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Why Crypto Investors Need a Cyber Wake-Up Call?

Photo by André François McKenzie on Unsplash

There were times when the crimes were limited to stealing precious items and ransomware from family members. However, since Bitcoin was introduced and technology has taken a swift turn towards introducing new software, the crimes also have altered ways. To choose a secure trading platform you need to visit thecryptopunks.com.

As you step into the cyber community, you will notice that the surge in cybercrimes has trifold over time. The government and other industries have taken a few steps to stop the cybercrimes but have the media, cyber government, and the pundits done enough? Have they given enough cyber wake-up calls to halt the cyber breach and massive exfiltration?

Similarly, the digital financial world is under threat too. Narrowing down the road, the crypto investors are highly prone to cyber-attacks and hence need a cyber wake-up call periodically.

But, what exactly is a cyber-wake-up call? Why it is primarily directed toward crypto investors? Let’s find out the details.

Wake-up Call?

Many of you may take a wake-up call as a call from a known person to take care of things at your disposal. At the same time, cyber security works a bit differently.

A wake-up call in the world of cyber security is quite concerning. It is to alert crypto investors to look after their investments. There are criminals from the dark web lurking around each nook and corner trying to steal valuable information and passwords by which they can steal the crypto wallet and the cryptocurrency in it.

But why is cryptocurrency under attack? Is it easy to steal? Why are crypto investors on top of the list of cybercrime? Read along to find out.

Crypto Exchange

Like every other exchange company, cryptocurrency has its crypto exchange units. These cryptocurrency exchanges deal with vast amounts of transactions throughout as they are virtual and are available at all times. This virtual money roams worldwide as the investors can originate from anywhere.

Since the blockchain-related to crypto has deep roots, some people become a part of it only for one purpose: compromise hacking. These hackers can be from anywhere, and since everyone is anonymous, they can steal hundreds and millions of cryptocurrencies at a glance.

It is vital that crypto investors need a cyber wake-up call. It tells them to secure their account and keep an eye on any weird activities related to their crypto accounts.

Online Information

Many crypto investors have a habit of posting and sharing personal information online. It may boost their investments and let the people know about their next move. But little do such investors know that these tricks can become a significant setback.

The hackers keep track of what is happening and which investor has done massive transactions. It is easy to connect with these investors and get their online wallets’ passwords and security codes. Once the crypto investors exchange information, hackers will clean the wallet instantly.

Here, the cybercrime units give wake-up calls to all investors. It is vital to be extremely careful while performing any online activity as you cannot trust anyone in the digital world.

Fraudulent Activities

Unlike meeting someone in person, the buyer and seller in cryptocurrency are anonymous. They have hidden usernames and information. Moreover, the altered data may also lead to misleading statistics. It is implausible to meet someone in person over the internet; hence, without consent and knowledge, anyone can become a part of fraudulent activity, willingly or not.

These criminal activities occur infractions where the hackers use your statistics to do money laundering. The cryptocurrency owner might not be aware of such small fractions until the calculations are complete at the end.

Wise Investment

The other need for a wake-up call is when crypto investors look for alternate ways to invest money. Since we have left the traditional systems behind, the new trading of cryptocurrency is quite obnoxious.

It is pretty common to notice that cybercriminals generally throw bug bounty programs to fish the big investors. Once the investors get in touch, the hackers release malicious software that will harm the system of the investor.

This way, the investors can lose valuable information, and until the recovery completes, the cryptocurrency will no longer exist in its place.

These are some of the techniques and tricks that cybercriminals follow. There are loads of new software and programs that attract investors, but not all are worth investing in at the time.

About the author


Patrick Lee