Bitcoin Security
As with any finances security is of paramount importance, more so with bitcoin considering its nature as a digital asset. When using online banking there are several steps to go through for security purposes. Bitcoin is a little different but the principles are the same. Many people choose to leave their bitcoin on an exchange in a hot wallet and let them handle the security side of things and the private key. This is not always the best idea for those holding a lot of bitcoin since exchanges can and do get hacked on occasion.
Other options for bitcoin security include cold wallets which are disconnected from the internet. These are far more secure but the user must be responsible for both the public and private keys and the physical hardware. There are other things to be aware of regarding bitcoin security such as taking care when copying BTC addresses. There has been a lot of malware lurking around recently which alters copied wallet addresses or poses as a genuine crypto application to compromise security.
We have a number of cyber security specialists at Bitcoinist who are constantly on the alert for the latest scam, hack or security vulnerability which we will report to keep you and your bitcoin safer.
Bitcoins Worth $300,000 Recovered by ‘Breaking Zip Encryption’
A cryptographer has posted an article discussing how he cracked an encrypted zip file to recover a lost hoard of Bitcoin keys. This story underscores the need to keep keys safe, and...
Microsoft 10 Security Flaw Threatens Crypto Users
A Microsoft security error has been discovered in the latest version of Windows Defender. This flaw opens the door to malware that may compromise the integrity of crypto wallets and...
Lost Your Bitcoin? Here Is How You Can Recover It
A programmer has released a tool that can recover lost Bitcoins using partial key data. The program simplifies what can be a painstaking and frustrating process when wallet data has...
Stay Safe From Coronavirus but also Keep your Bitcoin(s) Safe
The time is ripe for another round of scams and shady schemes, as the coronavirus panic is used to extort potential Bitcoin buyers. Beware of scammy schemes or shady exchanges...
Could Crypto Exchanges, Wallets be Targeted with Banking Trojans?
Sophisticated malware strains that usually target online banking services may pivot towards crypto exchanges and wallets in 2020. RATs Could Target Crypto Exchanges and Wallets in 2020...
New Microsoft Browser Combats Crypto Mining Malware
To protect users from unintentionally downloading crypto mining scripts, Microsoft is releasing its new Edge browser, which is designed to block this type of malware. Microsoft...
Crypto Ransomware Paralyzes California School District
A crypto ransomware attack shut down the Mountain View-Los Altos school district servers and phone system on Wednesday. The malicious software demanded Bitcoin as ransom to restore...
Kraken Finds Critical Security Flaw in Trezor One and T Wallets
Kraken Security Labs has identified a critical security issue in Trezor hardware wallets which enables seeds to be extracted from the devices. Kraken Finds Flaw in Trezor Wallets...
Crypto Mining Malware ‘Dominates’ Cyber Criminal Activity, Report
Just like any other industry, the crypto industry is highly vulnerable to cyberattacks in 2020, according to a Check Point Research‘s cybersecurity report. Cloud Infrastructure a Big...
CFTC Hunts Down Multi-Million Dollar Crypto-Ponzi Scammer
The U.S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds...
Is Bitcoin Resilient Enough to Take on Cyber Threats in 2020?
Experts predict that Bitcoin and other cryptocurrencies will gain momentum in 2020 and therefore will become increasingly pervasive in all industry sectors. There will also be an...
Kraken: Keepkey Crypto Hardware Wallet Has an Alarming Flaw
Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on...