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Without a doubt, the cryptocurrency world is gaining greater prominence by the day. But there are also some serious security problems. Not long ago, Bleeping Computer noticed a controversial case in which hackers tried to steal more than 2.3 million wallets. The belief is that the attackers got their way by using malware and actually, Kaspersky Lab already warned of the same attack earlier on.

Unsuspecting people are to send coins to addresses that are complicated. Because of this, the user has to copy and paste the address when doing transactions. This is where the hackers make use of malware to disrupt the transactions and steal the user details. The particular malware used in the attack is known as Cryptocurrency Clipboard.

The package works by following activities of the users via the Windows clipboard and this allows the hacker to know the cryptocurrency addresses. Once this has been done, the package then replaces it with a new address and then they can complete the attack phase. Users have to know that whenever they are online, they are being monitored by those with malicious intent.

For this reason, it is important that when doing copy and paste of addresses, you should always recheck so as to ensure that the address has not been swapped by the attackers. In this piece, we will dwell on the ways and methods that hackers employ and how you can always protect your wallets.

Methods Hackers Use in Stealing Cryptocurrencies

With the aid of technology, everything is now a lot easier. But not everyone knows how to stay safe while online. Even though there is absolutely no problem with making the best use of technology, it is also crucial to know the downsides. This is even more important in the crypto world where many hackers are dedicated to stealing as many cryptocurrencies as they can lay their filthy hands on. But fortunately for you, this piece will expose all the strategies of the hackers and steps you can take so as not to fall a victim.

Public Wi-Fi

Hacking into Wi-Fi systems is one of the most popular ways hackers use in stealing Bitcoins and other crypto assets. Even though Wi-Fi routers make use of some degrees of protection, hackers have evolved beyond this. They now have applications that can allow them to observe traffic across the Wi-Fi. Using just an ordinary online command, hackers can take over all the traffic on your Wi-Fi network and that means exposing your Bitcoin wallets. To protect yourself from this type of attack, make sure your router has the latest security updates. And do not make use of public Wi-Fi if you need to do crypto transactions.

Phishing

Email phishing has been around for a long time but that has not stopped it from becoming one of the favorite tools of the hackers. They are good at opening seductive phishing pages that you are likely to click out of curiosity. Immediately you make the mistake of clicking the page, you end up giving your private details to the hackers. They will then use that to take over your accounts. To avoid this, do not click on links that look suspiciously attractive. Also, if a crypto website has the HTTP and not the HTTPS in its address bar, run away from it.

Shady Social Media Accounts

Social media has truly connected the world and it has become an integral part of our lives and all we do. But the same social media can be our biggest headache. This is because there are several social media accounts set up by hackers with the sole aim of attacking accounts and stealing from them. To ensure this never happens to you, make sure that you follow only authentic and verified social media accounts. Do not click on links that are suspicious on social media as well.

Bots

There are instances where you will get a message warning you about security problems on your wallet. Such messages are crafted to look genuine but they are actually from bots and were set up by hackers who are intent on stealing your sensitive details. Immediately you click the link, it will redirect you to a platform where you will be told to enter your details. To prevent this, do not have anything to do with bots on slack. Use Metacert to improve your security.

Extensions on Browsers

Browser extensions are now some of the most sophisticated methods that hackers utilize in stealing information. They specifically present these browser extensions as features that can help you but are actually there to steal your details. Never ever install any crypto extensions on your browser. It is as simple as that, better be safe than sorry.

The views and opinions expressed in the article How Hackers Steal Digital Currency from Crypto Wallets and Smart Ways to Prevent Bitcoin Theft do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research..

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