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Topic: hackers becoming smarter than exchanges? - page 18. (Read 4760 times)

sr. member
Activity: 784
Merit: 250
August 19, 2018, 08:58:56 PM
If the hackers are becoming too smart, then the exchanges should beef up their security to protect people deposits.
and they need to hire white hat hackers to improve their security system.since many hacking cases in crypto market , exchanges need to improve their system to protect their member.
full member
Activity: 462
Merit: 100
ANONYMOUS MOBILE PAYMENTS
August 19, 2018, 08:30:45 PM
That is troubling news. Hackers threatening our wallets and our hard earned coins should be taken seriously by exchanges. Then again, people themselves who have access to their wallets should really know how to protect themselves from user error through phishing websites and such. I just hope we build a fool proof security soon.
sr. member
Activity: 882
Merit: 251
August 19, 2018, 07:19:06 PM
If the hackers are becoming too smart, then the exchanges should beef up their security to protect people deposits.
Exchanges should double check their security for all the benefits of the users. Hackers are everywhere to get people money and users must be cereful and being smart to protect their wallet.
newbie
Activity: 70
Merit: 0
August 19, 2018, 06:57:51 PM
This hackers are really becoming a problem and a pound on everyone's flesh. The exchanges should just try to protect their database and every other thing.
newbie
Activity: 71
Merit: 0
August 19, 2018, 06:37:29 PM
If the hackers are becoming too smart, then the exchanges should beef up their security to protect people deposits.
newbie
Activity: 728
Merit: 0
August 19, 2018, 06:13:22 PM
Each IT specialist knows that there are vulnerabilities in every system so theoretically every system can be hacked. Hacking any well-secured IT system is not easy task because usually it is incredibly difficult and expensive nad, of course, there are various risks to be revealed and cought. By far hackers are very professional and incredible talented persons but it does not mean that they can do everything that they want. As far as I know serious IT systems are quite well-secured and such systems are maintained by very professional and experienced specialists so they can protect their systems against hacker's attacks.
member
Activity: 322
Merit: 10
August 19, 2018, 05:32:18 PM
Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.
hacker's knowledged growth fastly.and they able to developt new methode to attack exchanges and wallet.so today it become risky again to save our cryptocurrency asset.
We should be careful with many sources. Learn how to protect your property. Divide them into many places. Precautionary risks may occur.
member
Activity: 350
Merit: 10
TRONscratch.com
August 19, 2018, 05:26:56 PM
I think that hackers really have the capability to break the security system of some exchanges. This is why we need to look for a good exchange that we could rely to and make sure that they will going to have their hands held with any losses we suffer from hacking issues.
sr. member
Activity: 560
Merit: 257
August 19, 2018, 04:32:07 PM
They should be aware of the internet world that everything is unsafe and very vulnerable to hacking. Make things as complex as possible so that hackers do not easily break anything valuable in the internet world. Hackers are on the wrong path, if hackers can be properly employed, maybe they will make a strong security system to apply to important and big websites in the internet world such as exchanges etc.
sr. member
Activity: 840
Merit: 254
August 19, 2018, 04:12:53 PM
It is not that hackers are smarter than exchanges, the problem for exchanges is that they are sitting targets, everyone knows they are a target including themselves, but they do not know where the enemy is coming from or from which direction or when it is going to appear, so hackers despite not having the same resources available have a great advantage over exchanges.

You are right, because of the modern technology and new programmings, hackers can always finds vulnerabilities to attack websites or exchanges, the most important thing exchanges keeps updating their system.
Correct, if the hackers discover a zero day vulnerability in the software the exchange is using they can easily hack them, writing code is very easy anyone can do it but writing code without any vulnerability is very difficult, there are hackers discovering zero day vulnerabilities and selling them for a lot of money to anyone that wants to pay for them and if a hacker gets his hands on it, it can be very dangerous.
member
Activity: 406
Merit: 10
The Exchange for EOS Community
August 19, 2018, 02:17:33 AM
You should focus on holding them for a long time, but do not worry too much about the market, do not worry too much when many people are trying to cheat on you, be confident and not believe in the that hacker
newbie
Activity: 266
Merit: 0
August 19, 2018, 02:14:09 AM
Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.
but it is very difficult to stop these hackers or scamer, there is no such application to deal with such criminals. if there is a possibility it will at least reduce crime so investors will be safe.
sr. member
Activity: 1974
Merit: 450
August 19, 2018, 12:27:13 AM
Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.
hacker's knowledged growth fastly.and they able to developt new methode to attack exchanges and wallet.so today it become risky again to save our cryptocurrency asset.
you're right, they always learn new things at all times. even their team might have extraordinary intelligence. because even, as strong as exchanger / bank defense, they are broken into. well, they are very good at this.
sr. member
Activity: 980
Merit: 250
August 18, 2018, 11:02:45 PM
Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.
hacker's knowledged growth fastly.and they able to developt new methode to attack exchanges and wallet.so today it become risky again to save our cryptocurrency asset.
full member
Activity: 470
Merit: 102
August 18, 2018, 10:42:26 PM
Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.
hero member
Activity: 2716
Merit: 552
August 18, 2018, 09:34:15 PM
I think no, why? Because of the hackers are the core members of the team. There are many sabotage happens in an exchange and it is the reason why exchanges are intercepted easily. Hackers cannot touch the security of exchange because they have the strongest and experienced team.

Not all of them actually. There are a lot of exchanges being hacked even though they have a great team of security, that is just a proof that hackers are finding new ways to hack an exchange.

That is the reason why not all systems are safe, there will always be a flaw, a vulnerable place to attack a system. They may be hacked but if we will be talking about experienced security, I guess it will just last a couple of hours or minutes and it will be back to fine.

I think you didnt get his point.

Because of the hackers are the core members of the team

He mean that hackers maybe a member of the team. This is really possible, since the system cannot easily be compromised because all of the data are properly stored and its almost impossible for the outside people to touch and manipulate it, not unless if someone from the inside do it.
In general, storing something over the internet isnt safe.
hero member
Activity: 1302
Merit: 540
August 18, 2018, 09:33:38 PM
Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

The challenge between hackers and developers has been the history of IT and of crypto and for sure it will never stop. Occasionally some smarter hacker appears - that's inevitable, that's nature. Get used to that.
I agree with that, this job from both ends has been there eversince, hackers will keep trying to break the defense where developers will keep improving the system, but there's a time where hackers find some ways to penetrate and surpass the exchange security system, hackers won't stop as it's been deliberately done as a job by some computer expert.
hero member
Activity: 1722
Merit: 528
August 18, 2018, 09:19:15 PM
I think no, why? Because of the hackers are the core members of the team. There are many sabotage happens in an exchange and it is the reason why exchanges are intercepted easily. Hackers cannot touch the security of exchange because they have the strongest and experienced team.

Not all of them actually. There are a lot of exchanges being hacked even though they have a great team of security, that is just a proof that hackers are finding new ways to hack an exchange.

That is the reason why not all systems are safe, there will always be a flaw, a vulnerable place to attack a system. They may be hacked but if we will be talking about experienced security, I guess it will just last a couple of hours or minutes and it will be back to fine.
full member
Activity: 658
Merit: 106
August 18, 2018, 09:16:26 PM
They are particularly of doing their best and create ways to crackdown private keys and password.  Our best thing to do is not to stay alone in just a single addy especially for online base wallets so they can't trace it easily. And if they might catch it, there Is still left on us.
To avoid from hackers from hacking our account in exchanges and stealing our cryptocurrencies, it is best for us to don't put a lot of money or all of the cryptocurrencies that we have, it is better to just put the capital and not the other balances in order to stay safe and to avoid losing all of the things that we have.
i think put it into several place can be best option for us.while one account hacked , another account are safe.maybe safe it on offline wallet can be choice for us.
full member
Activity: 714
Merit: 117
August 18, 2018, 09:00:47 PM
Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

The challenge between hackers and developers has been the history of IT and of crypto and for sure it will never stop. Occasionally some smarter hacker appears - that's inevitable, that's nature. Get used to that.
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