Cyber attacks are stealing the data with the help of malicious software happening on the internet. The unauthorized data is stealing from the user data. The cryptocurrency scams are increasing day by day in the world of crypto.
Phishing is one of the processes of stealing the data or the digital assets.
(Note: To avoid the cyber attacks in cryptocurrency exchange script, Zodeak provides the best solution with security features included in it).
Types of Cyber Attacks and Methods to Remove It
Ransomware
Ransomware is the random malware that prevents users from accessing their files by paying a certain amount of money.
Types of Ransomware
Scareware
Scareware is the type of ransomware attack, it happens when downloading the files on the internet with suspicious activity. Scareware can be easily removed by installing the cyber security applications to the computer with the full protection.
Screenlockers
Screen Locker ransomware is the other type of attack, the computer will be locked by showing the warning sign. The computer will be unlocked only when the payment is completed properly.
Encrypted Ransomware
Encrypted Ransomware is the important type of ransomware that happens when unlocking files. When this type of malware is attacked, it becomes very difficult to eradicate. There is no separate software to control the encrypted software.
- Ransomware can be controlled by installing the cyber security software to the individual PC’s.
- Clicking to the ads which are unfamiliar to the content.
- Updating antivirus software frequently to prevent the attacks.
Baiting
Baiting is the next cyber attack happening frequently. The attack will happen by bait where the user is promised with a reward after completion. Baiting can be done in two ways
- Physical
- Online
Physical devices are kept in the visible spot where a lot of people gather. The physical device may be of USB Stick or of any other storage device. By inserting the device into the computer the pop up will occur by paying the amount to access the files.
Online method of baiting is posting the ads and competition with a good design. By clicking on it, the ads pop-up will occur to pay an amount to recover the files.
Vishing
Vishing is the combination of voice and phishing. This type of cyber attacks don't use emails, phone calls, or software but only through internet calling. It is also called the voice over ip(VoIP). Cyber attacks will happen only by getting the phone call with which the bank accounts are locked.
The easiest way to be free from the vishing technique is by calling to the original proprietor and to inform them about it. The best rule is to hang up the phone and make a call to the original website.
Pretexting
Pretexting is one of the cyber attacks which is done by obtaining the private information from the individuals. The perpetrator will be asked to continue the information from us to lure out any private information. The series of lies by asking the information.
The same way to free yourself from pretexting is to avoid and verify the right person to contact.
Bait and Switch
Bait is the process of viewing untrusted websites that occur on search engines. The clicks to the unidentified ads should be avoided.
Credentials Reuse
One of the attackers steals the information in which the login of all the accounts will be logged in the computer. Same usernames and passwords should be avoided. By using the password generator software this type of cyber attacks will be controlled.
To avoid the Cryptocurrency Cyber Attacks the security features are included in our cryptocurrency exchange script.
Visit our website to know about the reliability features and contact us at [email protected].
People really want to acquire cryptocurrencies and get into it.
When we look back at the calendar for a year, we will obviously spot out the Cryptocurrency Exchange Business in a spotlight even in the COVID-19 Crisis.
At that time, Cryptocurrency Exchanges earned all time high revenue as many newbies started crowding in an Exchange Platform.
Very Recently, The Price of BTC hit 50K USD and made strong waves in the crypto Industry, Experts predicted that the price of the BTC would reach 100K USD and more in the upcoming days.
Thus, this business will not have an expiry date in this era and one must not regret starting Cryptocurrency Exchange in this crucial time.Advantages of Being a Crypto TraderBeing the Cryptocurrency Pro Trader, You know the nook and corner of the market.
Actually, you are in the Perfect View Point!That lets you build your own Cryptocurrency Exchange from the eye of Traders and that would give you nothing but success!An Experienced Cryptocurrency Trader has realistic trading experience in many cryptocurrency exchanges so that they can easily separate pros and cons of the Crypto Exchange.
Almost every investor in the world would know about the phenomenon of Bitcoin.
The backbone of cryptocurrencies being viewed as a viable investment alternative is taken care of by a robust Bitcoin trading script.
The Bitcoin exchange software is built with a powerful matching engine for bridging the gap between the crypto buyers and sellers.An experienced Cryptocurrency exchange development company can provide a variety of solutions like a P2P Crypto exchange script, a Crypto exchange clone script, a Decentralized exchange script, a Hybrid crypto exchange script, and Cryptocurrency wallets.
Eye-catching features of the Cryptocurrency Exchange Script An advanced Content management system (CMS) - The CMS shares all the latest updates about market movement and changes in the prices of cryptos to the investors.
An integrated digital wallet - A digital wallet with multi-layer security measures like end-to-end encryption and multi-factor authentication is provided to crypto investors for safe storage of their holdings.
Numerous trading options - Investors can efficiently manage their digital assets through margin trading, over-the-counter trading, derivatives trading, and peer-to-peer trading facilities.
What is DEX Script?DEX – Decentralized Exchange Script is the process of exchanging cryptocurrencies without any knowledge of intermediates, that money transfer will be done in simple manner and admin can also easily get his transaction fees.
Which is based on these main four core function for the cryptocurrency exchanges, listed belowCapital DepositsOrder BooksOrder MatchingAssets ExchangeComponents of Decentralized ExchangeThe following attributes are important to set a quality decentralized exchangeTrading and Matching Engine- This is an important component of the DEX system.
It should also contain Order Books as well as Trading Bot Engine using blockchain technology.Graphical user Interface- This is from the architectural point of view that has to be applied for varied devices like mobile, desktops, etc.Cryptocurrency Wallet Integration- A secured Wallet with two-factor Authentication and Email Login etc should be imbibed.Admin Module- As the owner of your Exchange platform you will be able to make desired changes to your platform with the Admin Module.Liquidity API- Setting up Liquidity API with the external exchange as it will prove to play a greater role in building the Best Decentralized cryptocurrency exchange Software.Advantages of Using Decentralized Exchange ScriptAdvantages On Preferring Decentralized Exchange Script is, it is the most secured system in-build with blockchain solution.
It provides in terms of privacy policy, like both public and private key sector.
If user needs to share their transaction they can prefer public or else can hide them with private key.By choosing this blockchain modules data cant be lost or hacked, it will be interconnect with every nodes.
Though there will be a fearless transaction in this DEX transaction exchange.
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We know that Crypto exchanges are immensely proving to be major hit that users are actually returning to integrate in many ways.
Also it’s one I recommend checking out if you wish to unwind key benefits but have quality strategies at the same time.
Moreover the users are actually surprised hearing Best Crypto exchanges raking in millions of dollars daily.It is learnt that the top 10 Crypto exchanges are highly generating as much $3 million in fees a day or heading for more than $1 billion per year.
Also developing crypto exchanges like them is not facile task.
Also one should keep in mind about the time involved, the sheer professionalism of your developer team wholly influences the amount of required time.It is also noted about that the qualified team needs a lot of resources for successful development.
For example developing an exchange with white label your brand takes additional resource time for deployment.
