hackers becoming smarter than exchanges?

[pieppiep]

Because the hacker becomes smarter so they will be hacked what ever they want so those have big business here in crypto world like the exchanger better to do the best for your site to secure fron any threats that possible to fail to you or gone like the hackers who are wants to hack the exchanges site because mostly they will get millions of dollars in one hacking a exchanges site and they are rich in short period of time.

hackers always try something new and they have the principle to never give up before they can reach the target, and usually the exchange is too careless and too relaxed about the security that is in place of exchange, making hackers smarter and finally many places of exchange affected hack.

[@prashant]

it is their work to find loop holes in the system or application ,so we cant have permanent solution to these activities it is better for exchanges to have regular security checks to ensure proper usage of accounts and keep the fund in cold storage .as dex popularity is increasing we can see centralized exchanges using dex tech to secure themself and i would recommend that exchanges should have partnership with security firm which can enhance their security.

[Best Dreams]

of course, if a hacker can penetrate the security of an exchanger, the hacker wins the exchanger. I think the security of an exchanger must be increased again so there is no theft.

Well if exchangers will use proper and safe security means for this I am sure no one can hack of take your money, exchangers are always ahead from hackers and there is blockchain and those who use it know very well how to keep it safe and gets better results at the end, but still some are damn experts so better taking care than crying later.

[Tylev]

The scammers are scaring new investors away and this must stop.

One reason why the market is on a downtrend at the moment. The security of exchanges is miserably low that they cannot protect it from hackers and intruders. The technology they are using for security is not secured and strong enough to resist hacking. Black hat hackers are really smart which is why the white hat hackers must know how the black ones think. It is their job to protect the exchange because hacking will make the exchange less credible and will affect the whole crypto market. Just like what you said, investors are getting scared now.

This topic was written almost a year ago, but has not lost its relevance. A few days ago, the Binance Exchange was again hacked and 7,000 bitcoins were stolen. Hackers will always be one step ahead, after which the relevant services will look for ways to protect against the hacking that has occurred. Apparently, this will always happen. Unfortunately, even the best programs will always have a vulnerability.

[mersal]

When Technology develops the hackers are also been developed because they can perform well with the technology so we need to be improved a lot then only a little bit security will available for us.

[Adriano2010]

Is true that hackers try always to find new ways to hack exchanges and also i think if a lot of people will take their measures when go online then the hackers life will be more hard and will not happen so much hacks.

[akram143]

I think giving the space in our side will be the positive for the hackers to be easily allowed for your way so making your life more secured is important especially in Crypto field nothing is safer if you are careless.

[jak3]

it's not like that. hackers are not smarter then exchanges it's just the fact that they focus on finding the security loopholes and exchanges try to secure their sites in every possible way. it's like a war between the security vs majority because there are a lot of hackers searching for a bug or vulnerability and there is one 1 exchange to protect from them. Even good and Microsoft got hacked so why can't exchanges be hacked.

[nak02]

Later the new news about binance that have been hacked, estimated $40 million and this is insane, how can they breach it and also they collected some users to it was sad to say those victims but this is would be learn from now on in binance that they will strengthening their security in exchanges.

[idham29]

I think giving the space in our side will be the positive for the hackers to be easily allowed for your way so making your life more secured is important especially in Crypto field nothing is safer if you are careless.

This is the same case between thieves and homeowners, where thieves are always looking for loopholes to enter the house and take what they want. While homeowners always try to close the gap that allows the thief to enter.
From the analogy above, it can be concluded that what happens is if the homeowner is careless, the thief can act. Likewise with crypto exchanges, if you do not renew your protection, you can be hacked by an evil thief.

[klaaas]

so we cant have permanent solution to these activities it is better for exchanges to have regular security checks to ensure proper usage of accounts and keep the fund in cold storage

Its the mix of crappy and time consuming user experience vs a smooth and fast one with more risks involved. It wont help to unknown exploits on the backend.

[Kimonoe]

I think with the number of hackers, they are looking for loopholes in an exchange security system. so that for exchanges with little layered security, it will be easy to hack. therefore, as an exchanger, they must continue to conduct research on their security

[FlightyPouch]

When Technology develops the hackers are also been developed because they can perform well with the technology so we need to be improved a lot then only a little bit security will available for us.

Well, we can't do anything about that really. As security is developed, hackers do too. These geniuses can take advantage of the vulnerabilities that a system has, instead of using that knowledge to improve a system, they take it as an advantage, an opportunity so they can steal information for their own good, even if it is illegal, just imagine these people developing more secured system, that would be so great.

[Tervelatuk]

I think with the number of hackers, they are looking for loopholes in an exchange security system. so that for exchanges with little layered security, it will be easy to hack. therefore, as an exchanger, they must continue to conduct research on their security

hackers continuesly developt their skill and technique to break security system in exchanges.they working not only one man one show, but they have team that devide the job.every person has responsibility, so its not strange they could easily hack exchanges.

[XXXgames]

hackers are always smarter my coins are  vanish (cryptopia)

[indrakusumaindra]

Because the hacker becomes smarter so they will be hacked what ever they want so those have big business here in crypto world like the exchanger better to do the best for your site to secure fron any threats that possible to fail to you or gone like the hackers who are wants to hack the exchanges site because mostly they will get millions of dollars in one hacking a exchanges site and they are rich in short period of time.

hackers always try something new and they have the principle to never give up before they can reach the target, and usually the exchange is too careless and too relaxed about the security that is in place of exchange, making hackers smarter and finally many places of exchange affected hack.

Yes hacker are smart and i do think there is no exchange that cant be hacked. I believe every program are made by so many layer which if you able to penetrate every layer than you are hacked and that why i think good exchange should keep update their security system.

[CTRLX]

It’s true that some hackers are really talented and they’re good at catching the opportunities. I think there will always be a competition between hackers and the security system of the exchanges.

[shield132]

it's not like that. hackers are not smarter then exchanges it's just the fact that they focus on finding the security loopholes and exchanges try to secure their sites in every possible way. it's like a war between the security vs majority because there are a lot of hackers searching for a bug or vulnerability and there is one 1 exchange to protect from them. Even good and Microsoft got hacked so why can't exchanges be hacked.

You say yourself that hackers are smarter than "exchanges". IT security team of exchanges have to take care of their website/online service securities, try their best to get rid of bugs but they fail and instead of it, hackers are more clever in finding them and exploiting. So this is real truth which isn't good of course. There may be another task, security team manually leaves some bugs and then act like hackers, maybe it sounds foolish but who knows, such fact was on slots too.

[zhekinsp]

Yes sometimes it will be true but how we can handle our properties safe and secured is very important because if we are very safe then no one will enter into our side and hack something if we are very careless then they will perform more and more powerful than us.

[salty]

it's not like that. hackers are not smarter then exchanges it's just the fact that they focus on finding the security loopholes and exchanges try to secure their sites in every possible way. it's like a war between the security vs majority because there are a lot of hackers searching for a bug or vulnerability and there is one 1 exchange to protect from them. Even good and Microsoft got hacked so why can't exchanges be hacked.

You say yourself that hackers are smarter than "exchanges". IT security team of exchanges have to take care of their website/online service securities, try their best to get rid of bugs but they fail and instead of it, hackers are more clever in finding them and exploiting. So this is real truth which isn't good of course. There may be another task, security team manually leaves some bugs and then act like hackers, maybe it sounds foolish but who knows, such fact was on slots too.

Where there is a lot of money spinning nothing can be excluded.Although for a big exchange like binance,it looks very funny.For them reputation is more valuable than small hooliganisms.