El Salvador Sees Rise In Identity Theft As Scammers Steal Personal Data To Ge...
El Salvador’s bitcoin roll-out has had its up and downs since the country officially made it legal tender on September 7th. In the past month, residents have posted both the good and bad of bitcoin adoption. It has been chiefly favorable as citizens settle into their new standard of having a cryptocurrency as a legal […]
Related News
Bitcoin scammers took advantage of the drama around the leak of popular videogame series Grand Theft Auto (GTA). The game is currently under development in its sixth installment by legendary studio Rockstar, but a bad actor was able to infiltrate their network and steal critical data on the project. Related Reading: Colorado Is The First […]
A new protocol called “BitID” promises to streamline identity verification for online services while protecting privacy – with tokens on the Bitcoin blockchain. Replacing User-Unfriendly ID Systems. BitID is now concluding a successful testing period, and should be ready for other services to use in the near future. Although credit cards and e-commerce....
Developing self-sovereign identity should be a leading priority for every company, legislator and investor engaged in the security industry. To navigate well in a digital world, we must be able to easily and securely establish our digital identity. Traditionally, a username, password and some trivial arcana like our first pet’s name have been key pieces of information held by institutions to establish our digital identity. Unfortunately, this system has come at a high cost.Trusting third parties to securely hold our personal data is a risky — and often losing — proposition. The number of....
Using cash or checks more often is another great way to avoid the majority of identity theft threats, although any paper trail is still a line of breadcrumbs waiting to be used maliciously. Bitcoin is often referred to as a way to avoid taxes and conduct illegal activity online. However, a recent report by Harris Poll on behalf of the American Institute of CPA shows that 10% of respondents use Bitcoin to avoid identity theft during tax time. It only happens once a year, but tax time is a stressful period for all parties involved. Not only is there a lot of paperwork to fill in and verify,....
Scammers are now mailing hacked ledger devices to Ledger users in a bid to steal crypto from unsuspecting users. An alarmed user made a post on Reddit that they had gotten a Ledger device that they hadn’t purchased. In the package was a poorly worded letter riddled with grammatical errors that explained that due to […]