How is your privacy valued? Do you really know if your information stored is safe and secure?
I've learned in the long run that using SMS verification, password vaults, and other forms of so-called 'security' are not as secure as you would think. Hacking occurs daily, ESPECIALLY in the blockchain industry. We as individuals need to take measures to protect ourselves and our data.
A few forms of security measures most people mistake:
- SMS authentication / 2FAYour phone number is NOT secure. People can hack into your phone number and tap into your messages, calls, etc. How do you think the feds bust most of your favorite criminals? Google Authenticator and Authy are OK, but still have the risk as they're connected to your phone number/email. Physical 2FA is the best option to go with. Hardware-based security keys provide a fast, no-fuss way to use two-factor authentication without having to mess around with your phone with. Some examples include YubiKey's, Thetus Fido, or the Google Tian key.
- Uploading your Bitcoin / Crypto WalletsThese are the absolute worst methods of holding your BTC or other digital assets. If you've been exposed by a keylogger, you can kiss your private key that is stored on your computer goodbye, alongside with your JSON file. Even though it is protected by a password, it's not like it would be hard to find after they're inside the guts of your computer... Your best bet is to use cold storage wallet if you're purchasing as an investment as it's physical and you are the only person who has access to this wallet via mnemonic phrase or seed access. Some good wallets to use are Ledger Nano (my favorite), Trezor, or BitBox.
(PS: NEVER LEAVE FUNDS ON AN EXCHANGE- YOU DO NOT OWN THAT WALLET)- Everyday MessagingYou would like your conversations online are secure right? Wrong. Remember back in 2018 when Mark Zuckerberg went into that big court case because your data wasn't necessarily being sold off, but access to you was being sold. You can also download your whole Facebook life in one large PDF file that has EVERYTHING- even stuff you deleted and old messages. With new GDPR rules, most web browsers collect all of the data you input and register within the domain. Scary stuff. Most messaging apps are not secure, especially if they're being bought by tech giants like Facebook. I use to think WhatsApp was secure until the acquisition with Facebook took place. Some of the safest messaging apps you can use right now would be Signal, Line, or Email. The only way these can be accessed is if there was a leak. Be careful what you talk about online.
There are a few blockchain projects that are taking the initiative for those who really value their privacy like Monero, ZCash, Dash, etc. I've got my eyes on a few other projects that are more focused towards the encryption of transactions and conversations. This article here inspired me to write this post as every day there's always some news about a business being compromised due to basics of security.
Read more about data security and privacy:
https://www.techbullion.com/as-hacker-activity-rises-we-need-to-take-measures-to-protect-ourselves/