How to protect yourself from crypto hackers?

Bitmart case

Ascendex case

Common types of cyber attacks

  • Malware
  • Phishing
  • Man-in-the-middle attack (MITM)
  • Distributed Denial-of-Service (DDoS) attack
  • SQL injection
  • Zero-day exploit
  • DNS tunneling
  • Business Email Compromise (BEC)
  • Cryptojacking
  • Drive-by Attack
  • Cross-site scripting (XSS) attacks
  • Password Attack
  • Eavesdropping attack
  • AI-Powered Attacks

How to protect yourself from cybercriminals?

  • Always enable two-factor authentication to protect your transactions. This provides an extra layer of security for your wallet or purse. Without 2FA, if an attacker were to gain access to your mail and password, he can easily withdraw money from your account.
  • Be sure to manage your wallet properly — you should keep the majority of your funds in cold-storage wallets with multiple signatures. Do not keep all your funds in a single wallet. Hot wallets responsible for automated transactions should only have a minimum balance as they are the most vulnerable to hacking. Also, use a separate wallet address for each platform. That way, if one platform gets hacked, the other will be safe.
  • If you invest in decentralized projects, check your wallet credentials regularly. If you no longer wish to use a particular DeFi project, revoke that project’s permissions to your wallets.
  • Avoid phishing links — These are malicious advertisements or emails that use clones of official domain names and logos to lure you to a third-party website under the pretense that it is affiliated with an established company. Be careful when visiting the websites of exchanges or wallets — sometimes attackers buy hosting services with similar names and then redirect users to their malicious websites.
  • Do not access exchanges or wallets through public networks. The open nature of the network allows hackers to monitor whether the networks are full of compromised machines, or worse, the access point itself could be malicious. If you are working with sensitive data while searching over public Wi-Fi, use an encrypted website or VPN service to protect yourself.

Security is a top priority for PointPay

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
PointPay

PointPay

Cryptocurrency Ecosystem: pointpay.io Crypto Bank, Exchange, Wallet, Payment System. Buy Bitcoin → https://payments.pointpay.io/ Earn up to 30% yearly with PXP.