If you read this post,
I've been hacked (Electrum 4.3.2), you will find that person lost his funds because he did not protect his wallet properly.
I would like people to tell and discuss that after installing Electrum wallet on the computer, what additional steps they should take so that there are minimal chances of their funds being hacked by the intruders and hackers.
@Julerz12, Hacking of this manager's Electrum wallet is really surprising because the hacker hacked the escrow dollars of two of his signature campaigns. On the other hand, the security system of Electrum wallet has been questioned.
We know the @Julerz12 manager very well, it's not like an honest manager like him can't handle the lure of just $5000. I think maybe someone hacked his PC in his absence or hacked his PC line server and then took access to his PC.
For example a few days ago a bitcoin developer hacked 200 BTC with access to offline wallet of @lukedashjr. This happened very miraculously as many might be wondering how a hardware/offline wallet is hacked. Actually the incident happened differently, the hacker first hacked his home PC server line and later took access to his hardware wallet from the PC line. Then a Bitcoin developer 200 BTC thus coincidentally falls into the hands of hackers. In this case the security system of hardware wallet can never be responsible.
Do/Don't do This 1.Check your home server line security system thoroughly.
2. You should never download a software wallet from a phishing website.
3.You should not save your wallet's Backup key, Password, Seedphase etc. here and there. Write down a security detail in a notebook or diary and keep it in a secret place.
4.If you are not at home i.e. not near your PC/mobile, close it and lock it in a secret place. It is also possible that someone steals your device password and gains access to your wallet in your absence.
5. Don't leave your webcam on while the PC is online.
6. You should not connect wallet to any unknown website especially during airdrops / Bounty. This will make your wallet more likely to get hacked.