Chief of Cybersecurity

Dewayne Hart

Welcome to the Chief of Cybersecurity Podcast hosted by Dewayne Hart where we provide learning and discuss relevant information concerning the cybersecurity workforce, business development, and best practices. You can find more information for SEMAIS at www.semais.net and a list of authored publications at www.dewaynehart.com read less

Secret Tips to Keep Your Cryptocurrency Safe From Cybercrime
Nov 2 2022
Secret Tips to Keep Your Cryptocurrency Safe From Cybercrime
Bitcoin and other types of cryptocurrencies have exploded onto the market in recent years, and based on virtual currency's popularity, it seems to be here to stay. Cryptocurrencies are digital or virtual currencies secured by cryptography, with many using decentralized networks based on blockchain technology – an open, distributed ledger that records transactions in code. Crypto is stored in a digital "wallet" on a website, computer, or an external hard drive. To put it simply, Investopedia defines cryptocurrencies as systems that allow for secure online payments denominated in virtual "tokens." The first cryptocurrency launched a little over a decade ago, was created by Satoshi Nakamoto, who described it as "an electronic payment system based on cryptographic proof instead of trust." Other common types of cryptocurrency include Litecoin, Namecoin, Dogecoin, Ethereum, Cardano, and others. In March 2021, there were reportedly over 18.6 million bitcoins in circulation, with a total market cap of around $927 billion. Technology has made almost every aspect of our lives – and the lives of criminals – easier. The blockchain has fostered an ecosystem in which illicit actors can efficiently operate anonymously and internationally, stalling financial investigations and setting the stage for increased crypto crime. BitCoin has been excellent and volatile when investing, but deeper concerns, such as ransomware and financial fraud, are lurking beneath your bank account. Do you feel rich? This podcast will reveal SECRET tips to keep your cryptocurrency safe from cybercrime. By following these tips, you'll be able to keep your coins safe from hackers and thieves.