Bitcoin's Market Cap is Over $100 Billion, Which is a Good Time to Cover Top 2019 Hacking Methods

    Hackers continue to perform their activities all over the world. These activities remain a large problem for users and individuals and it is sometimes complicated to avoid. As technology moves forward and social media expands, hackers and scammers, improve their tactics in order to remain as effective as before.

    Hackers Remain Competitive

    One of the ways to protect our data is by using difficult passwords. Hackers just need to run the software and try several combinations before they are able to access our accounts. This is why it is very important for users to have strong passwords. Moreover, hackers would clearly be in power of almost all our services if they are able to get just one password. Many users tend to use the same credentials for different sites, so if an attacker discovers them, he could use it for other websites and services.

    Phishing scams are still present in our times. Attackers send fake links to users in order for them to write their login credentials. In general, these hackers build websites that imitate those in which the user generally works. For example, in the cryptocurrency space, several hackers have created websites that look the same as recognized exchanges such as Binance and promoted them in Google for users to enter these sites and leave their private information.

    There are also some other more sophisticated attacks in which users receive shady links and files that look suspicious and that could affect users. These files are downloaded and affect users’ devices. Attackers add malicious files in these files or links that users download and install ransomware or a cryptojacking program, among others.

    Cryptojacking attacks affected users that downloaded these files. An attacker installed software that mined virtual currencies using the user’s CPU power. Furthermore, with ransomware, users would have to eventually pay to recover their files that were frozen and taken as ransom by an attacker.

    Another reason why users can be attacked is due to outdated security software. There are several individuals that do not update their software packages, which could eventually affect their security if an attacker exploits outdated security features.

    There are other methods for users to be affected by hackers. These attackers could use the SIM-swap scam in order to be able to have access to 2FA codes using SMS or just a phone call. This would allow them to have control of users’ accounts, specifically in banks, crypto exchanges, social networks and more.

    The cryptocurrency world is specifically vulnerable to these issues. Users need to understand that they are the owners of their digital assets and they need to improve their security measures in order to avoid being hacked and losing their digital assets.

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    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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