3 Types Of Cyber Attacks That Cryptocurrency Can Encounter

There are hundreds of ways how hackers can attack your cryptocurrency today. Hackers use different methods they are even getting smarter as the technology develops even further. Here we will take a look at a few of the most common cyber attacks.

1. Ransomware

Hackers start by introducing a ransom file on your server. Next, hackers use phishing methods that will most likely make you accept an email with the ransomed file attached. The ransom file usually looks legit but when the user opens the file it encrypts all valuable information on their servers. When the users later try to access the file, the hackers send them a message that they must pay a certain amount of money.

2. Internet Of Things

The IoT consists of all items that are digital and are able to be connected to the internet sometime before. While some of these items may help and make our lives easier, some of them are very susceptible to attacks. The items are swamped with a lot of security gaps and hackers can use them. If these devices are coordinated for an attack, there can be a great chaos.

3. Social Engineering

This is maybe one of the oldest forms of hacking that is still much used today. Hackers trick the users to enter sensitive and valuable information by many different methods. They can, for example, send an email to employees, send links to users and request them to reset passwords and many other ideas. This is a method of a cyber attack will most likely develop as the people are closely following the way this technology develops as well.
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