6 Oct, 2020

A Guide to Crypto Hacking: How to stay safe

Theft of cryptography is a long-standing problem in the industry from the beginning, and the fact that there are no dispute resolution tools makes it a prime target. Also, the lack of laws and regulations, coupled with a lack of knowledge of law enforcement services, make cryptocurrency a prime target for criminals. A long line of high profile incidents from the past have led companies and individuals to adopt stricter security measures, but hackers have always proven to be smarter, finding new ways to overcome increased security. With the price of encryption again, there is a fear that the number of attacks will increase as it is more profitable than before. Here are some popular operating methods used by hackers to steal encryption.

How It Works
Most attacks can be classified into two broad categories, exploiting a weakness in software users (infecting computer users with some kind of virus) and exploiting weaknesses in the human crisis, for example, by requiring users to hand over credentials to the wallet. their. This sort of classification is ideally valid, as most attacks involve a combination of both bad user judgment and software error. Therefore, it is better to sort attacks by attack method as it will give a more meaningful picture.

Excerpt from the clipboard
This method is largely unknown to users and those affected by it and leaves the victims embarrassed as they have no idea where the attack originated. Most users are very lazy and let’s be honest, it is very difficult to remember and type the long alphanumeric private key. This leads users to adopt a copy policy, which is why the hacker uses it to launch an attack. Clip hijackers, also known as clips, are a type of malware that is able to detect a clipboard event, especially those used to store a crypto wallet address. This then triggers a scenario that replaces the correct address with that of an intruder, causing the digital currency to flow straight into the thief’s wallet, leaving the victim with no idea what is going on. The same scissors method can be used to get passwords and keys as well.

Crypto jacking
It is the kind of theft where no money is stolen. Here, the encrypted bugs of malware on the host. This may sound harmless, but can sometimes affect the victim with a large electricity bill, especially in places where the cost of electricity is high. There is also another additional disadvantage facing the victim. This is the loss of computing power. Most such malicious programs try to run in the background without being detected, but some are really greedy by taking a huge chunk of victim’s computers. An interesting fact about these jackers is the correlation of such attacks with the value of the cryptographic.

Web site cloning
There are deep websites that provide illegal services. It is difficult to verify the authenticity of these sites due to the nature of the deep web, and people using such services, such as drug users, lack the technical know-how to identify these sites. This makes such sites an ideal candidate for cloning. The intention is to deceive users into transferring Bitcoin to the cloner’s account. Some cloned sites, such as in the case of the encryption platform, even infect the visitor with both clipping machines and hijacker software.

Social engineering
This is a favorite of rogues everywhere not only in cryptography. This usually involves identity theft, and using that identity the fraudster transfers funds from the victim to their account, or more often spends it. These types of attacks are usually less technically advanced and involve human error and lack of knowledge, but there are cases where technical methods are used. Recently, the case of SIM switching is increasing. In this case, we cannot blame the victim, as telecommunications companies make it easier for people to transfer between networks and this has made it easier for fraudsters to do their job. Once the SIM card is changed, two-factor authentication can be easily broken. Most of the time, users are blamed for the majority of scams that they have