Blockchain is NOT the Final Word When It Comes to Cybersecurity

Written by maria-lobanova | Published 2019/09/28
Tech Story Tags: security | cybersecurity-skills | cybersecurity | fraud-protection | latest-tech-stories | crypto-market | internal-security-policy | code-vulnerabilities

TLDR Cryptomarket is experiencing a new rise; more people are entering the crypto space via trading on exchanges or storing crypto assets in wallets. At least three known attacks have happened due to compromising of workers’ login details: Bithumb, NiceHash and YoBit hack all happened in 2017. Despite the fact that the use of blockchain in many aspects solves the security problem, there are several common vulnerabilities of crypto exchanges. People employed at cryptocurrency exchanges sometimes use weak passwords or store their login credentials on insecure external devices.via the TL;DR App

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Written by maria-lobanova | Journalist, crypto investor
Published by HackerNoon on 2019/09/28