You must have heard the story of a victim who lost Bitcoin, both in small and large numbers. Most cases like this are indirect hacking, or incidents caused by phishing or fraud because people don't know how to properly protect Bitcoin and crypto.
Actually, incidents of hacking like this can be easily avoided if we do the right security procedures.
How to protect Bitcoin and your crypto assets may sound like a big and difficult task, but actually you must do these precautions and best practices for your bank's online account.?
First step: Choose a company that has good reputation and can be trusted.
The first step to protecting Bitcoin is to make sure you choose a reputable company to buy, sell, store and manage your Bitcoin and crypto assets.
Before handing over your money or details of your identity, you need to do a company health check:
- Make sure the company has a guaranteed track record
- Identify the owners and employees on LinkedIn
- Consider company procedures in verifying customers and preventing crime
- Research companies that support the company
Many security breaches within this scope can be avoided by implementing additional security measures. Make sure you are comfortable with the company you choose and then do the following steps to protect your money (and data).
Second step: Protect yourself from hackers.
The best security doesn't stop at finding a reputable company. If you don't do your duty to protect your account, there is no back-end security that can prevent hackers from stealing your Bitcoin.
It's like keeping your home safe. Even high-tech locks or padlocks won't keep you safe if you leave your door wide open. Hackers tend to exploit the weakest link in a security system.
With a few simple considerations, you can do the following ways to protect your Bitcoin:
- Stronger password security: use a unique password with a minimum of 16 characters and never share it with anyone
- Enable two-factor authentication: with this, no one can access your account without access to your mobile
- Protect your email account: use a secure, unique and complicated password and enable two-factor authentication
- Your account key: if you suspect your account is compromised or accessed by someone else, immediately lock your account.
Third step: Learn how to recognize fraud and phishing
Phishing attacks occur when criminals create websites and emails that look like those of a trusted company. Using this imitation, they then trick you into giving your important details, such as your sign-in information or payment.
You may receive an email from your Bitcoin Wallet provider asking you to check the latest activity. When you click the link in the email, you are suddenly asked to re-enter your payment details. If you are stuck, criminals will get your information. This is one form of phishing.
This doesn't happen only to Bitcoin or crypto assets.
Phishing activity has attracted the attention of all internet citizens. Phishing is done not only for crypto users, but also for online accounts.
At first glance, this imitation looks genuine but he asks consumers to enter their account by entering an email and password, or other log-in details. Many are trapped because they think e-mails are sent by trusted companies, even though they are not.
Even though this is not a company error that the phishers imitate, phishing can damage the company's reputation because people may not understand that the attack originated from another place. The only step that a trusted company can take is to try to educate its users about phishing. But actually, all still depend on you as the owner of the account to pay extra attention so as not to get caught up in these frauds.
To make sure you are not a victim of phishing attacks:
- Always check the URL of the website before entering or clicking on an ad
- Type the URL directly instead of looking for the company name on Google
- Never share your password or payment details via email or cellular messages
- Pay attention to your intuition - if something feels wrong, double check
- Don't offer your details for no reason and be careful with sensitive information (for example, your PIN)
- Check your email address before replying to an email
- If you are unsure of a website, try logging in with a fake password
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