No one can argue that bitcoin has become a phenomenon that can’t ever be overlooked; the number of mainstream businesses adopting it, as a payment method, is increasing steadily and more and more venture capitalists are chipping in into various bitcoin startups. However, as the world’s first cryptocurrency is becoming more and more popular, this comes with a serious premonitory, especially that the anonymity offered by the blockchain technology is so tempting to hackers and fraudsters.
Whenever you become a victim of identity theft leading to loss of funds off your credit card or bank account, your losses would be covered by your bank or insurance company, but what if your bitcoins were stolen? Who would cover for your losses then? Accordingly, securing your PC and bitcoin wallets is crucial to turn down most hackers who might try to steal your coins.
How Hackers Can Target Your Bitcoin Wallets and Trading Accounts:
To maximize the security of your bitcoin wallets, you first need to understand how hackers can target your PC, mobile or server to steal your coins. Here are the most common types of attacks, hackers can use to exploit the vulnerabilities on your OS and steal your bitcoins:
Phishing IP addresses has always been one of the most commonly used types of hack attacks. Occasionally, the “IP phishing” is just the first step in more complicated types of attacks. In my opinion, nowadays if the IP of the “target” is recorded, 50% of the hacking process is already completed.
In most instances, a hacker creates a malicious link and sends it to the target machine, and once the user clicks on it, the IP address of his/her machine is recorded.
If you are using an