You’ve probably read, heard about or even know someone who has got their account hacked. It is a huge problem as bitcoin is becoming a commodity used by the masses. Hackers are using all sorts of clever tactics. Social engineering and account takeovers seem to be becoming the norm.
The issue here is this – when people do not take enough care securing their accounts, their funds are in danger. Treat it as you would a bank account, because this is what it is essentially. Your very own bank account, controlled by you. The best and the worst about bitcoin is that the transactions are irreversible. This is why we need to make sure we protect and secure our wallets and funds properly.
Social Engineering
Social engineering is used by hackers by manipulating people into giving up sensitive info for them to gain access to their accounts. The types of info they are after can vary but normally they are tricking people to give away their passwords or financial accounts’ info to gain access and empty the unsuspecting victims’ accounts of their hard earned money.
Here’s what you need to do to keep your account safe:
*Use Google Authenticator or Authy instead of 2FA via text
*Use 2FA with Authenticator for all your accounts online – your email providers or any other account where your personal info is accessible
*Use different passwords and login details for different accounts
*Be cautious of what info you give out publicly on social media