Here’s what you need to do to safeguard your digital wallet against cyber attacks
Here’s what you need to do to safeguard your digital wallet against cyber attacks

Here’s what you need to do to safeguard your digital wallet against cyber attacks

Zara

5 min
Business & Finance
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<p>Every day, cyber-threats grow in scope. However, there is something you can do to safeguard your interests. </p> <p>Hacking as a weapon of war (hot or cold) isn't exactly a novel concept. This is already taking place and will continue to take place. Meanwhile, the United States government is struggling to digitally secure its infrastructure because simply being connected to a network is no longer safe. Do you really believe your digital wallet is more secure than the nation's power grid, especially if it's linked to a site run by a tech company, no matter how secure the blockchain appears to be? </p> <p>This may sound alarmist, but as a former U.S. Army Signals Intelligence Analyst and Intelligence Advisor currently pursuing a master's degree in intelligence analysis, I am well aware of the dangers. And the dangers are becoming more prevalent. </p> <p>The good news is that you can safeguard your cryptocurrency investment right now. It's a technique known as "air gapping." Air gapping is the practise of storing data in a location without a hardline or wireless connection (including a power source). </p> <p>By disconnecting your cryptocurrency and storing it in your pocket rather than in the cloud or on a network, hackers are unable to remotely steal or corrupt your data because they must first physically gain access to your wallet. This necessitates the use of a cold storage device, such as a hardware wallet, in the case of cryptocurrency. Consider it a portable hard drive that protects your intangible digital currencies with physical security. You take a risk if you do anything less. </p> <p>Do you want to be inspired? </p> <p>With each large hack that makes headlines, it becomes clear that, while cryptocurrency strives for decentralisation, the blockchain does have centralisation risks. According to the blockchain security firm Certik, at least $500 million was stolen in 2020. In 2021, hackers targeted DeFi and stole another $1.3 billion. And the year ahead isn't looking promising. An $80 million hack o

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Here’s what you need to do to safeguard your digital wallet against cyber attacks - Listen Free | WowFM