Secrets of Cybersecurity: Protect your Cryptocurrency Assets with WhiteBIT

By WhiteBIT

We've all heard about cyberattacks, which are becoming more common and dangerous. Statistics in recent months show that the crypto industry has lost as much as $889 million due to cyber incidents! It brings the issue of cybersecurity to a new level. Let's discuss how we can make our cryptocurrency assets more secure.

For the WhiteBIT crypto exchange, cybersecurity is one of the main priorities. WhiteBIT is one of the three safest crypto exchanges in the world according to audits by Hacken, a cybersecurity company, and the CER.live rating, where WhiteBIT got the highest AAA level. For example, 96% of WhiteBIT's digital assets are stored on cold wallets inaccessible to online attackers.

Security starts with you

Only some things depend on the exchange. The primary role is played by each user, who, due to insufficient knowledge in the field of cybersecurity, can become easy prey for fraudsters. Therefore, WhiteBIT experts have prepared several tips on how to use a cryptocurrency exchange.

Rule #1: Check for phishing

Phishing is an online fraud that uses fake websites to obtain confidential data. Attackers disguise themselves as original websites; if you enter your data on them, they can access your account. Therefore, be sure to check the official communication channels with the exchange. There is a service on the WhiteBIT platform that you can use to check the official WhiteBIT channels. The exchange also allows users to set up anti-phishing codes to help verify the authenticity of emails.

Rule #2: Be careful with phone calls

Be careful if you receive a call from an unfamiliar number, especially if you are asked to provide personal information or send money. No crypto exchange uses mobile communication to attract new customers or sell its services. WhiteBIT, for example, has call center support, but no employee will ever ask you for personal information such as your account password.

Rule #3: Check the address before sending funds

Sending assets to the wrong address can lead to losing your funds. Therefore, always check the recipient's address carefully to avoid falling victim to a change of address attack. It is easy to do by simply following a few rules:

• Check the address twice before confirming the transaction.

• Read each character of the address carefully.

• Do not copy addresses from your transaction history.

• Send a test transaction for a small amount to make sure the address is correct.

Also, if you are unsure whether the address has been involved in fraud and illegal services, you must conduct an Anti-money laundering (AML) check. Exchange users who have passed the identity verification can independently check the address with which they plan to interact. WhiteBIT Coin (WBT) holders can do this for free!

Additional cybersecurity tips:

1. Be careful with personal information. Never provide personal or financial information over the phone if you are not sure if the call is legitimate. It includes social security numbers, bank card information, passwords, and other sensitive information.

2. Calls from unknown numbers, letters, and messages in messengers are potentially dangerous. Be wary if you receive a call from an unfamiliar number, especially if you are asked to provide information or send money. Do not hesitate to reject such calls. Also, ignore emails that ask you to provide personal information — mark such messages as spam.

3. Check who you are talking to on the phone. If you receive a call from someone claiming to be a bank employee, government official, or other organization, always verify their identity. Hang up and contact the organization's official number to confirm that the caller is genuine.

4. Fraudsters can also send emails and messages under the guise of crypto exchange support. Carefully check the sender's contacts and do not provide personal information.

5. Do not download remote access software such as AnyDesk, TeamViewer, or Chrome Remote Desktop to your computer.

6. Report fraud. If you become a victim of fraud, report it immediately to local law enforcement and your service provider.

7. Educate yourself and your loved ones. Tell your family and friends about potential scams and how to avoid them. It will help them to be cautious and protect them from possible attacks.

"If you have any doubts about the actions you are about to take or notice any suspicious activity with you or your loved ones, be sure to contact support@whitebit.com or our social media chats. If you have already become a victim of fraud, be sure to contact the support of the service you use and notify law enforcement agencies," WhiteBIT urges.

Be careful and protect your cryptocurrency assets!