Cyber attacks are good for Bitcoin

[dvdrewritable]

Cyber attack is really dangerous for each and every institution but it's been a normal issue for this digital world and we have to take a better step for protecting our assets, private keys, and also make secure our information from cybercriminals. Cyber attack is a threat to bitcoin users and for blockchain technology, it is harmful, not good for BTC.

[DanieIssac]

Many companies will realize the benefits they get when using blockchain, and eventually there will be many people using blockchain without knowing it.

[Cryptoreflector_666]

The personal data of 9.4m Cathay Pacific passengers has been stolen in a cyber attack on the Hong Kong airline.

https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/

Ryan Wilk, vice president at NuData Security said “Data in the wrong hands – especially payment card information – can have a huge impact on customers, far beyond the unauthorised use of their cards.”

“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”

Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.

The case is very revealing. I don't know about the others, but cybersecurity is exactly what I noticed in the first place. It's a shame when long works fly to the trash, when another fraudster drains your precious coins just because you blunted and lit up somewhere your private key. Be careful, use cold wallets and don't be scammers.

[roosbit]

If users have been affected as a result of using digital products, in my opinion I think it will make them less likely to experiment with other digital services like bitcoin, as they are likely to get hacked again! Why? Because in the first place they might leave everything to btc to sort itself out when themselves don't use strong passwords, avoid password repetitions and were possible don't use 2fa....it's the old habits that's going to  haunt them!

[commoyo]

I don't believe that attacks are good. They make people nervous and can cause som.e price-fall. Sometimes hacker attacks may succeed (like it was with Zaif exchange) and a loooot of people will lose their money.

[Evil eye]

It is not right to say that cyber attack for Bitcoin is very good. Yes it is true that for some time hacking sites online has taken a lot of bitcoin. But that was not easy to do. In the history of cybercrime, the incidents of stealing bitcoins are rare, only a few times the hackers have been able to steal Bitcoin. So it is not easy cyber attack for Bitcoin.

[peter0425]

I don't believe that attacks are good. They make people nervous and can cause som.e price-fall. Sometimes hacker attacks may succeed (like it was with Zaif exchange) and a loooot of people will lose their money.

What has been breached is a exchange itself so obviously the target is the traders or investors money. I think those kind of attacks (stealing personal data) will force companies to adopt blockchain technology but not bitcoin per se. We all know that blockchain has a lot of advantages like security so I'm sure that many companies are doing studies whether to implement them not just for security purposes by to save money as well. This is really a unfortunate event, so everyone should act not re-act, specially companies doing services to the public, to protect their customer's data.

[hatshepsut93]

People are taking these things very lightly because they don't really feel them. Privacy, security breaches, tracking and so on - majority doesn't even notice that. Some people have left Facebook when its recent security breach has happened, but despite that it still has enormous number of users and is making enormous profits. Same with banks - they are very profitable and don't feel any pressure from crypto at the moment. So, cyber attacks are not really good for Bitcoin because their impact on Bitcoin is minimal.

[irsykes]

I don't believe that attacks are good. They make people nervous and can cause som.e price-fall. Sometimes hacker attacks may succeed (like it was with Zaif exchange) and a loooot of people will lose their money.

Op only tell us there are some positive thing about cyber attacks, people sometime only see from 1 side and not in 2 side of a problem. A lot of thing in this world will have positive and negative impact and we can't deny that.

[sidebyside]

This attack will probably help more people understand the danger levels of criminals today. If they know about blockchain technology, they will certainly protect their assets more safely. Using bitcoin is also a way for people to keep their identity and not to disclose much personal information. You just keep your wallet password . Everything is safe for you.

[Lana21]

Bitcoin went up when the crypto locker virus hit. I feel bad for the people that got effected though.

[ranman09]

bitcoin won't fix the fact that businesses often require your personal information, and they don't protect it.

but also companies are requiring your personal information Because they are using credit cards,... in other words it is what the fiat world demands. but using bitcoin they won't need that kind of information anymore so in a way using bitcoin can fix that.

Then there come legalities wanting to stop bitcoin because they can't tax people using it. Because in the first they don't know who that is.

I don't quite understand how they will use blockchain to safe private data. Bitcoin is a public ledger right?

If they will only use blockchain as record of activity storage, where they will use keys/ids for each record/activity and keep the real records privately, isn't that the same thing? 

[bagsat]

Bitcoin is prone for cyber attacks because bitcoin run as a digital currency.

[cybersofts]

It won't wake up the people but the companies will realize the benefits their company can have (security, efficiency, costs,...) Not to say some companies will have no choice to use the technology to adapt its activity around the tendencies. In the future, people will use the blockchain tech/crypto tokens without knowing it

Indeed, if you are using bitcoin or any other cryptocurrency you are absolutely safe from such cyber attacks because you won't give away your private keys to any government database. the only risk is on your side if you mistakenly saved your private key on your computer's hard drive and got hacked yourself.   

[bosta20]

The personal data of 9.4m Cathay Pacific passengers has been stolen in a cyber attack on the Hong Kong airline.

https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/

Ryan Wilk, vice president at NuData Security said “Data in the wrong hands – especially payment card information – can have a huge impact on customers, far beyond the unauthorised use of their cards.”

“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”

Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.

...lol it's unfortunate that it has happened..but i do believe it will have a greater impact on bitcoin!. The massive will now see a need to trade in anonymous fashion!

[PETES]

bitcoin won't fix the fact that businesses often require your personal information, and they don't protect it.

but also companies are requiring your personal information Because they are using credit cards,... in other words it is what the fiat world demands. but using bitcoin they won't need that kind of information anymore so in a way using bitcoin can fix that.

Then there come legalities wanting to stop bitcoin because they can't tax people using it. Because in the first they don't know who that is.

I don't quite understand how they will use blockchain to safe private data. Bitcoin is a public ledger right?

If they will only use blockchain as record of activity storage, where they will use keys/ids for each record/activity and keep the real records privately, isn't that the same thing? 

It's true so this whole thing is absurd and will just make traditional ways be so complicated.
More likely there will be no such safe place to store as the hackers are so just damn clever.
We never know if this whole hacking issue was an inside job or not. Things are getting shady every time.

Well as for the title, it confuse the hell out of me.

[Marshall14]

I do not see how that particular unfavorable mishap can affect bitcoin possible or lead to more mass adoptions

If we're to go that way,many users ought to have left the bitcoin platform,due to hacks that have happened on the system,scammers scam people everyday on this network,as well as malwares eating into people systems and providing fraudsters with private information
Top exchanges have been hacked with millions losing millions..

If we are to judge going by all this, don't you think people should be leaving the bitcoin network and embracing our conventional Fiat and with both arms

[baghdatis1990]

    Cyberwar is an integral part of the ecosystem. User protection should be the most important quality that an investment project should have. I hope that in the future there will be solutions to prevent these attacks, and that cryptomonade users will feel more secure about their investment, as they feel safe in their homes or on the street.

[Hivalley]

Many companies will realize the benefits they get when using blockchain, and eventually there will be many people using blockchain without knowing it.

I think you've totally missed out on the point here, how in God's name is cyber attacks going to spur companies on to use the blockchain technology

Considering the fact that the bitcoin itself has fallen prey to such attacks in the past..
There happens to be no correlation between such attacks and the promotion of bitcoin...

One just has to protect him/herself from such attacks irrespective of what platform one is on...

[Dexion]

Cyber attacks may be possible and may also make bitcoin more useful but it is a bad way, it is better that bitcoin can have price movements if there is a platform that starts accepting payments using bitcoin so bitcoin has an extraordinary development.

I think, if the cyber can help bitcoin to protect every transaction in the blockchain from the attacks of malicious hackers, then it will affect the movement of the value of bitcoin.

so, sometimes they are needed to protect every block, but their existence is rare and anonymous.