This has presented many challenges for users of any crypto platform. All users of an online platform are expected to be aware of the potential risks they might encounter while working and using the platform.
There are many users who have lost their funds due to negligence or carelessness by omission as to how they manage their online visibility and experience. Although the internet is known to be highly profitable for users, it is also important to maintain a high level of security due to the increasing number of cybercriminals who basically want to rob unsuspecting users of their money.
What is security?
According to Wikipedia: Security is freedom from, or resilience against, the potential harm caused by others. Such that beneficiaries of such security may be persons of a social group, objects, institutions, ecosystems, or any other entity or phenomenon vulnerable to unwanted change. These vulnerabilities can tarnish the image and reputation of the potential beneficiaries of such an attack and cause them a massive financial loss as a result of the attack.
Several projects, exchanges, and individuals have been susceptible to attacks from dangerous cyber attacks and hackers since the inception of the blockchain technology and cryptocurrency era. Projects have been liquidated financially as a result of hackers draining their funds due to a lack of security around the software that was developed.
This article would focus on ten Klever security tips for anyone in cyberspace, especially for funds management as analyzed by one of our Klever security experts Vinihil.
- Always use 2FA: the use of two-factor authentication (2FA) which can be a text message via the user’s telephone number or the use of either the Google authenticator (GA) and an email verification can provide some level of security to the user’s account.
- Keep your private keys safe and secure: The private keys of an individual are unique to the individual and should not be shared with anyone no matter how close they are to you for your own personal safety. This would help to reduce the possibility of it being stolen or used to access the account of the individual.
- Choose a unique secure pin: The personal identification number (PIN) is meant to remain private to the individual and must remain safe and secure; however, many people regularly use pins that are obvious to the potential hacker, such as the date of birth of themselves or their families, posing a threat to the security of their information. To avoid security breaches, users should not use their date of birth as their pin.
- Consider using a Hardware wallet: Most users especially in the crypto space underestimate the need for use of a hardware wallet as they oftentimes never factor in the need to get one. It is foolhardy to have coins and tokens worth over $50,000 and not store them in a hardware wallet. It would only be wise to invest at $200 to get a hardware wallet and secure your funds than store your funds in an exchange wallet where you do not have control over.
- Always double-check all URLs and sources: The increase in cybercriminals has hit an unprecedented level with most of them mimicking and creating clones of websites and other resources all in the bid to defraud unsuspecting users. This is more of the responsibility of the users to double-check and confirm that the sites or resources they are using are authentic sites to avoid being misled.
- Beware of phishing scams: Phishing scams are common throughout the world, especially in the crypto space, and they have caused many people to lose their funds due to theft and redirection to wrong or similar sites that ask them to transfer funds.
- Keep your devices protected: It is always advisable to keep your devices protected from possible viruses or trojan attacks that may come in form of malware sent via emails and mobile apps. Users are expected to always update their antivirus applications for protection at all times.
- Avoid public wifi locations: It’s important to note that not everything that comes free especially in cyberspace is healthy. It is advisable to avoid the use of free public wifi as a source of internet connection. This is as a result of programmers who embed certain codes to access users’ data unknowingly upon access to those free wifi networks. Many people have lost large amounts of money as a result of the use of such wifi networks.
- Audit your security from time to time: This most time is the responsibility of the users and even the platform where transactions are executed. The level of security would require constant monitoring and updating to keep it at par with the current trends of virus attacks and possible malware threats.
- If it looks like easy free money, It is probably a scam: A large number of people are very guilty of this last security challenge. A high level of greedy people springs up on a daily basis who do not want to follow the legit process of making money in life which requires persistence, hard work, and diligence. They are more interested in subtle ways or easy cuts to make money, and so always fall for such scams due to their greed. You should avoid scam projects and programs that are solely intended to defraud individuals.
In conclusion, Klever would continue to enlighten our community and potential members of these safety tips on a more frequent basis in order to protect them from the vulnerabilities associated with scammers and fraudulent hackers all over the world in a Klever way.