Topic: 6 safety concerns? - page 2. (Read 658 times)

I don't have 6 concerns I only have 1 and this is the widespread of scam ICO and IEO, hacking incidents and many more affecting crypto from being accepted, and becoming mainstream. These are the reasons I fear because the government of my country may also ban the use of bitcoin and consider this illegal and detain any person who is arrested and proven to have bitcoin hold.

In such a system, the private key must be stored only on paper. Exclusively. All modern digital storages - only seem reliable. And this illusion only works until the time that professionals are interested in you.

the biggest loss is also seen in many frauds in the name of crypto, for security I am sure that the system has been designed properly although there is still hacking that occurs. while fraud, can be secured by yourself and also some regulations that are formed.

These are not just fears, nothing is more serious than threats of cyber fraud. The facts speak for themselves:
"According to CipherTrace, this year's total losses from theft of cryptocurrencies and other types of fraud amounted to 4.4 billion U.S. dollars."

Concerns? Maybe we should consider the high rate of exchange in bitcoin and also the account should be more secure. Maybe security questions will do to make our wallet more secure and less in worries with hackers. About scammers I think, there are no scammers if there is no victim so let's are careful enough to join some bounties or some campaigns that are not legit so that no one will scam here.

Security is lacking in mobile applications.I don't really trust them.In the play market(android) can add anyone who wants.As a result, only the end user can suffer.

The number of bitcoins lost due to the loss of keys or the death of the key keeper is huge and is growing every year. The theft of our confidential information, passwords - is growing. I get new confirmations of my position that new passwordless and keyless systems will be in demand. Here is a fresh example.
Positive Technologies experts summed up the results of the third quarter of 2019. Every fifth attack was directed against individuals, with almost half (47%) of all data stolen from them - these are credentials in various systems (logins and passwords). For example, the Clipsa Trojan is able to covertly “mine” cryptocurrency, steal passwords, change the addresses of crypto-wallets, and also launch brute force attacks against WordPress-based sites.

6 safety concerns are too much because the most important is security and knowledge .

scammers and hackers are both covered by Securities and knowledge because if you knew how to secure your currencies and you have a knowledge about the strategy of scammers and hackers then you can prevent them from entering your way.

also exchange is not worth letting for your assets to stay longer because they are steps away from being victim of hacking so keep safer.

Today, even a poorly trained user can do a phishing attack. There are ready-made programs for this. Everyone needs to know about this.

Here's a nasty fresh example of how they might attack us:

Large online services use two-factor authentication (2FA) to protect accounts. Usually its implementation comes down to the fact that in addition to the login and password, you must enter a one-time code sent in SMS or push-notification to the mobile number specified during registration. Until recently, 2FA was considered a relatively reliable anti-theft system, but now there are already ready-made tools that make it easy to overcome it.
One of them is Evilginx 2, which we will talk about. This is a reverse proxy server and a ready-made framework for performing a MITM attack to bypass two-factor authentication. Everything that is possible is automated in it.
Evilginx 2 has the super ability to create a signed certificate for a fake site using the client’s free and fully automated Let’s Encrypt Certification Authority. This helps the attacker to use HTTPS and decorate the phishing site with a green lock in the address bar. As a result, the fake is visually indistinguishable from the original. Plus, Evilginx 2 independently detects and intercepts valid cookies, and this is the main component of a successful hack.

We are used to the fact that all hacker tools are written for Linux, however Evilginx 2 is available both on Windows and as a Docker container.

Today, to all the security problems of cryptocurrency as such, the problem of cryptography is added, and this is the basis of cryptocurrency.
And after that, the value of this information will be clear:
Quantum Supremacy Using a Programmable Superconducting Processor
Wednesday, October 23, 2019
Posted by John Martinis, Chief Scientist Quantum Hardware and Sergio Boixo, Chief Scientist Quantum Computing Theory, Google AI Quantum
https://ai.googleblog.com/2019/10/quantum-supremacy-using-programmable.html
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Cryptography after the Aliens Land, Bruce Schneier, IEEE Security & Privacy, September/October 2018.
Read at least the beginning of the article, it was written by all recognized genius in cryptography! I had the honor of being in correspondence with this person; he allowed me to use his quotes. This is a formality, but a fact. The fact that modern cryptography has a lot of problems is not my thoughts. Think carefully about what is written in this article.
https://www.schneier.com/essays/archives/2018/09/cryptography_after_t.html

“In order to access all your emails, you only need one SMS message,” the experts emphasize. Billions of Android device users are at risk of cyberattacks, Check Point experts warn. Using just one phishing SMS message, an attacker can trick a user into changing the critical network settings of a device and stealing his data. According to Check Point experts, some manufacturers of mobile devices, including Samsung, Huawei, LG, and Sony, use OMA CP with insufficient authentication, which can be used by cybercriminals. A remote attacker is able to trick a user into updating the settings of his device using a malicious proxy. Thus, he will be able to intercept a network connection, including browsers and built-in email clients. 
https://research.checkpoint.com/2019/advanced-sms-phishing-attacks-against-modern-android-based-smartphones/

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Spiritual Factor Authentication (2fa) may not always enhance your security. To date, this may be a weakening of your security. It is very successfully bypassed because there are attacks on SIM cards. The news. Twitter allows you to disable two-factor authentication via SMS. 07:54 / 22 November 2019
"Twitter is two-factor authentication."
The ability to disable two-factor SMS authentication was added to protect against SIM swap attacks.

That's the issue we always in counter. so many of us here priority that kind of concerns because its always happen to newbies and to those even have secured their accounts. with this kind of concerns we warn every each of beginners to avoid putting too much funds in any wallet or exchange platform they own. let's be sure that our concerns is fulfilled before we take any kind of action to put too much risk in our funds.

Security is top importanct as we cant control scammers now, at least there should be some security measures crypto should implement in selecting or accepting projects. May it be in exchanges or in some ICO platforms. The rest that I consider too is projects product, legalities, application they have ,platform they use and adoption. There are still many flows that are need to be solved in bitcoin or crypto space.

The management of the transaction fee can be impressing base on the medium of transfer. the higher the price of bitcoin the lower the value of bitcoin as transaction fee. Except for ignorance anyone should avoid exchanges and wallet with high transaction fee, I believe the low turn out for such platform with high tx fee should compel them to reduce it. There are extortioners every where and we should punish such. 

don't know about 6 safety concerns , but the ones I'm concerned about are hackers and scammers
I'm not an easy target for something fishy , I can sniff when they plan to deprive me of my well earned coins from a mile
but nevertheless you never say never and some attempts I experienced were very creative , people fall for it easily
hackers take the matters out of your hands an if you are targeted by a pro , you are in trouble
the good news , most of the hackers are not interested in the targets like me , they shoot for bigger fish
but it is unsettling to send money to exchanges with all of the news of lost funds and whatnot
every time you want to sell or by it is like fueling paranoia , checking if the money is still there in the account, haha

when using cryptocurrency honestly I personally am very worried about scammers because apart from that problem of course we already know how to avoid those problems, unlike scammers who are very difficult for us to predict because they are certainly very good at making projects or platforms that are attractive to many people to try to invest in their projects, and now it's not surprising that some people suffer losses due to the actions of scammers.

Most of the time, we want to have the maximum security over bitcoin transaction. But we aren't really happy if our information and transactions will be monitored. we often ask ourselves, who will be responsible about it? For me, it is not always that bitcoin should be responsible. Take note, we are the one who are making transaction and have the total control over our bitcoins in the market. So, whenever a breached or some faults happen, we should also consider blaming ourselves not keeping our funds in the safest place possible.

For me, security is the highest concern issue in this platform, When a hacker focus on your account, then how could you escape from this type of stage? I don't know what to do? so in this sense, if you can check for your security purpose then you may have not any concern here, but the scammer is not a problem at all, just you need to be cautious about every step and make every decision after a proper analysis on this regard, basically, those people who are not aware of the scammers those are really affected to this platform, so need to be patience, make a slow and steady way to get a anything.

For me, the security of common exchanges and wallets. How many times they have been attacked by the hackers? Even though they are claiming to have a highest security they can offer, but still there security isn't that 100% secured at all. I experienced the hacking account issues before that gave me a lesson to always set 2fa.

On the other hand, I always have a concern with the reputation of cryptocurrencies especially with bitcoin. In most cases, it was used as a back up for illegal purposes that may drag the bitcoin's name down. This concerns me for the reason that it may have an impact for fully adoption of it in various areas.