Cyber Security Threats Crypto Investors Need to Watch Out for During the Coronavirus Pandemic

Cyber Security Threats Crypto Investors Need to Watch Out for During the Coronavirus Pandemic

Editorial Team Avatar
May 11, 2020
4 min reading time

The professional workspace is undergoing major changes and revamping because of the Coronavirus. People are working from homes, costs are being cut, avenues to increase revenue generation are being looked at and other strategies are being pursued to improve the health and survival chances of an organization.

Similarly, when you are at home, you are using the internet much more. You are also reading news, keeping yourself informed, and exploring work from home opportunities. In both these instances, you are not concentrating on Cyber Security.

Hackers find natural disasters a very credible window to plant phishing emails, malware, and ransomware on systems. In this article, we will be dealing with the most popular kinds of cyber-attacks, which you should be aware of during the Coronavirus pandemic.

How Can You Protect Yourself from Cyber-Attacks During the Coronavirus Pandemic?

Source: FoxBusiness

No one wants to get hacked, at any point in their lifetime. During the Coronavirus crisis, you need to be aware of some important elements. For example, you always need to ensure that your Anti-Virus software and Firewalls are always up to date. If you are using a Free Version, now would be a good time to upgrade.

You should also change your passwords and ensure a high difficulty level at all times. Changing passwords help in increasing your security in many ways. The longer and more complicated your password, the better it works as a defense against hackers and scam artists.

Lastly, it is important to not open emails and attachments from questionable websites or platforms. Hackers are using domains that are spelled as and sound like the ‘Coronavirus’. They are also using phishing emails with the subject line involving the CDC or WHO. As most of us are panicking, we are very likely to open or download attachments from a source, which claims to be WHO or CDC.

Why the Cryptocurrency Ecosystem Is Facing the Wrath of Online Scams and Cyber-Attacks?

One of the most commonly reported hacking incidents involves Bitcoins. Police and legal authorities are warning people of attempts being made by hackers to extort people into paying them ransoms in the form of Bitcoins and other cryptocurrencies.

There are many incidents, which are being reported from American cities and Canadian cities. The Federal Bureau of Investigation (FBI) has released a statement stating that people should be aware of hackers trying to arm-twist individuals into paying them Bitcoins. The anonymous nature of Bitcoins is something that hackers are being drawn to.

Police and cybersecurity experts are advising people to not open emails, which seem questionable. The same goes for downloading attachments as well. Hackers are using leaking intimate secrets on the internet in exchange for Bitcoins in a number of instances.

Is It Safe to Continue Using Bitcoin Trading Platforms and Exchanges?

bitcoin trading

Experts are of the opinion, that it is important that people do not visit or deal with websites or platforms, which are not credible in nature. In other words, it is best to stick to established and reputed platforms and exchanges when trading in Bitcoins.

Great platforms like Bitcoin LifeStyle use cutting-edge state-of-the-art security systems and firewalls to make the platform as secure as possible from any threats. They do this because they value the data, privacy, and financial concerns of their clients.

It is best that you try to avoid spurious websites and platforms claiming to trade Bitcoins. This will give you your peace of mind and allow you to concentrate your efforts on maximizing profits through Bitcoin trading.

Moreover, it is very important to find a safe way to invest in cryptocurrencies, for this reason, there are a lot of apps, such as Bitcoin Trend App, that have been created for this purpose.

There are many people looking to benefit from cryptocurrencies. While the majority of us do it the hard way, others are looking for fast and illegal solutions to achieve the same.

Featured image: Threatpost

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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