As the value of crypto continues to rise, so does the risk of hacking. In today's digital world, understanding how to protect your funds is more important than ever.
The variety of threats is wide, and the hacking space is evolving fast. But most of these attacks have a common scheme. So let us have a look at the most common types of attacks.
1. Man-in-the-Middle Attack
A man-in-the-middle (MITM) attack is a cyberattack where an attacker intercepts communication between two parties. The goal is to eavesdrop, steal sensitive information or modify the communication without the knowledge of either party.
2. Evil Twin
A Evil Twin is a rough WLAN-Access-Point who mimics a real Access-Point. The Twins' goal is to get unsuspecting users to connect with it. After the connection, an attacker can read the transmitted data and obtain the user's secret or critical information.
3. Scripts
A Script is a sequence of instructions. These tasks run in the background so no one notices. Malicious scripts are designed to harm the victim. They can hide in images, documents, and web links. The goal is to encrypt or steal your information and empty your wallet.
4. Phishing
Phishing is a social engineering attack in which an attacker attempts to steal sensitive information by posing as a trustworthy entity. This can include emails, text messages, or phone calls that appear to be from legitimate sources.
5. Fake Wallets
A fake crypto wallet is a scam where an attacker creates a malicious application that looks and functions like a legitimate wallet. Attackers use it to infect your system and steal your seed phrases.
6. Malicious Smart Contracts
Smart contracts are programs stored on a blockchain that run when predetermined conditions are met. Malicious contracts act the same but only to harm the user. They are used to empty your wallet. "Airdrops" and "free claims" are often used as bait.
Operating Systems in the Mix
The most common operating systems are Windows, MacOS, and Linux. Each of these operating systems is safe when you use it properly. None of them is safer than another for your daily crypto work.
There is the insinuation that MacOS or Linux is safer than Windows. And this half-knowledge is wrong. The market share of Windows is 74%, MacOS is 15%, and Linux is 3%. That is the simple reason for more attacks on Windows.
Attacks on operating systems are increasing rapidly. They evolve day by day. But it is not impossible to protect against them. By following some simple rules, you can keep your Windows safe.
Have at least three accounts- The first is your administration account with all permission. Use this one only for installing, maintaining, and updating. The second account is your working account with limited permissions. Use this only for daily work. The third account is your crypto account with limited permission. Use this one only for your hot and cold wallets. This will protect you from malicious software that requires administrative permission.
Keep your software updated- Regular updates ensure you have the latest security patches and bug fixes. Use anti-virus software: Install reputable software to detect and remove malware and other security threats.
Use a firewall- Enable the built-in firewall to protect against unauthorized access to your computer. Use strong passwords.
Be careful when downloading software- Only download software from reputable sources, such as the operating system store.
Final Thoughts
The rise of crypto has made it increasingly important to understand how to protect digital funds. Cyber attacks are becoming more common, with hackers targeting crypto wallets. Various types of attacks can be a danger to your assets.
Creating strong passwords and using operating systems that are regularly updated and protected against vulnerabilities is essential. Following these rules and being cautious when using digital assets can help protect against nearly all potential threats and safeguard.
You may also like, Crypto Security: A Guide to Ponzinomics to Recognize and Prevent Loses.
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