IS IT TRUE THAT CYRPTOWORLD IS PRUNE TO HACKERS?

[ay0d1]

The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.

I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.

[Gurjasmeet]

Due to give performance & get popularity of the crypto currency had attracted to investors. There for the result hackers are also alert & attack on investors who want to become rich very soon.crypto currency should be controlled to hackers, gave confidence to investors.

[lucy94]

not true

[pawel7777]

PRUNE TO HACKERS

PRUNE

I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.

Teach people to follow recommended security practices when handling cryptocurrency + educate them on the technical basics + create pressure on 3rd party services to implement most secure solutions (i.e. multisig wallets).

If you want hackers to disappear, you need to take the opportunities away from them, meaning legit users need to do their homework.

[Xester]

The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.

I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.

Do you mean prone to hacking. It does not necessarily mean that if you have bitcoin you have a huge tendency that you will be hacked. If you are not very careful then you may be a victim of small time hackers. But we cannot deny the fact that big exchanges have been hacked and they lost huge amount of bitcoin amounting to millions to billions of dollars in value.

[anon.ph011]

there is a lot of unethical hackers that they do what they want to get money we cant do anything about that

[pat4cryptoreal]

I am blaming the developers of exchangers, They have to put more priority on cybersecurity. We know that hackers are using every means and are using different ways to hack. It is like our residence, as arm robbers are using different ways to penetrate people house, people  also solidify  security of their houses.

[Lancusters]

It is impossible to curb hackers. But who forces you to keep cryptocurrencies on the exchange? After the auction, take them to a cold store and there will be a very small probability that you will be robbed. It seems to me that the security of your funds is your problem and those who neglect security pay for it with their money.

[Taki]

Crypto currencies are pretty new thing for the world and exchangers or wallet's for its storage appear like mushrooms after the rain, normally not all of them can guarantee the necessary level of protect to customers' founds. That's the reason why cyber criminal is blossoming.

[jaythelingly]

Crypto currency is working on hackers so that the coins get safe. This would be really great. The investors will get more motivation.

[bitlover07]

As the crypto currency has gained huge popularity and importance it is attracted to enormous people as well as the hackers.

[pooya87]

the "cryptoworld" is not prone to hacking. people are. and they have always been as soon as computers and the internet were invented and they started using them without educating themselves first. it is a bunch of simple security measures that if you follow you will be safe from all of the hacks and malicious attempts to rob you.
and it is not the reason for lack of investors. at least not the main reason. the main reason is all the FUD that is around in the media against bitcoin. when the public is bombarded with negative statements from famous people like Warren Buffet, Jaime Dimon,... constantly talking about bitcoin and attacking it, they won't feel safe naturally to buy bitcoin.

[passwordnow]

Crypto's are connected to the web, blockchain can't be penetrated by anyone but attackers can delay and spam it which causes it to slow down.

If you are not a good keeper of your details and you aren't checking URLs properly, you are the most prone person that can be hacked.

[dutchkay]

The blockchain technology cannot be hacked and it's a decentralized system that's why it is very hard. Bitcoin too is hack proof. Major hacks have been happening in cryptocurrency because many people that don't study the technology went careless with their innovations. The hacks happen through third party websites. So it's best for people to understand how to protect themselves and avoid exposing their private keys to any how.

[Dudeperfect]

It's not just limited to the Crypto world but any new invention has this threat. I believe that the only answer and solution for this issue is building mass awareness among the users to reduce the impact of hacker's efforts. Crypto and blockchain technology is strong at its core but the users are always vulnerable and to empower the users the flow of information must be strong and continuous. Bitcointalk is the best example of sharing information and helping the newbies to understand the whole thing. I have personally saved a huge amount of money just because I spent my time doing research before investing even a Satoshi.

[BitRentXx]

I think not, all that is valuable to people is sure to be stolen even though it's not related to computers and technology.

[Scripture]

All internet stuff are prone to hackers. Not even just cryptocurrency but also social media accounts, bank accounts and also your car systems. Hackers are unbelievably frightening that even hackers can be hacked. So if you dont want to become a victim, keep yourself a private one.

[darkangelosme]

Sad to say but yeah it is true, it's just there are some people doing illegal stuff here in cryptoworld not just hacking, there are many kinds of evil doings here like scams, using Bitcoin to buy some drugs and othersstuff like that. But hacking is the most popular one. Like me earlier i have visited again another myetherwallet phishing site, luckily i did not give any private key cause i felt there is something wrong about that site and yes i am right, my friend confirmed to me that it was a phishing site. Lesson learned again  , and the best way to counter those hackers is to become vigilant.

[Lakash]

The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.

I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.

There's no perfect solution to the problem. In the age of cryptocurrency, hard drives and personal computers have become the new bank vaults. And our real-world knowledge of protecting money from theft is not enough in the virtual world.

[erikoy]

Yes but there are many reasons why their crypto getting hack and one of it is the frequent accessing on their digital wallet where hackers could phished out their private key and wallet address. Aside from that there are fraudsters also claiming to be an admin or marketing officer offering good things in return to submit a form which ask for private key and they already phished out by the hackers.