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RE: Do you think your hardware wallet is safe?
They can detect high value transactions and swap out the recipient’s authentic address for an address controlled by the attacker.
I don't think that's possible since the transaction would need to be resigned by the hardware wallet (and that should be a huge red flag to any user).
But still, no wallet if 100% secure and most of the issues you brought up are very real.
I personally prefer a cold paper wallet anyway, although it only works for storage and not every day transactions.
Last, if you don't mind me dropping a link to my article, I think that physical security is extremely overlooked; and no encryption is going to fix that.
source: https://www.xkcd.com/538/, licensed under Creative Commons 2.5
Security is a pain, isn't it...
'I don't think that's possible since the transaction would need to be resigned by the hardware wallet (and that should be a huge red flag to any user).'
Unfortunately, this is possible as I stated in my article and I believe is it just a matter of time when we hear more about this kind of crimes.
Thank you for reading and commenting