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“Pornhub just saved a lot of my cryptocurrencies” by DailyCoin

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“Pornhub just saved a lot of my cryptocurrencies” by DailyCoin
Reddit user: “Pornhub just saved a lot of my cryptocurrencies”
  • The attacks against JBS and the energy company Colonial Pipeline caused significant problems in the supply chain.
  • High-profile digital strikes should serve as reminders to keep an eye out for anyone with mobile devices.
  • A Reddit post recounts how an adult website hacking alert gave the author time to communicate with all financial institutions.
  • Even if the transactional data is encrypted, that doesn’t prevent a hack.

Recent ransomware attacks against US food processor JBS and energy company Colonial Pipeline led to significant supply chain problems and price spikes due to the resulting food and fuel shortages.

The computer files and servers required by both companies were rendered useless due to malicious encryption software that hackers loaded onto the systems.

Within days, both companies gave in and paid bad actors millions for the decryption software needed to access their respective mission critical files.

Experts propose surveillance

These attacks are becoming more and more common.

According to a recent report by Chainalysis, the incidence of ransomware attacks increased more than 300% in 2020 compared to the previous year.

These high-profile digital strikes should serve as reminders for anyone with mobile devices, home routers, and laptops to access the web, including password-protected accounts, especially for retail cryptocurrency investors.

“There is no way to prevent a malicious actor from accessing a device or account. They will always find a way, so the question is: what can you do to slow them down or throw enough obstacles in their way to go elsewhere? ”Said cybersecurity expert and consultant, Michael Spurgeon, whose credentials include 26 years of combined experience with the technology and cybersecurity sector with the following certifications: CISSP, MCITP, CCNA, CISA – among others.

One lucky redditor

According to Spurgeon, one of the easiest ways to protect your various accounts is by setting the highest level of warning alerts for suspicious activity on the various online portals you use, be it crypto exchanges, online digital wallets, commercial websites. , bank accounts. or even adult websites.

This recent and unusual Reddit post titled “Pornhub just saved much of my crypto” recounts how an adult website hacking alert gave Redditor time to contact all financial institutions and crypto accounts to block further access. fraudulent.

This specific Redditor was very lucky because Spurgeon says that adult websites are the main targets of cyberattacks.

“That kind of website has credit card information, customer names, phone numbers, addresses, download details; it’s potentially controversial and embarrassing if those details are made public, making it all the more valuable to cybercriminals. Most sites in general, including adult sites, don’t do enough to protect data, ”he said.

Nobody is sure

Specifically for cryptocurrencies, Spurgeon noted that “crypto” in cryptocurrency stands for cryptography, which is a way of protecting information using asymmetric encryption by creating a software key to encrypt data and a different software key to decode it.

But even if the transactional data is encrypted, that does not prevent a hack on an account or web device. Retail cryptocurrency investors need to protect themselves by storing their digital assets offline in ‘cold’ wallets, while also securing their initial phrases and private keys for their cryptocurrency exchanges offline, not on any device. He is also an advocate for two-step verification and multi-factor authentication.

“There are so many scenarios that can play out, no industry has the championship belt in cybersecurity protection.

Right now, the big banks have the most reliable systems. Because they not only receive alerts from public networks, they also receive alerts from the police and the FBI that allow them to notify the appropriate financial institution of any indicators of compromise, so that the bank can alert the consumer quickly, ”said Spurgeon.

Preventive measures are recommended

According to Spurgeon, the sooner you know that your device or account is under attack, the sooner you can take the necessary steps to neutralize the threat and prevent it from spreading elsewhere.

If your Windows device is compromised, it says reinstalling the operating system generally removes the threat, but you’ll want to work with the device’s support team to be sure.

“Generally speaking, some tell-tale signs that your device may have been compromised are system slowness, unusual patterns appearing on the screen, random screen flickering, or frequent freezing of the device so that it won’t work. These are possible indicators that your device may have been hacked, “Spurgeon said,” but your device may not display any of those signs and could still be compromised. It’s good to run a regular security scan using a trusted app to be safe. “

Two of the cybersecurity tools he recommends that have options for businesses and individuals are Trend Micro and Cylance. Protect yourself and your assets, the next cyberattack could hit a device near you.

On the other side

  • No system is 100% secure. In the same way that retail investors should DYOR when evaluating cryptocurrencies, the same applies when trying to keep that investment safe – do your own research.

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