Everybody is talking about bitcoin. It seems to be something that people are becoming near obsessed with. Whether it's the evangelists who scream that everyone should have, or should now, put their life savings into the online currency or the doom mongers warning that bitcoin, like Dutch Tulips or Pets.com, will prove to be a bubble that will crash and crumble down to earth sooner rather than later. People cannot stop going on about something that cannot be touched or even looked at.
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Recently there have been a number of high profile cases of lapses in bitcoin security that have seen some people lose tens of millions of dollars. The price has also been fluctuating greatly recently and has made the market resemble a casino rather than a regular financial market. It almost seems as if it would be more worthwhile putting your money on a poker table or into the slots than it would on bitcoin. If you are thinking about taking a flutter with your bitcoin winnings make sure to practice on an online casino website that offers free hands and spins, more details here. The house might often win in a casino but with bitcoin it seems like no-one is sure who is going to win.
Cyber security then is absolutely key if you want to protect your assets. You would never leave your wallet open on a table with the cash poking out, or give someone you pin number, so it is important, if you have any interest at all in cryptocurrency, to take some simple steps to make sure your online wallet is better protected. These three tips are simple and important for protecting your PC.
Get a VPN
Virtual Private networks, or VPN’s, are very important in ensuring your online browsing data remains safe and out of the hands of any cyber criminals looking to exploit your bitcoin stash. They are particularly important when using public networks like Wi-Fi in cafes or airports. In essence they create your own little private bubble where your online browsing data is protected and kept away from other people on your network. It can also convince your computer you are in another country if you want to browse anything that is geo-locked. If someone is looking to find any of your data on a public network your VPN bubble will block them from getting access and ensure that they cannot see what websites you are using or where your bitcoin is. A VPN is a very important step to having more online security.
Ensure that your antivirus is updated
Anti-viruses are something that everyone gets when they first get a new computer but often forget about. Like a smoke alarm or a fire extinguisher they often seem like background protection that are there as much for reassurance as to prevent a disaster from actually happening. However as with a smoke alarm or a fire extinguisher, anti-virus protection must be checked regularly and consistently updated when it gets old. As with new batteries, a new update can make all the difference between keeping you safe and giving you a false sense of security that can cause huge problems if the worst does happen. So to fight off the kind of sophisticated techniques bitcoin hackers use make sure to have up to date protection.
Use a password manager
We have a million different accounts now for a million different websites from social media, to news, to email, to accounts for work. This means we have to keep track of so many different usernames and passwords. This has led a lot of people to use the same password for everything including their accounts that help them manage their bitcoin. This is a very stupid thing to do as it means that one good hacking attack can see all of your info taken and all of your accounts compromised. A password manager randomly creates near impossible to guess passwords and assigns them to your accounts. You keep them locked with one master password but it ensures that if one account password is taken the rest are safe. It's a no brainer to use a password manager.