In the world of Blockchain, Web3 and cryptocurrencies, despite the promise of independence, decentralization and privacy, a stark reality lurks beneath the surface: the ever-present threat of cybercrime.
As the use of crypto increases, so does the cunning of scammers, who stole a fat $4 billion in crypto assets by 2023 alone. With 90% of people vulnerable to such attacks due to a lack of basic cyber security knowledge, it is clear that protecting your digital assets is of utmost importance.
So let's see what you can do about this if anything. Here's a plan to protect yourself:
Check your SeedPhrase: Your SeedPhrase is your key to your cryptos. Never store it digitally, but engrave it in steel, keep it in a safe place and guard it with your life. Remember that 99.9% of the players in the crypto world who ask for it have bad intentions to extort this information from you. So don't fall for it.
Always be alert: Beware of phishing websites and always check the authenticity of web links to crypto projects. Put trusted websites in your favorites and avoid connecting your wallet to random platforms.
Use Hardware Wallets: Especially when larger amounts are involved. Hot wallets are prime targets for online scammers. Therefore, shield your assets with hardware wallets such as Ngrave or KeepKey, for example, to keep your private keys offline and out of reach.
Secure yourself with 2FA: But not just any 2FA - opt for authentication apps like Authy to combat cell phone spoofing, a favorite tactic of cybercriminals.
Encrypt your communications: Choose privacy-oriented email providers like ProtonMail to shield your correspondence from prying eyes. Assume that anything sent through non-end-to-end encrypted channels can be made public.
Always check your Web extensions: Download only Web extensions from trusted sources and check permissions carefully. Remember that even seemingly innocent plugins can contain malicious intentions.
Test crypto transactions first: Before sending a large amount of money with your cryptowallet, perform a small test transaction to make sure everything is in order. It's a small step that can prevent catastrophic losses.
Reinforce your WiFi: never conduct transactions on public WiFi and don't allow strangers to connect to your hotspot. Stick to trusted networks to avoid potential data leaks.
Trust your passwords to Password Managers: End the risky habit of storing passwords in insecure apps. Choose verified Password managers like KeePassXC to keep your data under lock and key.
Beware of social engineering: Assume everyone has ulterior motives online. Avoid sharing sensitive information and never give remote access to dubious individuals.
Protect yourself with VPNs: Use a good VPN like ProtonVPN to disguise your online activities and shield your identity. And always prioritize your privacy over convenience.
Create secure backups with VeraCrypt: Hide your backups with VeraCrypt and disguise them as innocent files to outsmart potential hackers.
Armed with these cybersecurity tips, you can navigate the crypto space with confidence. Remember that in the quest for financial sovereignty, vigilance and alertness are your greatest allies.
Stay informed, stay safe.
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