CryptoCurrencies – What this payment method faces

In the virtual world with the birth of Bitcoin, the number of virtual currencies increased, with Bitcoin being the most popular cryptocurrencies, which is far from the rest due to the rise in its value currently.

In the virtual world with the birth of Bitcoin, the number of virtual currencies increased, with Bitcoin being the most popular cryptocurrency, which is far from the rest due to the rise in its value currently. Cryptocurrencies are virtual currencies used in commercial exchange at an electronic level, without financial intermediaries and without state control. This generates a disorderly value among them, the search for a privileged position in various sectors, coupled with the few rigorous and sometimes non-existent checks and balances, cryptocurrencies are the new target of cybercriminals.

On the other hand, the lack of legal control makes people and companies distrust of carrying out transactions with cryptocurrencies, they fear putting their money in the hands of a private company, which will be identified with a code as cryptocurrency, because many are unaware of the technology Blockchain, where all transactions made with virtual currencies are located.

What Problems can face the Cryptocurrencies

This being a currency with such a high value many people seek to get hold of this virtual currency giving rise to hackers, attacks on cryptocurrencies are on the rise, some of them are known as Cryptohacking techniques and some of which are they use would be:

▸Fake virtual wallets: Those who own and / or buy cryptocurrencies deposit them to be generally kept in a virtual wallet. Cybercriminals cheat with malware that simulates a wallet, to be downloaded and thus seize cryptocurrencies. It is recommended to be careful with what is downloaded, paying attention that they are trusted websites.

▸Ransomware: It is a malicious software that installs itself on the computer, hijacking your data, keeping it captive until a ransom is paid, which is usually in Bitcoin.

▸Malicious codes: Cybercriminals insert code into websites, emails or downloads, which are hosted on users’ computers and hijack it to mine cryptocurrencies on behalf of the cybercriminal, this malicious code is known as “forced mining” and is detected by changes in the computer in terms of speed, strange processes, among others.

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