As the adoption of digital assets continues to grow, so does the sophistication of cyber threats targeting these valuable investments. In 2024, it is more critical than ever to be aware of the risks and take proactive measures to protect your digital assets. Here are the top 3 cyber threats and expert advice from Revolut Tracker (FRA) on how to safeguard your investments.
1. Ransomware Attacks
Threat Ransomware attacks involve malicious software that encrypts a victim’s data, with the attacker demanding a ransom for the decryption key. This can paralyze operations and lead to significant financial losses.
Protection
- Regularly back up your data to offline storage.
- Use robust antivirus software and keep it updated.
- Educate employees about recognizing phishing emails that often deliver ransomware.
2. Phishing Attacks
Threat Phishing attacks use deceptive emails, messages, or websites to trick individuals into revealing sensitive information, such as private keys or login credentials.
Protection
- Be cautious of unsolicited emails and messages.
- Verify the authenticity of any communication requesting personal information.
- Use multi-factor authentication (MFA) for all accounts.
3. Wallet Hacks
Threat Cryptocurrency wallets, especially hot wallets connected to the internet, are prime targets for hackers seeking to steal digital assets.
Protection
- Use hardware wallets for long-term storage of large amounts of cryptocurrency.
- Enable two-factor authentication (2FA) on wallet accounts.
- Regularly update wallet software to patch vulnerabilities.
