(Rejected) Hacker group, CryptoCore, records stealing over $200 million from cryptocurrency exchanges
The cryptocurrency hacker group, CryptoCore, has stolen over $200 million worth of cryptocurrency since 2018. According to Bleeping Computer, the hacker group is not only known as CryptoCore, but also known as "Lerry Turtle" and "Dangerous Password." They target cryptocurrency exchange companies.
According to Bussiness Info Security, the hacking group aims toward accessing high ranking employees' login details, and consequently, they are able to gain access to the employees's login credentials by inserting malware on the employee computer, then will able to gain access to the database. They use this method to access cryptocurrency exchange accounts, disables two-factor authentication, and transfer the amount of money to their wallets.
North Korean hackers have also been a threat to cryptocurrency exchanges in Asia, According to the United Nation, North Korean hackers have succeeded in stealing $571 worth of cryptocurrency in Asia from 2017 to 2018.
How to protect your self from cryptocurrency hackers
With the number of cryptocurrency users growing, hackers are out on the search for the best cryptocurrency wallet to hack and make tons of money. It is your responsibility to protect your self from hackers, because you may lose all your cryptocurrency assets if a hacker gain access to your wallet.
Install anti-virus software on your device
Installing antivirus software on your device can prevent your computer from running or accepting malware. Malware is one of the methods cryptocurrency hackers use to access cryptocurrency wallets, so you will need to prevent it.
Hardware wallet
A hardware wallet is a type of cryptocurrency wallet that is in a secure hardware device. The only purpose of the device is to store cryptocurrency, send, and receive. The hardware wallet secure your cryptocurrency in an offline and a secured environment. It is fully protected against malware, even when plugged into a computer affected by malware, it doesn't affect it.
Paper Wallet
A paper wallet is considered one of the safest ways to store cryptocurrency because your private key is generated and can be written offline. As long as your private key is not stored online, the wallet should be safe from hackers. Bitcoin private key can be generated at bitcoinaddress.org, your private key should be stored on paper, as long as you still have the paper with you, you should able to have access to your bitcoin account. It is recommended to create multiple copies and store them in different private places, so in case you lose a copy you can still recover it.
Two-factor authentication
Google Authenticator is a very secure method of protecting your cryptocurrency, a six digit code is generated every 60 seconds making it nearly impossible to guess.
SMS Authenticator
If you use a cryptocurrency wallet like Coinbase, which allows users to login with email and password, It is recommended to enable an SMS authenticator. Enabling an SMS authenticator will make your wallet request for a 6 digit code, which will be sent to your phone number.
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