• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Vechain price prediction

    Vechain price prediction: VET set to move higher again, resistance to break at $0.056

    Ethereum Price Prediction

    Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

    SEC allegations

    John McAfee claims SEC allegations laid against him are exaggerated

    ADA/USD

    ADA/USD Price Prediction: Cardano Faces Resistance at $1.32 After Mary Hardfork

    Litecoin Price Prediction

    Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

    Crypto market

    Crypto market: Thailand to set new regulations amid high interest

    XRP/USD Price Prediction

    XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

    Bitcoin price movement

    Bitcoin Price Prediction: Bitcoin Will Remain Bullish as long as SMA Support is Intact

    Bitcoin price analysis Tight price range halts uptrend as $46K support holds

    Bitcoin price analysis: Tight price range halts uptrend as $46K support holds

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Vechain price prediction

    Vechain price prediction: VET set to move higher again, resistance to break at $0.056

    Ethereum Price Prediction

    Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

    SEC allegations

    John McAfee claims SEC allegations laid against him are exaggerated

    ADA/USD

    ADA/USD Price Prediction: Cardano Faces Resistance at $1.32 After Mary Hardfork

    Litecoin Price Prediction

    Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

    Crypto market

    Crypto market: Thailand to set new regulations amid high interest

    XRP/USD Price Prediction

    XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

    Bitcoin price movement

    Bitcoin Price Prediction: Bitcoin Will Remain Bullish as long as SMA Support is Intact

    Bitcoin price analysis Tight price range halts uptrend as $46K support holds

    Bitcoin price analysis: Tight price range halts uptrend as $46K support holds

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Cyber Security News

5 tips to strengthen your cryptocurrency security

Arnold Kirimi by Arnold Kirimi
August 20, 2020
in Cyber Security News
4 min read
Cryptocurrency security
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The recent high profile Twitter hack was used to acquire cryptocurrency from unsuspecting victims. Although the hacker was identified, the transferred Bitcoin might not be recovered at all. Notwithstanding, the basic notion of Bitcoin and cryptocurrencies in general, is to have an anonymous system of decentralized transactions.

Even better, the report of the investor who lost all their lifelong savings they had preserved in cryptocurrency form. They fell in the trap of downloading a false extension, and entrusted it with their private keys.

The same "phone spear phishing" playbook used to hack Twitter in July has since been used against dozens of other companies, including banks, cryptocurrency exchanges and hosting providers, according to investigators tracking the new wave of attacks:https://t.co/VW0UjSkDmL

— Andy Greenberg (@a_greenberg) August 18, 2020

Nevertheless, it is still surprising to learn that most Bitcoin traders are unaware Bitcoin transactions could be monitored and traced on the Bitcoin blockchain. Despite the decentralized and privacy nature of Bitcoin, it is feasible to link a name and an IP address connected to a certain Bitcoin wallet, particularly if your country requires you to provide KYC details in anti-money laundry laws.

RelatedPosts

Verge suffers massive block reorg attack, 200-day transaction history wiped

Blockfolio allegedly breached as users receive offensive messages

Experts detect crypto-mining malware targeting Kubernetes clusters

Chainalysis: Crypto ransomware attacks rose by 311% in 2020

Nevertheless, as a cryptocurrency investor myself, I always ensure I choose the information I reveal carefully when transacting in cryptocurrencies. Besides, I store my crypto in different wallet hardware for separate identities. Notably, it is vital to encrypt your browser and online traffic. Additionally, these five effective steps will increase the security of your cryptocurrency.

1. Keep private keys PRIVATE

A Bitcoin or crypto wallet provides the owner with private keys. As its name suggests, the keys must be kept private and should not fall in the wrong hands. Private keys are vital, since anyone with access to them, can easily access your crypto without needing a password or username. 

A common error by most people is preserving private keys online. An infringement on the online account can easily reveal  private keys to cyber attackers. The safest way to store private keys is to write them down on a piece of paper, and store the paper out of reach.

2.Choosing a strong password for your cryptocurrency wallets

Times when an 8-character password was the most secure are faded. According to cyber security research, such passwords can be compromised by hackers in between seconds to a few hours. We suggest utilizing random password generators to create a strong password for your wallet. 

There are bigger chances of you forgetting the characters yourself, and here we suggest you use a password manager. 

3. Find a secure email service

Cyber attackers are cognizant that users tend to keep private keys, personal information, passwords and other private details in their email accounts. Most software wallets require a long string of characters in the name of wallet IDs, and the email account is the most convenient place to get these IDs.

This is secure email services are essential to software wallet users. Secure emails provide an additional security layer that basic email providers cannot offer.

4. Enable two-factor authentication (2FA)

The majority of the popular wallet providers provide users with the option to enable two-factor authentication on their wallets. Every user should take advantage of this option if it is available. The 2FA adds another layer of security on top of just the username and password, requiring users to enter the additional passcode from their 2FA gadget.

2FA comes handy when your username and password combination falls in the wrong hands, and the perpetrator will be required to enter the 2FA passcode. The good thing is that the owner gets notifications of all the login attempts.

5.Use secure internet connection

An insecure network means trouble. Cyber attackers can launch malware to steal your private information, divert conversations, or even paralyze your system. That is if your connection is insecure. 

The good news is that a VPN can secure and encrypt your internet connection. To increase your online security, just install a VPN and proxy all your online connections for a more secure web security.

Besides VPN, you can also think of SSL certificates for website security. For a secure internet and online transactions, SSL certificate is an essential thing. There are types of SSL certificates available in the market with different features. Like, if you choose a comodo essential wildcard SSL certificate for your website, then you can secure all your subdomains and main domain in a single SSL certificate. Always check SSL certificate status of a website before doing cryptocurrency transactions. 

Tags: Crypto RisksSecurity Hacker
Arnold Kirimi

Arnold Kirimi

Arnold is a crypto and blockchain enthusiast. A communications expert with interest in hard-hitting journalism, he is always on the hunt for the latest events in the cryptocurrency world. He is inspired by what Bill Gates said, “Bitcoin is a technological tour de force.”

Related Posts

Verge suffers massive block reorg attack, 200-day transaction history wiped
Cyber Security News

Verge suffers massive block reorg attack, 200-day transaction history wiped

February 16, 2021
Blockfolio allegedly breached as users receive offensive messages
Cyber Security News

Blockfolio allegedly breached as users receive offensive messages

February 9, 2021
Verge suffers massive block reorg attack, 200-day transaction history wiped
Cyber Security News

Experts detect crypto-mining malware targeting Kubernetes clusters

February 4, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

EIP-1559

EIP-1559 get the nod for Ethereum’s London Hardfork

March 6, 2021
Vechain price prediction

Vechain price prediction: VET set to move higher again, resistance to break at $0.056

March 6, 2021
Ethereum Price Prediction

Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

March 6, 2021
SEC allegations

John McAfee claims SEC allegations laid against him are exaggerated

March 6, 2021
ADA/USD

ADA/USD Price Prediction: Cardano Faces Resistance at $1.32 After Mary Hardfork

March 6, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.