Four Reasons You Should Start Investing in Cryptocurrency and Security

Cryptocurrencies have left the fringes of internet forums for good. Ages had passed since the legendary ‘pizza day’ when 10,000BTC bought two Papa John’s pizzas. Today, only 11 years later, those pizzas would be worth over $50,000. It goes to show how volatile cryptos can be. Cryptos are among the hottest topics of the day, and the example of top crypto investors keeps attracting more interest to the subject.

Come with us and learn more about the best crypto to invest in 2021, crypto gambling and more. Finnish players looking for a good crypto casino should follow our guest specialist, Maunu Seppinen, to find the best options.

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Cryptos and Minefields

The volatility of cryptocurrencies may scare more conservative investors away. Still, cryptos are receiving more investments every year. Earlier this year, cryptos reached an all-time high trading volume of $68.3 billion. It means that cryptos are everywhere now. Cryptos and online casinos seem to be getting along just fine. Top-quality platforms, such as Joy Casino, are available for gamblers from the Land of the Thousand Lakes.

Perhaps, one of the most widespread falsehoods about cryptos is that they can’t be stolen. Crypto owners with that mindset could be in for a nasty surprise. Although no one will take it away from you in the same way that physical cash can be pick-pocketed, your cryptocurrencies can indeed be stolen. Worse still, those digital assets are untrackable, so they’ll be lost forever.

So, before worrying about which crypto to invest in, consider how you’ll keep your digital assets safe. In this section, we’ll talk about the main kinds of attacks.

Reverse-Proxy Phishing

Phishing is an online scamming technique that never gets old. In this version, the phishing scam is ready to bypass the 2FA (two-factor authentication) used by crypto-wallets. This attack is also known as “session hijacking,” and it’s almost impossible to neutralize it once it’s in motion. Consider using a 2FA that employs a security key. Better still, refrain from clicking on suspicious links.

Cryptojacking

The process of creating a new unit of cryptocurrency is called “mining.” In this attack, cybercriminals don’t steal directly from your wallet. Instead, they use your device to do the mining for them. Victims are typically infected via malicious links and .exe files. The computers attacked then became “zombies.” Mining is an exhaustive process and can wear out your machine, so keep your antivirus updated.

Clipping

The malware called cryptocurrency clipper can gain access to your computer through a trojan backdoor. They can also be downloaded disguised as PDF readers or mobile games. Once in your machine, this clipper copies your wallet address and replaces it with a hijacked one. A simple way to counter this attack is to always double-check your wallet address.

Dusting

Dusting attacks are more like digital baits to track your funds back to your wallet. Cybercriminals use this method to create compelling phishing attacks. Typically, sending an email to the victim, claiming to be a client who didn’t receive their cryptos. In this email, they’ll paste all your wallet’s information to make it look more authentic. You can avoid this threat by creating a new wallet address for each transaction.