What do you think about privacy and security

[Kelward]

Thank you for raising dis serious concern about cryptocurrency related kidnaps and robberies, di think de gradually get out of hand. For now na for Europe, and America, we de get dis reports about dis physical crypto crimes, who knows when di menace go reach Nigeria, because our people sabi copy bad things. Although I hope say di trend no go enter Nigeria, because we get unimaginable security chalanges for di country, especially kidnaping, banditry and terrorism.

We no need to wait until e enter before we go try to protect ourselves from physical attacks based on our crypto holdings. Di solution na to take our privacy and security very seriously, and e go start by not making our crypto holding public so that we no go become victims of kidnapers and robbers. Remember say Nigeria, no de as advanced as European countries and America, to fight crime so make we de priotize our personal security by keeping low-key on our crypto stash

[Josefjix]

I know say $5 wrench attacks can happen anywhere, but e come be like say e dey popular for France in the last couple of months, based on all the cases wey don happen since then, the police and law enforcement for France suppose look into this matter well well, before it gets out of hand.

Oyibo no dey reason to dey carry security guards along with them 24/7 like the way Naija big men dey do, na their simple life dey put them for trouble, them fit waka for street go buy something from next store closeby without security, so many times bill gates caught on the street standing on the line waiting for his turn to purchase something, you go fit find that thing with naija big men, e no dey.

That said, privacy dey very important oh, particularly for person wey no hodl too much crypto and definitely cannot pay for security details, if you fall under this category and you don't keep your mouth shut about your coins, you might just be a victim someday. But for people wey hodl so much crypto or are popular in the crypto industry, dem suppose invest for security, that is the way they can protect themselves.

Everything depends on the way you package yourself, if you get too much friends where ona dey faji plenty weekends, know say you are liable to enter soup someday, because once your friend notice say you get money pass them either in crypto or fiat, e don be for you, because all this attack dey start from insider, close friends and relatives wey get bad mind for you, so you just have to avoid crowdy lifestyle for your safety first, you know what i mean.

[Agbamoni]

I came across a similar post on the general board, but it wasn’t as detailed as this one here. I want to contribute by saying that there's no point where we can say we're completely secure because security and privacy is a never ending subject

As we try to stay safe, scammers, kidnappers, and robbers are always finding new ways to attack. So, as crypto holders, we must also keep improving how we protect our assets, and more importantly, ourselves.

The first step to staying secure is protecting yourself, even if it means not having a social media account. Sometimes, just having one makes it hard to resist flaunting our wealth, which can attract the wrong attention.

[adultcrypto]

The news of these latest happenings dey shock person enter bone o. Imagination wan really wound me untop the matter because I know say if Naija boys start to get this orientation, e go be serious gbege for those of us wey dey into cryptocurrency, we don even post about am for our social media accounts. Since I read the first post about this incidence, fear never allow me post anything about cryptocurrency for my social media again. For me, I think time done reach when person go hide. 

[Charles-Tim]

I know say $5 wrench attacks can happen anywhere, but e come be like say e dey popular for France in the last couple of months, based on all the cases wey don happen since then, the police and law enforcement for France suppose look into this matter well well, before it gets out of hand.

Yes, now very common in France. Out of the four that I mention, three happened in France this year while one happened in United States. Although, there is another one that happened in United states ending of last year that was talked about this year that I did not mention.

$5 wrench attack is used to refer to cyber attacks and not physical attacks.

Edit:

It is true that $5 wrench attack refers to physical attack.

[EarnOnVictor]

I've heard and read enough cases where it was just a case of random robbery or kidnapping or both, and the victims or the family had to pay with crypto. All these victims I read about never disclosed they had crypto, and neither did the perpetrators know them as crypto people, but still demanded their payment in crypto, with enough beating.

We can not know if the attackers know that their victim is into crypto or not.

In some cases, yes, but in many other cases, you would know they don't know them as a crypto person, because it was just a random robbery. In some cases too, as read from the news, it was the robbers who confessed to the crime and how they planned and got it executed. They only target those whom they believe are good-looking, wear nice stuff and drive nice cars, that's all. Not that they know them from anywhere or know what they are doing.

All these are random news read majorly on Punch, so I don't have their link, I would have added them.

[CryptoHeadlineNews]

And I'm pretty sure this was the exact incident Satoshi Nakamoto foresaw in the future back then in 2009 and then chose to remained anonymous, rather than reveal his true identity. Because to be frankly speaking, who knows how many kidnap attempts that could have been plotted against him, knowing fully well he owns the largest number of Bitcoin in the world (i.e 1,000,000 BTC). Because with the way the way is going now, most especially us living in Nigeria, I think practicing an anonymous lifestyle, whereby nobody knows we are into Bitcoin is the best approach right now, because there is this common mentality most people here in Nigeria have, whereby if they hear that you are into Bitcoin, they thinks you have plenty money, not minding if it is true or not. Hence, the best practice will be to behave like our mentor Satoshi Nakamoto who never revealed himself.

[Smartvirus]

I hope you are are aware of what is going on in France right now. In this year alone, David Balland, co-founder of cryptocurrency wallet firm Ledger, was abducted with his wife at their home in central France. Recently, three teens kidnap Las Vegas (US) man at gunpoint, stealing $4M in crypto. Just two days ago, crypto exchange (called Paymium) CEO’s daughter fights off brazen kidnappers in Paris. French police rescued the father of a cryptocurrency millionaire who had been kidnapped and held for ransom in a Paris suburb.

There are more of such attacks but we are still enjoy in country like Nigeria but we do not know what will happen in the future, maybe crypto might even be demanded for as ransom.

My guy, no be lie you Dey talk o, when the level of education reach this side way be say, those guys for bush try recognize the value of this Bitcoin or cryptocurrency and even if them no learn am themselves but go use people way sabi join body to manage this kind of ransom payment, e don be for us be that o. We really Dey enjoy at the moment and need to know how we carry Dey relate this crypto matter with people via say, them go over think am and na you go Dey in danger. Be private and ensure you put security measures in place.

[Cossyblack]

I think we have a lot to learn from the numerous kidnapped cases in France,it could even start happening in Nigeria if we are not very careful. People are ready to go extra length for money,some can go as far as killing a close relatives for money. A little leaked about your financial status can jeopardize your safety and put your life at risk. It's good for someone to keep a low profile when he has money and if can't do that,he should simply hire the services of an armed security officer to be escorting him every day for safety. We are not really free from been kidnapped in Nigeria,some one that knows about the value of your assets in crypto currency can still betray you and arrange for your kidnap. People can't be trusted to know the value of your assets. I simply agree with living a private life,it will safe you from a lot of troubles.

[Coyster]

$5 wrench attack is used to refer to cyber attacks and not physical attacks.

No, that is wrong. $5 wrench attack is used to refer to physical attacks and not online attacks. The idea behind it is very simple, and it is that the attacker is going to purchase a wrench for $5 and use it to beat the victim until they hand over their seed phrase and every other sensitive information. That said, "$5 wrench attack" is like the general term, and any kind of physical attack that involves violence can be called that.

[Africolo]

I think we have a lot to learn from the numerous kidnapped cases in France,it could even start happening in Nigeria if we are not very careful. People are ready to go extra length for money,some can go as far as killing a close relatives for money. A little leaked about your financial status can jeopardize your safety and put your life at risk. It's good for someone to keep a low profile when he has money and if can't do that,he should simply hire the services of an armed security officer to be escorting him every day for safety. We are not really free from been kidnapped in Nigeria,some one that knows about the value of your assets in crypto currency can still betray you and arrange for your kidnap. People can't be trusted to know the value of your assets. I simply agree with living a private life,it will safe you from a lot of troubles.

Influential men are the targeted preys because they're popular and owned more gigantic assets. Security and privacy should be our priority in the space, knowing our left and right and doing what's necessary and important, atleast we can stay focused and keep pushing for goals. On the records, Europe is not Africa, we've watch alot of ugly situations happening in this universe we lived in and what can we do other than stay safe. We know it's not been an easy route for us but with strengthen odds and stamina, we can survive and yield good profits for ourselves, knowing our patterns and applying them.

[Sonia_123]

I hope you are are aware of what is going on in France right now. In this year alone, David Balland, co-founder of cryptocurrency wallet firm Ledger, was abducted with his wife at their home in central France. Recently, three teens kidnap Las Vegas (US) man at gunpoint, stealing $4M in crypto. Just two days ago, crypto exchange (called Paymium) CEO’s daughter fights off brazen kidnappers in Paris. French police rescued the father of a cryptocurrency millionaire who had been kidnapped and held for ransom in a Paris suburb.

There are more of such attacks but we are still enjoy in country like Nigeria but we do not know what will happen in the future, maybe crypto might even be demanded for as ransom. It is very good we see how everything is happening right now so we can know how privacy is very important. And as for those that can not have privacy like some having a crypto business that people in his town know very well, such person may probably need a security.


http://www.nbcnews.com/news/amp/rcna204718
https://cointelegraph.com/news/florida-teens-kidnap-crypto-entrepreneur-at-gunpoint-steal-4-m-in-crypto
https://cointelegraph.com/news/crypto-exchange-ceo-daughter-fights-kidnappers-paris


If you want to follow the attack updates, you can read about it here --> https://github.com/jlopp/physical-bitcoin-attacks

As a Bitcoinner, private and security is very important, and so you need to be very careful and vigilant so that you will not be a prey to the scammers because they are always around look for who will be their victim, and so necessary measures needs to be observed when browsing on line.
In as much as your Bitcoin privacy is concern, you don't have to inform anyone about your status because you don't even know who the person is and what he his upto, since your never can tell if the person is happy about your success, your privacy is very paramount is securing your asset from the unknown because nobody can be trusted when it comes to ones wealth. 
Online security and otherwise is also important therefore we must take not  note of them .

[Antotena]

As a Bitcoinner, private and security is very important, and so you need to be very careful and vigilant so that you will not be a prey to the scammers because they are always around look for who will be their victim, and so necessary measures needs to be observed when browsing on line.
In as much as your Bitcoin privacy is concern, you don't have to inform anyone about your status because you don't even know who the person is and what he his upto, since your never can tell if the person is happy about your success, your privacy is very paramount is securing your asset from the unknown because nobody can be trusted when it comes to ones wealth. 
Online security and otherwise is also important therefore we must take not  note of them .

Not just Bitcoiner, it's normal to be privacy protected person, this enhance your security flaws and any harm that can come to you. If you take your privacy seriously you will be free from any form of security incident. Let's say you have Bitcoin now and no body knows about the existence of the Bitcoin and the wallet you use to hold the coin, there is no way people will want to try their ways to get into it unless they have access to your private key.

However, if you are the type that has a running mouth and say things to people, show the wallet address your coins is and also save your private keys on your email or your seed phrase, the chance of you losing your Bitcoin will be very high. Not only that, people close to you that you don't expect might attempt to attack you physically, this is why been private protect you from all sort of unnecessary attention to the public.

[GIF-JOBS]

As a Bitcoinner, private and security is very important, and so you need to be very careful and vigilant so that you will not be a prey to the scammers because they are always around look for who will be their victim, and so necessary measures needs to be observed when browsing on line.
In as much as your Bitcoin privacy is concern, you don't have to inform anyone about your status because you don't even know who the person is and what he his upto, since your never can tell if the person is happy about your success, your privacy is very paramount is securing your asset from the unknown because nobody can be trusted when it comes to ones wealth. 
Online security and otherwise is also important therefore we must take not  note of them .

Not just Bitcoiner, it's normal to be privacy protected person, this enhance your security flaws and any harm that can come to you. If you take your privacy seriously you will be free from any form of security incident. Let's say you have Bitcoin now and no body knows about the existence of the Bitcoin and the wallet you use to hold the coin, there is no way people will want to try their ways to get into it unless they have access to your private key.

However, if you are the type that has a running mouth and say things to people, show the wallet address your coins is and also save your private keys on your email or your seed phrase, the chance of you losing your Bitcoin will be very high. Not only that, people close to you that you don't expect might attempt to attack you physically, this is why been private protect you from all sort of unnecessary attention to the public.

Privacy gives a person security, the more secretive you are about your valuables, the safer you will be. People can do anything for money, no one can be trusted too much. I have many friends who are very loyal to me, but they also have no information about my wallet, even my family members do not know exactly what is in my wallet. Every person should be very aware of privacy, especially when you decide to keep an investment for a long time. People can cross any limit due to greed for money, no matter how close they are to you, so in the case of long-term holding, everything must be kept very secret, not only in the case of long terms but in everything it is better to keep maximum privacy.