How Hackers Steal Your Cryptocurrency?

1. Downloading Apps

The most common victims of hacking are the ones that have an Android operating system and they don’t use a two-factor authentication. The Google Play Store is more open to viruses and is less safe than the iOS app store. When you download an app and launch it, the user enters data in order to access the account and this way the users give the hackers access. One of the hardest hit victims were the users of the Poloniex exchange when they downloaded a mobile app created by hackers.

2. SMS Authentication

The best thing you can do to protect yourself is to turn off call forwarding in order to block the access to your data. Also, use a two-factor identification software solution. Users choose this type of mobile authentication because they are most familiar with it and are used to it because they have their smartphone always on hand. Hackers can hijack the SMS using research tools that exploit the weakness of the cellular network.

3. Public Wi-Fi

The best advice you can get it so never do a crypto transaction via public Wi-Fi despite using a VPN. Always update the firmware of your router as well. The WPA protocol that uses routers was hit diagnosed with a strong vulnerability. The user’s device after being attacked with a key reinstallation, the device connects to the hackers’ wi-fi network. So, any information that you might send or receive is now available to the hackers as well. This means that they can get your private keys from the crypto wallets.