Understanding Hack Attacks on Cryptocurrency Sep 28th

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Understanding Hack Attacks on CryptocurrencyYou’ve probably heard many good things about cryptocurrency; how people reaped good returns after Bitcoin’s unit price skyrocketed. You want in on the virtual currency gravy train and have some extra cash to spare for this venture. But maybe you’re a bit hesitant.
Unlike traditional investment instruments backed by tangible commodities and regulated by the government, crypto seems a bit up in the air. These currencies are tokens or bits of data stored on different computer systems. What if cybercriminals attack those systems? Viruses, malware, ransomware, and other kinds of common threats can affect systems hosting cryptocurrency.
Phishing and Malware
We all know what a phishing attack looks like, an unsolicited email from a legit-looking source asking for your personal information. Innocuous as it seems, this is how one of the biggest cryptocurrency hacks began. Such emails are not entirely random shots in the dark. Attackers do plenty of digging around to see what things pique their targets’ interests to increase the chances of them clicking the email open…

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