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Keeping Your Bitcoin Safe From Hacks & Scams

The internet has been around for a while now so most people know that it can be this great service to help you find out information you wouldn’t otherwise have known (and looking up answers to exam questions). And so if you know this, you also probably know that there is a great deal of malicious activity on the internet, people are trying to scam you at every corner and hacks are just a click away. That being said if you’re clever (with a dusting of common sense), you should be alright.

Don’t worry we are going to be linking crypto into this and to do we need to discuss Phishing. This is just one kind of practice which targets you and your coins. The practice relies on the gullible which is a widespread kind of an attack to extract sensitive data like credit card numbers, password, SSN and other kinds of private information you don’t want to share with the world.

Tips and tricks

There is often a lot of tricks on the internet which your browser will be susceptible to and you can be misled to give out confidential data about yourself. There are some devices out there though which are immune to this kind of malicious behaviour. The Trezor device stays offline and isolates these kinds of attempts of scams and hacks to lure you in, for example.

There are many phishing techniques which hook you in to collect information. Similarly to the impersonation techniques, these are designed to rob you of your private keys. When it comes to your cryptocurrencies, you can never be too careful. Some of the different attack techniques include Unicode and cybersquatting.

The latter refers to illegal domain registration or use which comes in many different forms but it usually is there to steal a domain name. Advertisers can be mimicked in Cybersquatting leaving many people fooled by famous faces and trusted public figures.

Unicode can also be known as an IDN homograph attack and relies on the fact that the affected browsers show Unicode characters used in domain names as ordinary characters which makes them basically impossible to tear apart from actual legit domain names. Users get baited in by fake domain names which look near enough the same to the real one and then they can be scammed, hacked etc.

So remember to keep your cryptocurrency safe, as well as your devices. Don’t let hackers and scammers get the better of you!

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