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WHAT IS CRYPTOJACKING AND HOW TO PREVENT IT?

7th December 2018 by thom Leave a Comment

Cybercrime is at an all-time high. Although, the entire tech industry is doubling down on security; efforts have still been ineffective to stop the evil.

One of the many reasons for that is because black hats are becoming more ingenious with their exploitative methods.  Crypto jacking is one such example of their cunning minds. We can describe it as the unauthorised use of someone’s hardware to mine cryptocurrency. In simpler terms, it means that a program hijacks your computer, tablet or mobile phone and use the device to mine Cryptocurrencies. [Read more…]

Filed Under: Money, Responding to news, Security Tagged With: antivirus, cryptocurrency, cryptojacking

Ethereum: Is Cryptocurrency Really Safe?

4th August 2017 by thom Leave a Comment

Cryptocurrency – it came, it saw, it conquered; and now it is facing a foreign invasion. Its defences were breached by hackers who managed to get away with 153,000 ethers, which are $32 million in current exchange rate. Parity Technologies faced this security hack in their multi-signature wallet software while normal wallets are safe as yet. Before this, CoinDash had to cancel their ICO after facing a $10 million hack. (Wilmoth, 2017) [Read more…]

Filed Under: BlockChain, Money, Responding to news Tagged With: bitcoin, cryptocurrency, doom scenario, Encryption, Ethereum, internet of things, iot, Knowledge Base, security

Cryptocurrency Must Advance Past Speculation

2nd June 2017 by thom Leave a Comment

Cryptocurrency, BlockChain, Digital Currency; these are the most circulating words these days in the financial echelons. The talk of the town! Bitcoin, LiteCoin, and Ripple in other corners. With the introduction of e-wallets and online payment systems, BlockChain technology found a big market for its propagation and eventually, a practical solution for safe money keeping in digital form. [Read more…]

Filed Under: Money, Privacy, Responding to news Tagged With: bitcoin, cryptocurrency, litecoin, payments, Privacy, ripple

Cryptocurrency and Privacy – Is there anything called Anonymous Payments?

28th April 2017 by thom Leave a Comment

cryptocurrency illustration tag cloudWith the digitization of the world and everything around us, it was just a matter of time that our monetary affairs came in the fold of it. The transformation of trading payments from barter trade, to gold and silver coins, to paper money to credit cards has been an interesting journey. But to think, this was end has been negated big time with the introduction of new payment method called Cryptocurrency. [Read more…]

Filed Under: Money, Privacy, Security Tagged With: bitcoin, blockchain, cryptocurrency

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