Crypto Academy Week 5 Homework Post for @gbenga | Security problems with Cryptocurrency | Phishing,keylogging,RAT Explained

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Before starting my homework i would love to appreciate the work of professor @gbenga as in his post he explained us about security of crypto currency, not only crypto currency but the threats of real world vulnerabilities and much more.

The possible attacks mentioned by Professor @gbenga are following:

I Would be explaining them in terms of my life experience

  • Cryptojacking :
    The best part of hacking where people earn crypto's after hacking the system of victims.
    Hackers usually try to find server's through which they can spread virus as a server is connected with different clients so gets vulnerable.
  • Dusting Attack:
    Tracing the route to get Owner's identity is a skillfull hacking and dusting attack is much more powerful than others as all you currency could get vulnerable if you get traced.
  • Dos Attack:
    My favorite kind of attack, Now i am going to give you a hint through which you would be able to understand it easily.
    when we hit anything constantly its thickness gets weakened now if we think of website you can target any button which strikes a request to server and bring things up, now consider if you make a bot and requests multiple times / Flooding requests server gets stuck due to over load and the site gets down. There are many Anti-Dos Protections Available for Websites like Cloudflare one of the most popular and commonly used DDOS protection Service

  • DDos Attack
    It stands for Distributed Dos Attack which means you are not only one who is requesting to server but there are huge amount of people who are constantly requesting the server causing it down.

this can be done through scripting in ads for example a person clicks on anything it would redirect to somewhere where he also gets included in requesting to server,

Its like you are also involved in attacking someone's site (Though you aren't)

  • Eclipse Attack
    Attacking nodes and making it vulnerable to get down.
    Eclipse attack is another tough attack which requires a powerful skills of hacking.

Here are some Attacks which might be possible in the Crypto Currency World

Phishing Attacks

Phishing attacks are so common since a long time so what basically phishing is ? , phishing is the process of making a website similiar to the Website but the url and credentials entered would get stored into hacker's space.

Here is an example to understand phishing:
consider a person makes a link through url shortners now you don't know which link it is but if you click on it , it redirects you to a similiar kind of domains like Steeemit now normally people would think it as real steemit but it isn't and after entering the credentials boom ! You got Hacked . So as professor mentioned we need to stay active and cautious while opening any link especially link from those who are not really closer to you.

Keylogging Attacks

Keylogging attacks are making a software and sending it to user PC in form of Applications,

for example :
i would be making a software and could claim that i made a bid bot application for steemit / any other thing.
but when the specific person opens it the software would work simulataneously but on the back hand your every key pressed gets recorded through the hacker.

Rat Attack

RAT stands for Remote Access Trojan Attack this kind of attack is old attack which helps a person to control whole pc of other person as we do on TEAMVIEWER

How these Attacks can make your cryptowallet vulnerable ?

you might be thinking how are these going to make your wallet vulnerable the answer is we don't really think of anything while earning like someone shares a link with you saying you can earn money easily through it what you would do ? Commonly people just try that without searching for it over google as we all know money has attraction.
These attacks makes it pretty easy to access your storage and to steal your saved wallet from your harddisk.

So these attacks are really powerful in case of CryptoCurrency.

I hope with this explanation and knowledge i portrayed A good Lesson for readers and i hope my Professor @gbenga would love to read this homework.

Moreover i have followed all the instructions by @steemitblog and @gbenga and I Assure you that each and everything written above is my own property.

CC:
@gbenga
@steemcurator01
@steemcurator02
@steemitblog

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