What could the SEC do differently?

[GoreX]

We live in a world where cybercrime has rapidly gone from science fiction to stark reality and it is becoming harder to expect that all hackers can be thwarted or as commonly declared “It’s not a matter of ‘if’ you’ve been hacked but a matter of ‘when’”. What then could the SEC do differently in the future to be better prepared for such an attack?

https://Polymath.Network/

[1714861781]

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[1714861781]

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[1714861781]

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[iamTom123]

We live in a world where cybercrime has rapidly gone from science fiction to stark reality and it is becoming harder to expect that all hackers can be thwarted or as commonly declared “It’s not a matter of ‘if’ you’ve been hacked but a matter of ‘when’”. What then could the SEC do differently in the future to be better prepared for such an attack?

https://Polymath.Network/

SEC is not mainly responsible in deflecting cyber attacks which are all happening everyday as there are people whose job is to get ahead of the security measures erected like a wall and create chaos in the cyber-world. However, each department of the government has their own I.T. division working everyday for their servers not to get infected with anything malicious programs and to prevent any hacking intrusions. We have to understand that this is a constant battle between the 'good' and the 'bad' elements and which side will eventually win will depend on how good are their people in always getting ahead of the competition.

This is one of the reason why we have Bitcoin and the blockchain technology which assured us that anything on the platform can not be changed or modified without the other part agreeing to it. Sadly, what can be hacked are the online wallet service providers storing Bitcoin and other cryptocurrencies. I am expecting that with the help of the blockchain something will evolved in the security of these wallet providers.

[Kemarit]

We live in a world where cybercrime has rapidly gone from science fiction to stark reality and it is becoming harder to expect that all hackers can be thwarted or as commonly declared “It’s not a matter of ‘if’ you’ve been hacked but a matter of ‘when’”. What then could the SEC do differently in the future to be better prepared for such an attack?

https://Polymath.Network/

I thought upon regarding the subject, it has to do with Bitcoin being not approved or approved by SEC. LOL. I was wrong. SEC has nothing to do with hackers or hack on crypto currency. And no one could thwart such as attack to anyone. Hackers are working 24/7 to really find vulnerabilities from all of us. So it depend on how we secure our wallet and backup everything and not to click anything we see or web or emails (phishing). As we are own bank, and such its up to us to secure it like using strong password and 2FA it possible. Another vulnerabilities hackers are recently doing is targeting accounts on trading platform. So please don't put all your bitcoin or any other coins in there. Its gonna be a constant battle and we should remain vigilant and don't give them any chance to steal from us.

[matuson]

Fiat is also stealing hackers. In my country I've seen installed on ATMs special devices that read your credit card details and password. Then the hackers release the same map and you lose their money. In our world it is impossible to fully protect themselves from hackers. We can only minimize risks.

[CryptoBry]

Fiat is also stealing hackers. In my country I've seen installed on ATMs special devices that read your credit card details and password. Then the hackers release the same map and you lose their money. In our world it is impossible to fully protect themselves from hackers. We can only minimize risks.

This is one big reality we have to contend with being in a modern and linked world we are in. We are all connected one way or another and this is being exploited by people who have the talent to hack and steam something from others by getting into their vulnerabilities or weaknesses. The only thing we can do is make sure that we are doing the best we can to protect our wallets and our privacy. I learned to be careful in downloading anything as  there are virus masquerading as legitimate but can wreak havoc on the information we are storing on our computer.