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Introduction: IoT Manufacturers Favor Convenience over Security Because IoT security is still an afterthought, cybercriminals in general consider smart devices a “low-hanging fruit” – a target easy to compromise and manipulate. Security (and privacy) by design is key for IoT, and probably the only effective way for a smart gadget to protect its communications is […]
The post IoT Security Fundamentals: Intercepting and Manipulating Wireless Communications appeared first on Infosec Resources.
Introduction: In the previous article of this series, we discussed how format string vulnerabilities can be exploited. This article provides a case study of how format string vulnerabilities can be used to exploit serious vulnerabilities such as Buffer Overflows. We will begin by understanding what stack canaries are and then we will exploit a Buffer […]
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Fuzzing is a black-box software testing technique and consists of finding implementation flaws and bugs by using malformed/semi-malformed payloads via automation. Fuzzing an application is not a matter of simply exploiting a specific point of an application, but also acquiring knowledge and potential crashes that could be explored in-depth through the implementation of crafted payloads […]
The post Fuzzing introduction: Definition, types and tools for cybersecurity pros appeared first on Infosec Resources.
Copy-paste compromises: Introduction and overview Although the concept of copy-paste compromises is not exactly new, there are now several different forms of the attack. In the version of copy-paste compromise that we’ll discuss today, malicious actors use open-source or publicly available exploit code, web shells and other tools to gain information. Recently, Australia has revealed […]
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It’s tax time in the United States, and even if you’re pretty sure you did everything right, you’re worried. Did I file correctly? Did I claim the right deductions? Will I get audited? Unfortunately, tax season brings out scammers eager to take advantage of your anxiety.
First, know that you’re probably doing a good job with your taxes. Less than 2% of returns get audited and most discrepancies or adjustments can get handled easily if you address them promptly.
Still, wariness of the IRS and intricate tax laws makes for ripe pickings when it comes to hackers, who prey on people’s fear of audits and penalties. Common scams include fake emails, phone calls from crooks posing as IRS agents, and even robocalls that threaten jail time. With the information they get from you, hackers can take things a step further by stealing your identity and filing tax claims in your name.
As if we didn’t have enough to worry about at tax time.
The good news is that you have plenty of ways to protect yourself from hackers. Check out these tips to stay safe this tax season.
Straight from the authority itself, the IRS has published its top 12 tax season scams with new warnings brought on by the events of 2020.
For example, new to this year are scams associated with stimulus checks sent out by the government. The IRS says they have seen “… a tremendous increase in phishing schemes utilizing emails, letters, texts and links. These phishing schemes are using keywords such as “coronavirus,” “COVID-19” and “Stimulus” in various ways.”
This is very important: The IRS does not use email. If you get an email from someone saying they are the IRS and they want to talk with you about a problem, it is a scam.
Here’s what the IRS has to say:
The IRS will never initiate contact with taxpayers via email about a tax bill, refund, or Economic Impact Payments. Don’t click on links claiming to be from the IRS. Be wary of emails and websites − they may be nothing more than scams to steal personal information.
Social media attacks also made the IRS Dirty Dozen. In a social media attack, scammers harvest information from social media profiles. Hackers use the information to gain access to your online accounts in social media and beyond, like your bank account. Make it hard for them. Make your social media profiles private so that only friends and family can see them. Also consider so you can be safer from these kinds of crimes.
When a hacker poses as an IRS agent, they try to get personal information from you, like your social security number. They might demand payment, sometimes under the threat of penalties or even jail time. These strong-arm tactics are a dead giveaway that the email or phone call is fake.
What will the IRS do? Usually, the IRS will first mail a bill to any taxpayer who owes taxes. IRS collection employees might call on the phone or make an unannounced visit to your home or business. If they require a payment, the payment will always be to the U.S. Treasury. Read about other ways to know what the IRS won’t do when they contact you.
And remember: the IRS does not use email to contact you about tax problems.
A good defense is a good offense. File early. Protect yourself by filing your claim before they have a chance to file one as you. You don’t want to be one of those identity theft victims who finds out you’ve been scammed when you file your taxes only to get a notice in the mail saying your tax claim has already been filed.
Here’s other tool that can help you fight identity theft. And get this: it’s not only helpful, it’s free. Through the Federal Trade Commission, you are entitled to a free copy of your credit report from each of the three major credit reporting companies once every 12 months. In this report, you can find inaccuracies in your credit or evidence of all-out identity theft.
Keep in mind that you get one report from each of the reporting companies each year. That works out to three reports total in one year. Consider this: if you request one report from one credit reporting company every four months, you can spread you free credit report coverage across the whole year.
The idea is that, just like with your physical wellness, there are lots of steps you can take to protect your digital wellness. We’ve covered some of those steps in this blog. Consider one more: protect your digital life with a holistic security solution like McAfee Total Protection so you can enjoy life online knowing your precious data is protected. Tax time or otherwise, security software is always a smart move.
To stay updated on all things McAfee and on top of the latest consumer and mobile security threats, follow @McAfee_Home on Twitter, subscribe to our email, listen to our podcast Hackable?, and ‘Like’ us on Facebook.
The post Who loves tax season besides accountants? Hackers appeared first on McAfee Blogs.
“My phone’s been hacked!” Words you probably don’t want to hear or say. Ever.
Your phone gets to be like an old friend after a while. You have things laid out the way you like, your favorite apps are at the ready, and you have the perfect home screen and wallpaper all loaded up. So, if you unlock your phone one day and notice that something is a little … off, you’ll know pretty quickly. And it could be a sign that your phone may be hacked.
It’s often pretty easy to tell when a piece of your tech isn’t working quite right. The performance is off, things crash, and so on. While there are several cases where there’s a legitimate technical issue behind that, it could also be the sign of a hacked device.
Many hacks and attacks involve the installation of malware on the device, which eats up system resources, creates conflicts with other apps, and uses your data or internet connection to pass along your personal information—all of which can make your smartphone feel a little off.
A few examples follow. Note that these may be signs of a hacked phone, yet not always.
A suddenly sluggish phone or one that simply can’t hold a charge anymore are often attributed to phones that are getting a little old (these things happen). Yet, those same behaviors can also be signs of a compromised phone. For example, malicious bitcoin miners can run in the background and cause all types of performance issues because they eat up battery life and take up resources that your phone could otherwise normally use. In a way, it’s like having a second person using your phone at the same time you are.
Similar to the performance issues mentioned above, malware or mining apps running in the background can burn extra computing power, battery life, and data. Aside from a performance hit, they can cause your phone to physically run hot or even overheat. So if your phone feels like it’s been sitting in the sun, this could be a sign that malware is present.
If you’re seeing more popup ads than usual or seeing them for the first time, it could be a sign that your phone has been hit with adware—a type of malicious app that hackers use to generate revenue by distributing ads without the consent of the user. Furthermore, those ads may be malicious in nature as well (which is a good reminder to never click on them). Such ads may lead to bogus products and services or pages designed to steal personal information. All in all, malicious adware is what hackers prop up to make money off unsuspecting people.
A potential telltale sign that your phone has been hacked is the appearance of new apps that you didn’t download, along with spikes in data usage that you can’t account for. Likewise, if you see calls in your phone bill that you didn’t make, that’s a warning as well.
Big red flag here. Like seeing an unknown charge or payment in your bank statement, this is a possible sign that a hacker has hijacked your phone and is using it to transfer data, make purchases, send messages, or make calls via your phone.
To help keep your phone from getting hacked in the first place, there are a few relatively easy steps you can take. Inside of a few minutes, you can find yourself much safer than you were before.
1. Use comprehensive security software on your phone. Over the years, we’ve gotten into the good habit of using this on our computers and laptops. Our phones? Not so much. Installing security software on your smartphone gives you the first line of defense against attacks, plus several of the additional security features mentioned below.
2. Stay safer on the go with a VPN. One way that crooks can hack their way into your phone is via public Wi-Fi, such as at airports, hotels, and even libraries. These networks are public, meaning that your activities are exposed to others on the network—your banking, your password usage, all of it. One way to make a public network private is with a VPN, which can keep you and all you do protected from others on that Wi-Fi hotspot.
3. Use a password manager. Strong, unique passwords offer another primary line of defense. Yet with all the accounts we have floating around, juggling dozens of strong and unique passwords can feel like a task—thus the temptation to use (and re-use) simpler passwords. Hackers love this because one password can be the key to several accounts. Instead, try a password manager that can create those passwords for you and safely store them as well. Comprehensive security software will include one.
4. Avoid public charging stations. Charging up at a public station seems so simple and safe. However, some hackers have been known to “juice jack” by installing malware into the charging station. While you “juice up,” they “jack” your passwords and personal info. So what to do about power on the road? You can look into a portable power pack that you can charge up ahead of time or run on AA batteries. They’re pretty inexpensive and can prevent malware from a public charging station.
5. Keep your eyes on your phone. Preventing the actual theft of your phone is important too, as some hacks happen simply because a phone falls into the wrong hands. This is a good case for password or PIN protecting your phone, as well as turning on device tracking so that you can locate your phone or even wipe it remotely if you need to. Apple provides iOS users with a step-by-step guide for remotely wiping devices and Google offers up a guide for Android users as well.
A phone that’s acting a little funny may indicate a run-of-the-mill tech issue, yet it could also be a tell-tale sign of a hack. At a minimum, following up on your gut instinct that something isn’t quite right can take care of a nagging tech issue. But in the event of a possible hack, it can save you the far greater headache of unauthorized charges and purchases, and even identity theft. If you spot a problem, it absolutely pays to take a closer look. Follow up with tech support for help, whether that’s through your device manufacturer, retailer, or your antivirus providers. They’ll help pinpoint the issue and get you on your way.
The post Help! I Think My Phone’s Been Hacked appeared first on McAfee Blog.
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Something’s not right. Maybe your phone is losing its charge way too quickly. Or one day it suddenly starts turning itself off and on again. Perhaps it’s running hot, so hot it’s hard to hold. Likewise, you might see outgoing calls that you never dialed or strange spikes in your data usage. Signs like these could mean that your smartphone’s been hacked. Learn how to protect your smartphone with McAfee Mobile Security
Several signs of a potential smartphone hack can look like a technical issue, at least on the surface. Yet the fact is that these issues may be a symptom of a deeper problem, such as malware installed on your smartphone. Malware can eat up system resources or conflict with other apps and your operating system, all of which can cause your phone to act sluggish or erratically.
Yet, in a way, that’s good news. Because malware can run inefficiently on your phone and create hiccups both large and small, it can tip you off to its presence. And with all the important information we carry in the palms of our hands nowadays, that’s good news twice over. Knowing the signs, subtle or otherwise can alert you to an otherwise largely invisible problem.
Whether hackers physically sneak it onto your phone or by tricking you into installing it via a phony app, a sketchy website, or a phishing attack, hacking software can create problems for you in a couple of ways:
Some possible signs of hacking software on your phone include:
Maybe you’ve seen some of the signs we mentioned earlier. Is your device operating slower, are web pages and apps harder to load, or does your battery never seem to keep a charge? These are all signs that you could have malware running in the background, zapping your phone’s resources.
Like the performance issues above, malware or mining apps running in the background can burn extra computing power (and data). Aside from sapping performance, malware and mining apps can cause your phone to run hot or even overheat.
If you find apps you haven’t downloaded, or calls, texts, and emails that you didn’t send, that’s a red flag. A hacker may have hijacked your phone to send premium-rate calls or messages or to spread malware to your contacts. Similarly, if you see spikes in your data usage, that could be a sign of a hack as well.
Malware can also be behind spammy pop-ups, changes to your home screen, or bookmarks to suspicious websites. In fact, if you see any configuration changes you didn’t personally make, this is another big clue that your smartphone has been hacked.
While there are several ways a hacker can get into your phone and steal personal and critical information, here are a few tips to keep that from happening:
The post How To Tell If Your Smartphone Has Been Hacked appeared first on McAfee Blog.
Cryptocurrency has boomed in the last several years, with beginners and experts alike jumping into the industry. It’s proven now to be more than a passing hobby or trend. Cryptocurrency is a way of conducting business and making money for people around the world.
As the intrigue and interaction with crypto grows, cybercriminals are finding new ways to exploit the system. According to CNBC, a recent crypto hack resulted in the loss of over $320 million across two major blockchain networks. Here’s what you need to know about this latest breach, plus some tips on how you can protect your crypto assets.
There’s more than one kind of cryptocurrency, and many users spread out their investments across various currencies and blockchain ecosystems. To link their activities, some crypto users employ a type of bridging software that can easily connect their different accounts. Wormhole is a popular bridge that allows users to freely move their tokens and NFTs between the Solana and Ethereum blockchains.
In this recent crypto hack, a cybercriminal installed a bug that minted 120,000 fake currency on the Solana side of the Wormhole bridge. Then, the criminal transferred 120,000 counterfeit currency to the Ethereum side to claim Ethereum tokens. This resulted in the hacker gaining at least $251 million worth of Ethereum, nearly $47 million in Solana, and upwards of $4 million in USDC, a third type of cryptocurrency.
The Wormhole team offered the hacker $10 million to return the stolen currency and explain how they executed the hack. Wormhole has since tweeted that they’ve restored all stolen funds and that the system is now back to normal. Experts think they have successfully reverse-engineered the exploit and suspect that the attacker gained access through bypassing the verify signature process.
As cryptocurrencies continue to take the world by storm, it’s key that users learn how to engage with this emerging industry safely. Even though the Wormhole breach affected the crypto platforms and not individual users, this incident is a reminder to be diligent about your crypto safety. Check out these tips to help you protect your crypto investments:
Like with any process that involves investing your own, hard-earned money, you should be diligent about researching every cryptocurrency, blockchain, and accompanying software you use. Never trust your money to a product or service that you’re not completely confident in their security protocols. Keep up with national and world news and crypto-specific news outlets to stay on top of the latest security breaches and to gather tips on which system may be the safest option for you. When jumping into cryptocurrency, make sure that any benefits outweigh the risks.
As with all your online accounts, protect your cryptocurrency logins with secure, unique passwords and two-factor authentication. Never reuse passwords, since it’s possible for wily cybercriminals to buy lists of login and password combinations on the dark web. Two-factor authentication often makes it impossible for anyone to break into your account, as it requires a randomly generated passcode for entry. Passcodes are often sent by text or through a smartphone application. Sometimes it’s difficult to remember all your passwords, so consider trusting them to a password manager, such as McAfee True Key. An online account locked behind a secure password and two-factor authentication will likely frustrate a cybercriminal and cause them to move along, keeping your account safe.
Add an extra layer of protection to your crypto assets with a hardware wallet. A hardware wallet stores private keys that are necessary to unlock your blockchain accounts. This device is compatible with various blockchains and helps back up and protect your investments, even if your device is compromised by malware or a phishing attack. Hardware wallets are often protected by PINs and a passphrase, so even if the device is lost or stolen, you can feel confident in the safety of your crypto accounts.
Make it part of your weekly routine to check in on your crypto account to ensure that there are no suspicious transactions. Keep the pulse on the news, so that whenever there’s a breach, you can make a timely report of any losses you may have experienced. Also, consider changing your login credentials to be on the safe side.
The only way to enjoy your cryptocurrency experience is to be confident in it. While the Wormhole loophole was almost impossible for a casual everyday user to predict, as long as you have a contingency plan and safeguards in place, you can be confident in your crypto activities.
The post Latest Crypto Vulnerability Leaks $320 Million: 3 Tips to Boost Your Crypto Confidence appeared first on McAfee Blog.
As a gamer, you love the stuff you’ve racked up over the years—that rare Fortnite skin from six seasons ago, a complete set of Tier 20 armor in World of Warcraft, or a Steam account loaded with your favorite titles. Hackers love it too. Because they can make money off it.
Hackers have been stealing and reselling online gaming accounts for some time now. Yet the recent 400 percent rise in online gaming theft shouldn’t come as a surprise, particularly as so many of us turned to games for entertainment lately. As people leveled up, gathered loot, and filled their libraries with games in the cloud, hackers saw the opportunity.
The opportunity is this: gaming accounts have a street value. The virtual items and perks we acquire through gaming take time, effort, participation, and sometimes just good luck to build up. In a way, we’ve worked hard to earn our fun. Meanwhile, others out there are willing to take a shortcut. There are those who’ll pay for a well-stocked gaming account that someone else has built up, and hackers are more than willing to hijack accounts from innocent victims and sell them online.
Put simply, the virtual goods in your gaming accounts are like any other good. They have value. And just like anything else you value, they’re worth protecting. That’s exactly what we’ll help you do here.
First up, let’s take a quick look at the different ways digital goods get moved and sold out there—just to get a sense of the marketplaces that have cropped up around gaming and where hackers fit into the mix.
And there are several. Over the years we’ve seen all kinds of gaming marketplaces crop up, whether they’re sanctioned marketplaces built inside of online games, gray marketplaces that exist outside of games, and dark marketplaces where stolen accounts and goods are exchanged.
As a gamer, you’re likely familiar with any number of sanctioned auction houses and marketplaces that are built right into online games, all designed and supported by the game’s developers. A classic example is the long-running auction house in World of Warcraft where players can buy and sell items with in-game currency, the World of Warcraft gold piece. And as marketplaces can go, the rarer and more coveted the item, the higher the price the seller can get for it. In fact, there are plenty of articles on how to play the markets for profit, in a quasi-stock market-like fashion, and all within the legitimate boundaries of the game.
In recent years, we’ve also seen the rise of in-game currencies that players can purchase for cash, again by design and with the support of the developer. A couple of examples are the World of Warcraft Tokens and Minecraft tokens and coins. What you can do with such tokens and coins varies from game to game, yet players can use them to acquire in-game currency, items, or paid to play time.
Increasingly common are in-game stores that allow players to purchase items and perks with cash, just like any other online store. Taken together with all the other ways a player can round up items in a game, it’s easy to see how a gamer’s account can grow into something somewhat unique and valuable over time, simply by playing and participating in the game.
With the time it takes for a player to level up a powerful character and acquire the items that can come along with it, there are out-of-game organizations that will, for a fee, do that work for a player in return for payment. Essentially it involves a player starting a gaming account, rolling up a character, and then handing over the account to a “booster” who will play the game on the owner’s behalf. When the agreed-upon level is reached, the booster hands back the character to the owner.
Of course, there are all kinds of potential problems with this. Strictly from a security standpoint, this means an account owner is handing over their credentials to a stranger, with no real guarantee that this stranger simply won’t change the account password, never hand back the account, and simply walk away with any funds that may have been paid upfront.
Further, “boosting” and other similar services may be against the user agreement the player signed when joining up for the game. For example, World of Warcraft recently updated its policy, stating that they now,
[P]rohibit organizations who offer boosting, matchmaking, escrow, or other non-traditional services, including those offered for gold. World of Warcraft accounts found to be in violation of this policy are subject to account actions. These actions can include warnings, account suspensions and, if necessary, permanent closure of the disruptive World of Warcraft account(s).
So while “boosting” services may not be illegal themselves, they can run counter to user agreements and may lead to cases of fraud when a booster service fails to fulfill its commitment or simply locks a player out of their own account.
Then there’s the theft and resale of online game accounts, clear examples of digital goods illegally changing hands. Stolen accounts make their way into dark web marketplaces and ads on chat platforms and social media, thanks to hackers who’ve cracked previously legitimate accounts and then packaged them up for sale. In some instances, cybercriminals will sell entire game collections, such as online gaming platform accounts where gamers may have purchased and have access to dozens and dozens of games stored in the cloud.
The method behind this theft is much like a credit card or bank account hack. Often using credentials lifted from a data breach, hackers will take known usernames and passwords and feed them into a credential stuffing application—which can then attempt to access hundreds, even thousands, of accounts through automated login requests.
Given that many users out there use the same passwords across their accounts makes them an easy target for this practice and can reap a large harvest of cracked accounts. From there, the account can be accessed, have its password changed, and then made ready for advertising and sale, where an account can be resold for a few dollars, or for potentially thousands depending on what the account contains.
There’s plenty you can do. A few simple steps on your part can drop some serious roadblocks in the way of a hacker who’s looking to crack your account or target you for a scam.
Each of your accounts should have its own strong, unique password. No repeats. And if you have some sixty-plus accounts across all the shopping, banking, gaming, and forum posting you do, not to mention your apps, that sounds like a lot of work. Because it is. Although it doesn’t have to be. A password manager can do the work for you by creating and storing strong, unique passwords for you.
Data breaches happen all the time now, striking businesses both large and small. If a business or organization where you have an online account gets breached, change your password right away. Related to the above, make sure the passwords across your other accounts are strong and unique. It’s not uncommon for hackers to try breaching passwords in other accounts, all in the hope that the victim is using the same or a similar password on other accounts as well.
Several gaming services offer multi-factor authentication (MFA) as a means of protecting accounts. In addition to requiring a username and password to log in, MFA further verifies account activity by sending a unique code to the email address or text to a device you own, which makes gaining illegal access that much tougher for hackers. Some gaming platforms even support an authentication app, such as the Battle.net Authenticator, offered by Blizzard. In all, the occasional extra clicks required by MFA can really save you some massive headaches by preventing theft. If you have MFA as an option, strongly consider using it.
Phishing attacks have made the jump from email to bogus ads on social media and in search too. In short, a phishing attack involves the hacker posing as a well-known company or organization with the intent of fooling you into providing your username and password. With that, they can drain your account, whether it’s money from your bank account or goods in your gaming account. Spotting phishing attacks can call for a sharp eye nowadays because some hackers can make the phishing emails and sites they use look like the real thing. Comprehensive online protection software will include web protection that can spot bogus links and sites and warn you away from them, even if they look legit.
Spearphishers are a special sort, in that they make more targeted attacks. While a phisher will send out an email blast or attempt to rope in a high volume of victims with an ad, a spearphisher will send a direct message to specific, potential victims. You may have seen or heard of this in massively multiplayer online games where an otherwise unknown player sends a message to another with a link to a website, complete with the promise of loot, in-game currency, or services to level up characters. Ignore and don’t visit that link. Chances are it’s a scammer, or at least someone who may be breaking the game’s user agreement by offering such services.
Whether you’re downloading a mod, an expansion, or a new game itself, go with a reputable online store or source. Hackers will drop malware into all kinds of files and applications, games included. Given that such malware could log keystrokes that steal login info, inject ransomware code to hold your device and data hostage, or simply wreak havoc on your files and things, it can have implications for more than just your gaming accounts and the virtual assets you have with them.
Hackers know there’s good money in gaming accounts. They wouldn’t bother with them otherwise. Realizing that your gaming account has value is the first step to protecting it.
In addition to taking the steps above, consider comprehensive online protection software. It offers defense in breadth and depth, covering everything from device security, privacy, and identity protection. However, if you want an even faster and safer gaming experience, gamer security is worth looking into. In addition to strong security features, it also offers performance-enhancing technologies that prioritize system resources and keep your gameplay going smooth.
In all, keep in mind that gaming accounts are serious business for hackers. Put up your defenses. Then get out and enjoy yourself, knowing that you have made it far, far tougher for them to ruin your fun.
The post Lock Down & Level Up: Protect Your Online Gaming from Hackers appeared first on McAfee Blog.
Cryptocurrency is all the rage these days and it doesn’t seem to be slowing down any time soon. As more people dive into the nitty-gritty of what blockchain is, how NFTs are traded, and the difference between Bitcoin and Ethereum, digital currency developers are finding new ways for people to engage with crypto. But as crypto continues to grow and become more profitable, hackers are simultaneously trying to find ways to get their hands on the coins.
According to Markets Insider, one of the biggest crypto heists in history took place recently, resulting in roughly $625 million stolen.1 Here’s what you need to know about this crypto theft, and how you can stay protected when investing in digital assets.
Ronin, the blockchain underlying the play-to-earn crypto game Axie Infinity, revealed that a hacker stole 173,600 Ethereum (currently worth around $600 million) and 25.2 million USDC (a cryptocurrency pegged to the U.S. dollar), resulting in a loss of about $625 million in cryptocurrency.
On March 29th, Ronin and Axie Infinity operator Sky Mavis revealed the breach and froze transactions on the Ronin bridge, which allows depositing and withdrawing funds from the company’s blockchain. This “side chain” contained nine validator nodes, or proof-of-stake tools, that confirmed and approved each transaction. At least five validator nodes are needed to approve each transaction. Sky Mavis oversaw five, and Axie Decentralized Autonomous Organization (or DAO) controlled four. However, Sky Mavis discontinued its agreement with the DAO in December but failed to revoke the DAO’s permissions. Due to this oversight, the hacker was able to take over the necessary amount of validator nodes to enable access to the cryptocurrency and make a break with it.
According to experts, the use of these side chains rather than native blockchains leads to a rise in cryptocurrency vulnerabilities. Had Sky Mavis abandoned the side chains and stuck to the blockchains, it is likely that an attack of this magnitude could have been avoided. Rather than a cryptocurrency issue, this is more of a cybersecurity issue.
If you are interested in getting into crypto, don’t let cyberattacks like this deter you! As a fairly new phenomenon, there are still many ways in which the crypto world needs to grow, adjust, and adapt to ensure that users can interact with it safely. In the meantime, if you are wanting to dive into the crypto economy but still have reservations, here are some tips to help you stay protected:
Whenever you decide to dive into something new, it’s always important to make sure you are knowledgeable about that thing, especially if it involves investing your money. Before jumping right into the crypto world, research each cryptocurrency, each blockchain, and any software you may use. Keep up with the news to stay informed on security breaches and pick up tips for which system you may want to engage in. Knowing the ins and outs of the crypto economy and its security protocols will solidify your decision of whether you want to join the crypto community and whether the benefits outweigh the risks.
As with all online accounts, it’s important to use secure, unique passwords and two-factor authentication when creating and maintaining cryptocurrency logins. Hackers can access lists of passwords and logins via the dark web, so never reuse your passwords. Two-factor authentication requires a randomly generated passcode for entry that is only accessible to you, so cybercriminals will not be able to access your accounts. If your accounts are a pain for a hacker to try to get through, they will likely move on, keeping your account, your information, and your assets safe.
For some added protection, store your assets in a crypto wallet. A crypto wallet is a software product or physical device that stores the keys to your cryptocurrency accounts. Crypto wallets allow you to transfer funds between crypto types and make transactions while keeping your investments protected. There are various types of cryptocurrency wallets, so do your research to find which one is best for you and your accounts.
Develop a routine of checking in on your crypto accounts to keep an eye on any suspicious transactions. Keep up with news outlets so that if there does happen to be a breach, you can make a timely report of any losses you may have had. For some added security and protection, consider changing your login credentials.
Hackers often use social engineering to enact cyberattacks like these. This includes targeting users’ emails or using phishing to gain access to these accounts. When receiving emails, be wary of addresses that seem slightly off, odd spelling and grammar mistakes, and any links or attachments added to the message. Being cautious and alert when you are online is an important step to ensuring your account safety.
As the world of crypto continues to evolve and more people get involved, cybercriminals are itching to take advantage. However, that is no reason to avoid getting into the crypto economy. If you decide to try your hand at digital currencies, make sure you are doing your research, staying up to date on what is happening in the crypto news, and remaining vigilant when it comes to your online safety.
The post $625 Million Stolen in Latest Crypto Attack: 5 Tips on How to Use Digital Currency Safely appeared first on McAfee Blog.
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