The threats of bots, trojans and malware attacks are increasingly affecting the users in the digital world. Even the crypto space has seen its fair share of security-related incidents in the recent past.
Crypto wallets, especially the software-based ones, have become a soft target for the hackers. If you are using any desktop or mobile wallet to manage your crypto investments, then it’s high time you should follow the 7 simple steps listed below to improve the security of your virtual coins.
Step 1: Always use an antivirus/anti-malware software on the devices from which you access your crypto wallet. Moreover, do keep an eye on new patch/version releases, and make sure to update the antivirus program as soon as a new patch becomes available.
Step 2: If you are using a desktop/laptop computer, ensure that you are always under active firewall protection.
Step 3: Beware of phishing scams. Don’t just blindly click on any URL that you receive through email, WhatsApp or other messaging applications. It’s a safer option to type the link on the address bar. Google Chrome offers an amazing extension called ‘Punycode Alert’ that can help you stay clear of phishing attempts.
Step 4: If your wallet comes with two-factor authentication feature, it makes sense to use this functionality. Mobile-based authorization with the help of OTP generation will add an extra layer of security to your crypto wallet.
Step 5: Always use a secure internet connectivity while accessing your crypto portfolio. Shared connections and public wifi hotspots should strictly be avoided.
Step 6: Keep your device free of junk stuff. Don’t install miscellaneous software programs or unverified apps because you never know from where an attack might originate from. The key is to make the attack surface as minimum as possible.
Step 7: Finally and most importantly, always use a trusted wallet. Do your research well and opt for the one that has a decent track record. And don’t forget to update them as and when a new update gets released.
Prevention is always better than cure. If you can follow these seven steps, the hackers will have a tough time to break through your tight defense. Staying proactive and vigilant in your approach is the key to safely negotiate security hazards.