while overall cryptocurrency is a good idea – because it allows decentralized money transactions.
… it is not cool that
- your name
- postal code
- birth date
- phone number
… are enough info for social engineering hackers to set a new password to your account or initiate a SIM phone number swap and steal millions and millions in cryptocurrency!
social engineering centers on:
- Amazon and Co say: “customer is king” – well yes – but changing passwords by people that you can not properly verify / authenticate is a horror scenario.
- BigData and information-over-sharing – the more information hackers have about you
- the easier they can lure phone-support-staff of financial and other companies into changing your password
- Banks push to abolish cash because – private banks unlike the FED are only allowed to create DIGITAL book money not cash this is called.
- Kumhof: financing through money creation – Recent model intermediation of loan-able funds theory misrepresents how credit is created in the real worldloans -> deposits -> reserves, not the other way around.
- make a “happy password changing day” where you change all your passwords once a year
- multi layer passwords:
- one password for important, one for not-so-important and one for very important stuff
- multi layer passwords:
SWEDEN! KEEP YOUR CASH!
OMG X-D
In Japan arrested a teenager who stole $130 million in cryptocurrency
Japanese authorities had charged 18-year-old resident of the city of Utsunomiya accused of hacking into the social network Monappy and Monacoin wallet and stealing cryptocurrency in the amount of 15 million yen ($130 million). This is the first occasion in Japanese history when the offender was indicted on the burglary associated with the cryptocurrency.
auto translated from src: https://exploit.in/2019/12284/