How to Identify and Defend Against a Cryptocurrency Heist

How to Identify and Defend Against a Cryptocurrency Heist

Misinformation relating to cryptocurrency, such as Bitcoin, continues to increase public exposure and vulnerability to cyber crime. Some people have developed an overconfidence in the technology behind cryptocurrency (blockchain), while others have a misunderstanding of how it works entirely. However, the majority of those who trade digital currency have one common characteristic: They don’t fully recognize or mitigate against the risks and threats associated with cryptocurrency holdings.

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What Exactly is a Bitcoin Heist? Real Life Examples

What Exactly is a Bitcoin Heist? Real Life Examples

With the growth of bitcoin popularity comes the danger of hacker attention. Industry insiders estimate that cryptocurrency attacks have cost governments and businesses nearly $11.3 billion in the past decade. As more people invest in bitcoins—some less savvy about security than others—there are new avenues for bitcoin attacks.

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