Hacking is the Big Problem

[South Park]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

There is nothing you can do, once you money is in an exchange your money will be as secure as the security measures they have implemented, this is why it is a great leap of faith to leave your money in an exchange, a hacker is not going to target someone with a low amount of coins, they will target sources with a lot of coins and among them exchanges are the primary target.

[StonedWolf]

The more the cryptocurrency will rise,  the more the hackers will also try to rise. No one is safe from hackers , but we can at least do our best to avoid them. It is true that your wallet can get hacked , and that is something you can't do anything about. But , what if your own pc get hacked? well, that is something we can avoid. Hackers can use even small program or a game and inject their virus into it. And the moment we install it, we are done. So, the least we can do, is not to download anything suspicious, and download only from trusted sites.

[serjent05]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers. As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

I agree, I had encountered website that when clicked injects an adware or possible trojan virus that can infect your system.  Lucky I had my anti virus and be able to stop the attack.  Clicking websites carelessly will eventually resulted to your PC being infected by malware or ransomware.  So I guess we should be vigilant when browsing the internet.


Still I believe exchange hack has a greater chance of inside job and a possible exit scam so that owner can bag the different coins of their clients.

[Zicadis]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

I read somewhere that Coincheck is ready to compensate its users https://www.ccn.com/coincheck-announces-compensation-260000-nem-holders-following-major-hack/ but as long as we want to trade on these exchanges security will have to be improved from the exchanges side as we have done our part of using 2fa and using of unique passwords different from existing ones...will hacks stop not sure maybe bounties to test how secure these exchanges are shouldbe started.

[tabas]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers.

Its not about the computers but its about the security of their exchange itself, their security for their databases as most of the hackers are targeting the back end and not the front end of an exchange. Amateur or not hackers are hackers.

As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

Securities are also upgrading because of these hackers and exchanges need to increase and tighten up their belts and they need to invest more in security itself.

[Oilacris]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers.

Its not about the computers but its about the security of their exchange itself, their security for their databases as most of the hackers are targeting the back end and not the front end of an exchange. Amateur or not hackers are hackers.

As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

Securities are also upgrading because of these hackers and exchanges need to increase and tighten up their belts and they need to invest more in security itself.

Security should always comes first when it comes to this business and we should not wait for an incident happen before we do decide to upgrade it. We might able to enhance it but the trust of its recent or previous investors would really be gone which would they will be already hesitant on using it for next time.The good thing here is that there a compensation on all the investors which is good.

[tabas]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers.

Its not about the computers but its about the security of their exchange itself, their security for their databases as most of the hackers are targeting the back end and not the front end of an exchange. Amateur or not hackers are hackers.

As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

Securities are also upgrading because of these hackers and exchanges need to increase and tighten up their belts and they need to invest more in security itself.

Security should always comes first when it comes to this business and we should not wait for an incident happen before we do decide to upgrade it. We might able to enhance it but the trust of its recent or previous investors would really be gone which would they will be already hesitant on using it for next time.The good thing here is that there a compensation on all the investors which is good.

This is alarming that there are exchanges that are targeted again and the recent one isn't a joke. The total amount that hackers stole from that exchange was the highest in the history and even higher than Mt Gox. And this can be higher if exchanges will not put that much effort of increasing and upgrading their securities. This is a real deal and we are all affected with this thing, when hacks are happening there are people who are panicking and contributing to the price decrease.

[etron]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

hecker very difficult to be combated so many victims who lost their money, in my opinion better save money in our personal wallet if not in use again in stock market.

[Protected101]

Being hacked is very difficult for us,we worked hard for that money and immediately it was gone because of those bad persons.Always be careful of giving information about yours to some persons who do you think is suspicious.Sometimes we became the victims of it and its hard to move on the money was gone also the wallet you been protecting.Hoping for the solutions to those hackers to be punished.

[EtherATM]

no matter how strongly any security code based on digital is easily exposed to viruses or hacking. so you better always save your money and if you do not trade

We can never under estimate the power of hackers and there is nothing to deny this fact that some of the hackers are having this much of skillset that they can really do anything which they want to do. their hacking skills can for sure put the investors of crypto coins in a great trouble as if they managed to get access over their wallets, then they will be able to get all their crypto coins without any difficulty. So we need to be well aware of the activities which are going around us.

Yep, absolutely you can’t do anything to prevent hackers from what they’ve planned and wanna do. As far as you know that hackers ,who own an extremely good skill, in another words they are really well-known, flexible , intelligent and the like. If you want to keep your funds safely, you’d better withdraw your personal wallet. You’d better get aware of any situation that you suspect, because their target can carry out fast , thus you must keep an eyes closely.

[binting]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Yes because hacked is the biggest problem when your accouny can hacked you will never ever open it, but it depends on the situation by hacking account.

[Oilacris]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers.

Its not about the computers but its about the security of their exchange itself, their security for their databases as most of the hackers are targeting the back end and not the front end of an exchange. Amateur or not hackers are hackers.

As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

Securities are also upgrading because of these hackers and exchanges need to increase and tighten up their belts and they need to invest more in security itself.

Security should always comes first when it comes to this business and we should not wait for an incident happen before we do decide to upgrade it. We might able to enhance it but the trust of its recent or previous investors would really be gone which would they will be already hesitant on using it for next time.The good thing here is that there a compensation on all the investors which is good.

This is alarming that there are exchanges that are targeted again and the recent one isn't a joke. The total amount that hackers stole from that exchange was the highest in the history and even higher than Mt Gox. And this can be higher if exchanges will not put that much effort of increasing and upgrading their securities. This is a real deal and we are all affected with this thing, when hacks are happening there are people who are panicking and contributing to the price decrease.

Get used to it because if bitcoin and altcoins are reaching new heights tendency of these exchange hacks is really possible and can happen anytime. We cant avoid it since hackers would really always target exchanges or wallets that have lots of funds in it.It does really affect the market because usually funds are being stolen involves hundred millions of dollars.

[KingdomHearts]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers. As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

It’s not only when your computer is vulnerable, you shouldn’t also click links that you don’t know anything about.There are many easy ways you can avoid being hacked, all it will cost you is just to be careful. First thing is that you shouldn’t open any attachments you’re not sure (I don’t open attachments, unless I know where they are coming and who sent them), next thing, as we all know, is that you should always make use of a 2 factor authentication, and apart from using 2fa, you should also have an advanced passwords and not ones that are easy crack. Lastly, I would say it is best to store your Bitcoin offline, and leave a little online.

[madwica]

Using exchange for saving money is not recommended you should fund your exchange account the amount that you can afford to lose and use the exchange for trading not for keeping money for long period of time. For me if you want to keep your fund safe just transfer your fund in hardware wallet which you are the only one can access that wallet.

[Alex3601]

Hacking may possible if you are not keeping your account in a safe wallet. There are so many links and websites that are pretending to be real one. We must be very careful to the links that keeps on appearing in our email or in screen monitor because that's their first way to gather informations if we click it. Better ignore or delete it and stay focus on what have you started.

[South Park]

Hacking and robbery are the big problem to solve in the future regarding crypto. The recent news about robberies are alarmimg. If we think that each person with crypto is a bank with legs, than the robbery market increased a lot, because today is no longer need to rob a bank, better know who owns crypto and steal that person, less dangerous and risky to thiefs and equally if not more profitable.

If you refer to the latest articles, then it's obviously the stupidity of people feeling the need to brag about their crypto holdings that puts them in such situations. People are not willing to talk about their fiat wealth, and find it even rude if someone is asking how much they have on their bank account, but when it comes to crypto, they are all open about it. Some are even so stupid, that they mention how much they have made in the last years on social media platforms as Facebook, where in their picture gallery there are pictures of their house, family, location-tied posts, etc. If you are looking for problems, then this is definitely the path to follow. How hard is to keep your mouth SHUT?!

Apparently it is very hard to keep your mouth shut, in my country we call that the new rich syndrome, someone wins the lottery or inherits a lot of money and suddenly they cannot stop talking about it and they share this with anyone even if they did not asked, someone that has been rich for a while just takes for granted his condition and does not need to brag about it so we must follow their example.

[Kevin77]

If the computers are poorly managed, they are vulnerable to attacks even by amateur hackers. As the technology advances, hackers are also become more high tech and sophisticated, and they are hard to control unless stronger measures is pursued against them.
There are some effective to avoid being hacked by strengthening your passwords, fortifying your devices with 2fa and always look out for any malicious links or activities like phising sites.

Hacking is actually one of the biggest threat not only to the ones who are there in the world of digital currencies but also to the ones who are there on the internet one way or the other. The only thing which can keep you secure from hackers is to keep your systems up to date. Do not leave your systems open for everyone to use and try to study well before doing any kind of thing on internet.

I am using 2 computers. One for my usual activities and another one specially meant for wallets and crypto staking related. I do access web wallets from that computer alone. Also I am running latest antivirus.

[Noelbetty12]

Hacking is the biggest problem faced even before bitcoins have existed and became popular. They hacked bank accounts, now bitcoins. They can exploit weakness in the systems used to communicate with any website. So no matter how strong passwords are if they know what you are typing then it will be useless. So its never safe. It's now up to us to be careful with clicking links.

[South Park]

Hacking is the biggest problem faced even before bitcoins have existed and became popular. They hacked bank accounts, now bitcoins. They can exploit weakness in the systems used to communicate with any website. So no matter how strong passwords are if they know what you are typing then it will be useless. So its never safe. It's now up to us to be careful with clicking links.

But hacking is even worse in bitcoin, in banking you can get your money back, it is a hassle but it can be done, but in bitcoin and cryptocurrencies in general once that money is outside your wallet there is nothing that can be done to get that money back this is why hackers are turning their attention to bitcoin since they know not only they will keep the funds but it is likely they are going to get away with it.

[gamerfan]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

this is one of the main reasons many of us recommend to not put the most of your money on exchanges. The safest way to keep your money is into your own wallet, where you have full control. Otherwise you are at the mercy of similar events.