The crypto and non-fungible token ( NFT ) industry is predicted to experience an increase in cyber attacks in 2022 that threaten the owners of these digital assets. It is important to understand preventive measures to anticipate hackers' efforts, one of which is securing a wallet where crypto and NFT are stored.
Previously, cybersecurity company Kaspersky released a report predicting the cyber landscape of the Southeast Asia region in 2022. The report explained that the crypto and NFT industries were the sectors experiencing an increase in cyber attacks.
Hackers attacks targeting the two industries would not be based on crypto, but with scam and pishing methods such as cyber attacks that often occur in the digital world.
Like attacks on many other accounts [though not crypto-based], namely scams and phishing , where users 'accidentally' provide their credentials
Then the credential leak that occurs will allow hackers or hackers to access the user's crypto wallet .
In general, when creating a crypto and NFT wallet , a person will be given a private key (privacy key) in the form of a series of words, the number can be up to 12 words, as an identity code for the sole ownership of the wallet.
This privacy key should not be known to anyone, because those who know it can access the wallet from any gadget and transfer its contents to another wallet .
Attackers can get information to access the wallet that is used as the key to ownership of crypto assets or NFT.
There are two types of crypto wallets, namely hot and cold. Most people use hot wallets which means they are connected to the internet.
The wallets that many people use today are hot wallets that can be stored in the cloud , certain applications, Metamask, etc.
Hot wallets are the most convenient to use, because they directly connect to the crypto ecosystem, but the disadvantage is that if the assets have been hacked, they can be stolen immediately
While cold wallets are hardware wallets that tend to be more secure because they are not connected to the internet unless desired.
There are several things that can be used to avoid cyber attacks for crypto and NFT users, namely using the services of a platform that provides asset loss insurance such as Coinbase or joining a platform/ecosystem that can guarantee more security, such as OpenSea which allows blocking stolen NFTs.
Cryptocurrencies themselves are digital assets that are cryptographically secured within the concept of a decentralized blockchain, this makes them considered secure and highly unlikely to be counterfeited.
As technology develops, blockchain can also generate NFTs, unique assets that can only be created once. This is why NFT is often associated as a digital art form, even though its use is still very wide.
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