HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Bolster Your Personal Opsec With This Crypto Investor Checklist

Crypto 2019/12/02 22:00 by Tony Spilotro

As the internet grows and more and more of the mainstream public find themselves on the world wide web, so does cybercrime – making it especially important for crypto investors to pay close attention to personal cybersecurity.

Here is a list of the most important steps a crypto investor – or anyone concerned with their privacy – should take to protect themselves from online predators seeking to access your sensitive data and accounts.

Why OPSEC Is Important for Crypto Investors

OPSEC stands for operations security and is defined by Wikipedia as the process of identifying and protecting critical information that could be pieced together by “adversaries,” or in the case of crypto investors, cybercriminals, who may be seeking to access user’s crypto accounts hoping to steal their funds.

Related Reading | Bitcoin Bull Jack Dorsey’s Twitter Hack Is a Wakeup Call for Crypto Security 

The term was coined by a Vietnam era security team under the order of United States Admiral Ulysses Sharp and is commonly used by military entities around the world to this day. But it’s also become widely used to discuss personal data security needs of ordinary individuals – a growing issue in the digital age where sensitive user data is exposed both on purpose via social media, and without consent via hacks or other data breaches.

Crypto investors need to take personal OPSEC even more seriously, as according to a Google security expert claims, cryptocurrency is like catnip for cybercriminals, due to the added layer of anonymity they provide, making tracing their trail of crime all the more difficult.

Protect Your Assets With This Personal Security Checklist 

Despite the very real dangers, crypto investors can take a number of steps in order to protect themselves from any would-be attackers.

First, signing up for a secure email provider is a must. Encrypted services such as Protonmail or Tutanota are recommended. Never use your real name as an email address for sensitive user accounts, and be sure to use a unique email address for your email address that doesn’t match the password of any sensitive accounts.

Protonmail also offers a VPN or virtual private network service, that can mask a user’s IP address, further protecting privacy.

Never link your phone number to a cryptocurrency exchange platform in any way, as hackers have begun targeting users via SIM-swap attacks, gaining access to a user’s phone in order to intercept SMS-based two-factor authentication codes.

In fact, SMS-based two-factor shouldn’t be used at all, and Google Authenticator should be used on a separate, offline device, with any and all authentication codes backed up offline for safekeeping.

Related Reading | Crypto Hardware Wallets on Sale During Cyber Monday

Keeping crypto-assets off of exchanges in a cold storage wallet is also recommended, as even if hackers are able to gain access to your account data, there won’t be any crypto assets to steal. This also protects from the exchange itself from potentially being hacked, resulting in a loss of funds.

Always keep crypto assets offline in cold storage, never disclose how much cryptocurrency you are currently holding, and never invest more than you can afford to comfortably lose.

The post Bolster Your Personal Opsec With This Crypto Investor Checklist appeared first on NewsBTC.

0 Like(s)



You should also read...

Bitcoin 25/11/19 18:00 by Tony Spilotro
Crypto Investors Torn On If A New Bitcoin Bottom Is Realistic
The leading crypto asset by market cap, Bitcoin, is once again trading in the low $7,000 range after taking a short trip below the level to as low as $6,500 before rebounding to the current price of $...
Read More
Crypto 26/11/19 14:16 by Guest Author
Emirex Doubles Down with IEO Announcement, Building a Comprehensive Crypto Ecosystem in the Middle East
The cryptocurrency space has seemingly revived in 2019. After a massive blood-letting through the course of 2018, the space has begun to regain a new life. The price of Bitcoin, for example, increased...
Read More
Crypto 28/11/19 05:46 by Guest Author
WestWallet — A Revolutionary Multicurrency Crypto Wallet for Storing and Transferring the Most Popular Cryptocurrencies
With over 2,000 cryptocurrencies in the market today, there is a need to use the best multi-currency crypto wallet to store these assets. One of such is WestWallet, a platform that supports most of t...
Read More
Bitcoin 28/11/19 20:00 by Tony Spilotro
Should Bitcoin Investors Be Thankful It’s Thanksgiving?
Bitcoin has in some ways become synonymous with Thanksgiving. It was two years prior when dinner table talks with family members about the first-ever cryptocurrency turned into extreme FOMO resulting ...
Read More
Bitcoin 29/11/19 17:59 by Tony Spilotro
Accurate Trader Calls For $1K Bitcoin and Destruction of Crypto Industry
It’s almost been two full years since the crypto hype bubble, and the leading crypto asset by market cap, Bitcoin is trading at roughly 35% of the price it reached during that peak, while the rest o...
Read More