3 min readJun 19, 2024

Cybersecurity Asset Management: What You Need To Know

Recently, security incidents in the crypto market have become frequent. As technology advances rapidly and the on-chain ecosystem flourishes, hackers’ attack methods also evolve constantly. Security is the most fundamental and crucial need for crypto users. Understanding how to protect assets in the crypto market is a lesson every participant needs to learn.

This article will show users the common security attack methods, helping you recognize potential security risks in daily life and prepare in advance.

Common Security Attack Types

Phishing Attacks

Phishing attacks are the most common form of cybercrime. Attackers usually disguise themselves as official personnel, exploiting human weaknesses to deceive users into performing dangerous actions and stealing sensitive information.

Common phishing attack points include:

Fake Websites: Attackers might create a fake website with the same elements as the original one, luring users with high rebates and stealing their assets and information.
Phishing Links and Attachments: Attackers might send emails or text messages from seemingly trustworthy sources containing malicious links. Once users click these links or download attachments, malware is planted in your device, leading to remote intrusion.
Social Media Phishing: On social media, attackers might create fake accounts or hijack crypto-related Twitter or Discord accounts to post fake promotions or airdrop information, conducting phishing attacks.
Malicious Smart Contracts: Attackers release seemingly attractive smart contracts or DeFi projects, tricking users into granting access permissions, and thereby stealing funds.
Impersonating Official Personnel: Attackers might pretend to be the official tech support or customer service, contacting users via phone or email to induce them to provide remote access or disclose sensitive information.

Man-in-the-Middle (MITM) Attacks

An MITM attack involves an attacker intercepting and tampering with data transmission between two parties.

Common MITM attack methods include:

Unsecured websites: Attackers can easily tamper with the data transmission of users using unsecured networks. The attacker can control the communication flow and send and receive all messages. While the attacker is intercepting the data, he can manipulate it to gain personal information from both parties.
Unsecured Public Wi-Fi: When using public free Wi-Fi, users’ data transmission is more susceptible to interception. Attackers might set up malicious public Wi-Fi hotspots, waiting for users to connect, and then monitor and steal sensitive information.

Software and Hardware Vulnerabilities

Attackers can use remote access vulnerabilities to deliver malware to target systems. If certain plugins or applications have undiscovered vulnerabilities, attackers can tamper with the software or update packages through these loopholes. When users download and install this software, their devices might be implanted with backdoor programs or other types of malicious code, allowing attackers to get control or steal sensitive information.

How to prevent Cyber Attack

Two-Factor Authentication is Important

Two-factor authentication (2FA) adds an extra layer of security to user accounts. It is recommended to enable 2FA: bind the Google Authenticator app and disable the cloud backup function of the app. This makes it more difficult to leak your personal information and enhances account security.

Password Protection is Essential

Protecting account passwords is crucial. Users can protect their passwords by following tips:

Avoid using the same username and password.
Set strong passwords (at least 8 characters, including uppercase, lowercase, numbers, and special characters) and change them regularly.
Do not open unfamiliar or suspicious URLs, and never enter passwords in emails or links on suspicious websites.
Avoid saving passwords in browsers to prevent attackers from obtaining them through security attacks.
Never share your password with others. Matrixport will never ask for your password or other sensitive information (such as bank account details, SMS verification codes, birth information, or personal identification information) via email or phone call.

Secure Access

Be cautious when using public Wi-Fi, even if it requires a password. If you have to use a public computer, ensure you:

Cover the screen when entering your password.
Log out of accounts immediately after use.
Clear saved passwords, cookies, and caches from the browser.

Regular Maintenance

Regularly update the operating system and browser security patches.
Regularly clear caches and avoid downloading random plugins.
Run antivirus software regularly to scan and remove viruses and malicious programs, and keep the antivirus database up-to-date. If any suspicious programs are found, it is recommended to remove them immediately.

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