Cyberattacks happen approximately every 39 seconds and are a growing worry. In the digital realm, everything’s vulnerability to cyber risks increasing day by day.
Holding digital assets offers streamlined value transfer online with minimal friction—just a few clicks away. If you are looking for ways to ensure your digital assets remain secure and well-protected from various cyber threats, you’re now at the right place!
In this comprehensive guide, we will provide essential tips and hacks to enhance the protection of your digital assets. Let’s get started.
The first step is to leverage a password manager to generate and store complex passwords for each of your accounts. A password should be at least 12-16 characters, which include;
➣ uppercase and lowercase letters,
➣ numbers, and
➣ special characters.
Avoid using common phrases or easily accessible information (such as birthdays). When created, keep updating your passwords periodically and never use them across different platforms to reduce risk.
Next, activate two-factor authentication (2FA) on all accounts that offer it. Doing so will add an extra layer of security, as it requires not only your password but also a second form of verification, either through:
➣ a text message or
➣ authentication app code.
Furthermore, consider using authentication apps (such as Google Authenticator or Authy) instead of SMS for enhanced security. Even if your password is compromised, this will significantly reduce the chances of unauthorized access.
It’s strongly advisable to seek digital asset custody – a broad term that encompasses various methods of storing and protecting digital assets on behalf of their owners. Therefore, invest time in exploring multiple providers. Before making a choice, evaluate their experience and expertise.
To check customer reviews and feedback regarding prospective digital asset custody providers, browse various online platforms, such as Google Business Reviews and Yelp.
Don’t hesitate to inquire about the certifications and solutions they offer, specifically tailored to your security needs and challenges. Hence, the more deeply you research, the more credible provider, like BitGo, you will have by your side!
Operating systems, applications, and antivirus software require regular updates to protect against vulnerabilities. Software developers often release updates to patch security holes. Therefore, it’s essential to turn on automatic updates to stay confident in having the latest protections.
Moreover, regularly check for updates on any devices connected to your network, including IoT devices. Such devices can serve as entry points for cyber threats, including hacking, phishing, and others.
Explore cold storage options, such as hardware wallets or paper wallets, to securely store sensitive digital assets and cryptocurrencies. These methods store your assets offline, protecting them from online hacking attempts.
When you’re ready to use assets, they can be transferred to a hot wallet (online). Ensure that you keep backup copies of your cold storage recovery phrases in secure and separate physical locations.
In addition to leveraging cold storage solutions, taking preventive measures can result in more secure digital assets for a longer period.
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