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GUEST ESSAY: Securing your cryptocurrency — best practices for Bitcoin wallet security

The Last Watchdog

Over time, Bitcoin has become the most widely used cryptocurrency in the world. Backup, backup, backup. To guard against data loss, it’s crucial to regularly create backups of your Bitcoin wallet. Wallet backups provide a safety net in the event that your device breaks down, is misplaced, or is stolen.

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4 Ways to Store Backup Codes, Keys, and Seed phrases

Security Boulevard

Backup codes, keys, and seed phrases are important if you lose access to multifactor authentication (MFA) methods or are otherwise completely locked out of your accounts. There are many methods to store backup codes, keys, and seed phrases. TABLE OF CONTENTS Importance of backup codes, keys, seed phrases 1. Writing down codes 2.

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What Is Encryption? Definition, How it Works, & Examples

eSecurity Planet

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

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The BlueNoroff cryptocurrency hunt is still on

SecureList

Also, we have previously reported on cryptocurrency-focused BlueNoroff attacks. It appears that BlueNoroff shifted focus from hitting banks and SWIFT-connected servers to solely cryptocurrency businesses as the main source of the group’s illegal income. The group is currently active (recent activity was spotted in November 2021).

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Smartphone Ransomware: Understanding the Threat and Ways to Stay Protected

CyberSecurity Insiders

Understanding Smartphone Ransomware: Smartphone ransomware is a form of malware that encrypts the data on a device and holds it hostage until a ransom is paid to the attacker. Here are a few potential risks: 1. Data Loss: Ransomware can encrypt your valuable data, making it inaccessible until you pay the ransom.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 CEOs who say that cybersecurity is the biggest threat to short-term growth have doubled in the past year. The average cost of a breach is $3.6

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Mortal Kombat ransomware forms tag team with crypto-stealing malware

Malwarebytes

Depending on the flow of infection, targets can expect to find a demand for payment to unlock encrypted files or sneaky malware looking to grab cryptocurrency details from system clipboard functions. The email is cryptocurrency themed, and claims that a payment of yours has “timed out” and will need resending.