactions, from your addresses to her addresses, using your private keys. Or an attacker may just want to hurt you by destroying your private keys, erasing access to your cryptocurrency. The first threat is losing access to your coins. Since cryptocurrency ledgers do not have a central authority, there is no redress if you lose access to your wallet.
If you lose this private key you lose your wallet. If you lose your wallet you lose your cryptocurrency. You are your first threat. The next class of threats are the ones we tend to think about and hear on the news: opportunistic attackers, dedicated attackers, and nation states. An opportunistic attacker is one that sees your coinbase wallet open on your laptop and initiates a transaction to their public wallet address.
Dedicated attackers range from individual attackers to groups of attackers working together. They will focus on an individual target such as an owner of a significant amount of cryptocurrency, a cryptotrader, or a small trading office. Other dedicated attackers take a broader approach and write malware that will try to steal private keys from your system if it gets infected. Nation states have large, coordinated, and well sponsored groups of attackers.
Their motivation is financial, espionage, or a combination. Proofpoint has a great writeup on the cryptocurrency attacks from the Lazarus Group, an advanced persistent threat sponsored by North Korea. If you want to lose all of your cryptocurrency, just throw away all of your access keys. This could look like locking yourself out of your web wallet and losing access to your password reset email address for your web wallet.
Or it could look like damaging a paper copy of your private keys. Here are some more tips:. You need to take simple steps to protect yourself. First, consider the main account that you need to protect. It probably is not your coinbase wallet, or other online wallet accounts. It is likely your email. Your email is used to authorize new devices, reset passwords, and confirm transactions. Your email is the holy grail for an opportunistic attacker. Lock it down and make the attacker look elsewhere.
Dedicated attackers are going to research you and launch personalized attacks. They are going to try to phish you and reuse found credentials if your data was compromised in previous breaches. You need to practice defense in depth. Investing in cryptocurrency is hot right now. Stealing cryptocurrency is just as hot. Reading this is the first step to tipping the scales back in your direction. These are best practices, and your personal use cases will dictate what is actually realistic.
But, you probably do not want to hold the private keys to hundreds of thousands of dollars worth of cryptocurrency on a personal, Internet connected laptop. On Facebook, scammers may create a fake profile that looks exactly like the real profile of the wallet with its name and logo and leave comments under the original posts saying the wallet is hosting a giveaway and whoever sends some Bitcoin to this address will immediately receive twice as much.
Additionally, they may leave a few more comments as supposedly excited users who did as they were advised and got the reward. He decided to store his assets in the old-fashioned way and use a paper wallet. He felt that printing out his set of keys was not enough and kept a copy of his private key in the draft of Google Doc file.
Hacking into mail servers is no rocket science, so leaving your sensitive info in the cloud is a very bad idea. Statistics show that the number of mobile crypto-jacking malware increased from 8 different types in to 25 types by mid One type of malware is so-called keyloggers, which copy passwords, mnemonics, PINS and send them back to hackers. Apart from the above-mentioned malware, there are all kinds of Trojans and other viruses that can mess up your device and leave you penniless.
The only way to protect yourself against them is to use a decent antivirus solution. Make sure that your virus scanners stay updated and get in the habit of running the system checks on a regular basis. Do not use random flash drives and do not click on suspicious links on the web. Client-side crypto wallets offer a much stronger level of security than exchange wallets, but the responsibility of protecting your device lies with you.
You should never give access to your private keys and mnemonics to anyone, no wallet provider would ever need this info to fix your wallet issue. Using anti-virus software and two-factor authentication is a must. What are the most common ways to pay overseas remote workers? Should you be paid via card, PayPal, or crypto?
Kate gives the answers. Hello everyone on the Lumi Wallet blog page. In our weekly digest, we tell you about the main news that was at the peak of feeds on social networks, Google, or that your friends might have told you about in the crypto world. Table of Contents 1. Blockchain Expo Europe2.
European Blockchain Convention4. World conference and awards on blockchain technology5. Paris blockchain week summit6. The North American Bitcoin Conference7. Read more…. Can Your Crypto Wallet be Hacked?
Try to avoid storing cryptocurrency on digital storage. Invest in buying a cryptocurrency hardware wallet. Do not use public wifi while making transactions.