If you want to protect your digital assets and Web3 life, you may want to dive deeper into crypto security. While cryptography may seem like a complicated issue, there are some simple solutions to protect your digital life with crypto security.
Securing Your Browser
A secure browser is the best way to minimise the risks when going through crypto-related content and websites. Being “online” can present various risks, no matter if you just search for something personal or use it to access financial applications – it’s vital that you use a browser with good security features.
While most browsers nowadays are more or less the same, there are several ways to improve their security. This includes keeping the software up to date, using a trusted VPN and disabling automatic downloads. Another thing would be to save websites you frequently use to bookmarks, especially if they are crypto-related, to not fall for phishing attempts.
Enabling Two-factor Authentication
Two-factor authentication is a security measure that makes it harder for attackers to break into your online accounts. The process involves a unique code that is generated on your device. This can be a text message or a software-generated time-based one-time passcode.
Although these methods provide a high level of protection, they are susceptible to social engineering attacks. If someone knows your phone number, they can call your account and get a verification code. Thus it would be safer to use specific applications for 2FA (e.g. Google Authenticator) or even go for multi-factor authentication with various methods (e.g. facial ID).
Cold Wallets Offer the Best Security
A crypto wallet is an application that allows you to store, send, and receive digital currencies. It also provides protection from theft of digital currency. Crypto wallets are based on a number of different technologies. While there are several types of crypto wallets, there are two main categories. These are hot and cold wallets. Hot wallets are Internet-based, making it easy to access your cryptos. However, these devices are prone to security breaches. Cold wallets are not connected to the internet, making them more secure. They also function independently of the web. This makes it harder for hackers to steal your private keys.
Improving Protocol’s Security
To protect both individuals and protocols against vulnerabilities, a variety of security approaches are developed. Smart contract audits and bug bounty programs, manual testing, and advanced machine learning models in order to prevent potential security vulnerabilities. Another method is to use risk management tools and platforms to monitor project security and health in order to prevent both technical and economic attacks. Apostro and Gauntlet are two DeFi security risk management technologies that may help projects protect against numerous attack vectors.
