Over the past few years, we have seen numerous threats to the security of data stored virtually and also to data in transfer during the execution of commercial transactions. With the increasing importance of cryptocurrencies like bitcoins, here are some tips on how we can protect your virtual wallet.
Bitcoin: a safe option?
It’s fair to say that of all the protocols for virtual currency transactions, Bitcoin has been the most successful in standing out and establishing its name in popular economic jargon. Since its early days, this system has demonstrated advantages in terms of security, as well as weaknesses that have been subject to heated debate after various attacks on Bitcoin.
One of the most famous recent incidents was the attack on the bitcoin exchange script, Bitstamp. On this occasion, 19,000 BTC were stolen after the virtual wallets belonging to the exchange were compromised. The equivalent value of the resulting loss amounted to an astonishing USD 5 million.
In a previous article, we mentioned Pony Loader 2.0, a Trojan capable of locating and robbing wallets stored on an infected system. This time, the threat was not limited to the theft of bitcoins, but it also sought to take cryptocurrencies from other protocols, such as Litecoin.
Read More @ http://www.welivesecurity.com/2015/03/03/10-tips-protecting-virtual-bitcoin-wallet/
Bitcoin: a safe option?
It’s fair to say that of all the protocols for virtual currency transactions, Bitcoin has been the most successful in standing out and establishing its name in popular economic jargon. Since its early days, this system has demonstrated advantages in terms of security, as well as weaknesses that have been subject to heated debate after various attacks on Bitcoin.
One of the most famous recent incidents was the attack on the bitcoin exchange script, Bitstamp. On this occasion, 19,000 BTC were stolen after the virtual wallets belonging to the exchange were compromised. The equivalent value of the resulting loss amounted to an astonishing USD 5 million.
In a previous article, we mentioned Pony Loader 2.0, a Trojan capable of locating and robbing wallets stored on an infected system. This time, the threat was not limited to the theft of bitcoins, but it also sought to take cryptocurrencies from other protocols, such as Litecoin.
Read More @ http://www.welivesecurity.com/2015/03/03/10-tips-protecting-virtual-bitcoin-wallet/
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