Over the course of the past months, the Covid-19 epidemic changed the course of things for the entire planet. More often now the discussions over bitcoins are either as the future exchange coin or the soap bubble waiting to pop, generating impressive tragedies for the investors.
Dubai investors that made transactions with the new currency already started to dream about the amazing prosperous year 2020, even though when transactions virtual money there are certain uncertainties. The question now is to invest or sell their planned transactions.
As people continue to fight the coronavirus pandemic that destroyed families and took lives, cyber-attacks are more real than ever. They manipulate in their course of action, the most powerful weapon, people’s fear over the unknown future. The new bitcoin investors are the ultimate prey due to their lack of experience in cryptocurrencies. Especially in 2020, when the common belief was that the bitcoin would reach the highest value yet.
The dangers of cryptocurrency transactions
The electronic money thieves became more creative lately using all sorts of methods to grab the virtual currency: fake donation channels for bitcoin, distribution of fake maps with the coronavirus global spread in order to install secret ransomware applications that can only be removed with bitcoin ransom.
International press publications noted that a lot of individuals received electronic emails looking like coming from important organizations, including the WHO making the recipients open them. It only takes clicking on a link for your personal information to be robbed, your computer to be infected and this is even more damaging once you are working from home using a work computer.
Some important advice
As nowadays we all have computer access, and in the current predicament with the COVID-19 we tend to open websites with daily actualization regarding the infection spread. Our fear combined with curiosity is what hackers are relying on in order to infect with various malware the user’s gadgets.
The method is old, only that before the hackers used all sorts of exciting photos, but now with the current hysteria, the fake coronavirus websites are used as trojan horses to gain access to your personal data.
Also, worth mentioning are the crooks who created investment schemes and bitcoin transaction opportunities along with other electronic currencies promising multiple benefits to the most gullible.
- Take into consideration only using notorious platforms when transacting electronic coins as the field of cryptocurrencies is a slippery slope and the risk to be tricked is high.
- Check that the vendor/charity is legitimate before making any transactions and payments.
- Do your homework and research your potential investment
- In the case of working from home, make sure you are not using your bank account information
- Contact law enforcement if you find yourself blackmailed or you are a victim of extortion and you plan to transform your money into cryptocurrency to pay them.