LUCKY CATS

A few months ago, Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date. It’s events like this that confirm crypto isn’t safe, and that an investor must do everything they can to protect their assets from hackers and criminals.In this article, I’ll walk you through six solutions to help you keep your assets safe.How to protect your Crypto HoldingsThese steps are simple and effective and can be used by anyone. We start with the most important one!1. Use a Cold Storage Hardware WalletBuy and use a cold wallet, also known as a hardware wallet. Cold wallets do not connect to the internet therefore, they are not prone to cyberattacks. Storing your crypto and private keys in a cold wallet, is the most viable option as these come encrypted, keeping your crypto and keys secure. There are many versions, and the industry standard and best choice at the moment is the Ledger Nano, as its a great option for everyone.To confirm this strategy, in 2019, the Japanese exchange BITpoint<a href="https://cisomag.eccouncil.org/attackers-nab-32-million-from-bitpoint-cryptocurrency-exchange/" rel="noopener noreferrer nofollow"> discovered</a>an unauthorized withdrawal of $32 million from its hot wallet in different cryptocurrencies targeting more than 50,000 users. The exchange held five cryptocurrencies in its hot wallet: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. However, BITpoint clarified that its cold wallet and cash holdings were not affected by the incident. That&#39;s more than enough evidence to get a hardware wallet.2. Use a Secure Internet ConnectionWhile trading or making crypto transactions, use only a secure internet connection and avoid public Wi-Fi networks. Even when accessing your home network, use a VPN for additional security. A VPN changes your IP address and location, keeping your browsing activity safe and private from threat actors.3. Maintain Multiple Online WalletsSince there is no limitation for wallet creation, you can diversify your cryptocurrency investments in multiple wallets. Use one wallet for your daily transactions and keep the rest in a separate wallet. This will protect your portfolio and mitigate the loss of any breach to your online crypto account. The general rule of thumb is to keep 95% of your crypto in a hardware wallet, and 5% in a online wallet. Unless your staking your crypto. If staking, then its a calculated risk of keeping a portion of crypto on an exchange that is open to attacks by hackers.4. Secure Your Personal DeviceMake sure your personal device is up to date with the latest virus definitions to defend against newly discovered vulnerabilities. Use a strong anti-virus, firewall, and password to improve your device’s security to avoid hackers from taking advantage of the weakness by writing code to target the vulnerability.5. Change Your Password RegularlyWe cannot underrate the importance of a strong password while talking about security. According to a <a href="https://www.prnewswire.com/news-releases/password-recklessness-leaves-american-millennials-at-risk-of-data-theft-301053289.html" rel="noopener noreferrer nofollow">study</a>, three-quarters of millennials in the U.S. use the same password on more than 10 devices, apps, and other social media accounts. It also stated that most of them were using the same password in over 50 different places. Make sure you have a strong and complex password, which is difficult to guess, and change it on a regular basis. If you’re unsure how strong your password is, check out this matrix that shows how fast a hacker can find your password with the brute force method. Use separate passwords if you have multiple wallets. And Opt for two-factor authentication or multi-factor authentication for additional security across exchanges.6. Don’t Get PhishedPhishing scams via malicious ads and emails are rampant in the cryptocurrency world. Be careful while making crypto transactions and avoid any suspicious and unknown links.In a recent cryptocurrency heist, a hacking group “CryptoCore” targeted cryptocurrency exchanges via spear-phishing campaigns. Attackers stole cryptocurrency worth $200 million in two years, targeting companies in the U.S. and Japan since 2018.<a href="https://www.clearskysec.com/wp-content/uploads/2020/06/CryptoCore_Group.pdf" rel="noopener noreferrer nofollow"> ClearSky</a> stated that CryptoCore initiated a reconnaissance phase to identify the email accounts of the cryptocurrency exchange’s employees and security executives before conducting a spear-phishing attack. These attacks were performed using fake domains impersonating affiliated organizations and employees, and by embedding malicious links in documents via emails.The average investor didn’t even stand a chance when it came to this sort of attack, so choose the crypto exchange you use wisely.Well, there we have it, the six steps to keep your crypto investments safe.If you enjoyed reading this article and got value from it, please follow LUCKY CATS for more as we routinely publish new articles on Lucky Cats project and how you can make money investing in cryptocurrency. One of the best trick is to buy early. Buy good projects early and wait. I&#39;m pleased to inform you that Lucky Cats private sales is still on! Buy NOW, be early and make life-changing gains. The Kat(z) will beat the &#34;Dog(e)&#34;Private sale link to buy Lucky Cats tokens &#x1f449; <a href="https://luckycats.games/invest" rel="noopener noreferrer nofollow">https://luckycats.games/invest</a>Website : <a href="https://luckycats.games/invest" rel="noopener noreferrer nofollow">https://luckycats.games</a>Written by : Garry

Hackers Want to STEAL Your Crypto! Here’s 6 Ways How to Keep it SAFE

KATZ

Other articles published on Nov 9, 2022

WeSendit’s Staking Option Explained For You

Fidelity Investments Will Offer Commission-Free Retail Crypto Trading

F1 Team Haas-F1 to Mint Licensed NFTs With Opensea Marketplace

Umbria Monthly Update - October

What is the Merkle tree certificate that several top CEXs announced publishing as proof that they...

Touchpoint Open Builders Program Welcomes Zokyo

Join our free newsletter for daily crypto updates!