How Secured Are You when you give out personal information online

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About Us
iZOOlogic is an internet company dedicated to
providing niche brand protection and phishing
solutions. iZOOlogic Provides Fraud Prevention,
Anti-Phishing Solutions, Malware Protection amp
Brand Protection Solutions to protect electronic
channels from cybercrime.
www.izoologic.com
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Read Crypto Exchange Security
Crypto Exchange Security How Secured Are You?
How much do you trust the sites you give out
personal information online? Does it have the
same trust when you fill out information whenever
you open a bank account? Where and how do you
place your trust?
www.izoologic.com
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Read Crypto Exchange Security
People may trust differently depending on what
they experience and what they hear. Some doubts
the government and would rather trust unknown and
unverified sources. Some would trust a shady
writer than a legitimate media outlet. This is
the trend nowadays in the era of social network
and information. However none conformity comes
with a risk, these people who would trust new
systems and sources have they ever considered
their own safety and the facts that come with it?
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With the current trend and boom of technology.
The cryptocurrency revolutionized the digital
world by becoming an alternative for e-payments
and to no surprise trade, and investment. But at
what cost?People have to sign up to Crypto
Exchanges where they have to provide personal
information and proof of personal information
such as ID cards and selfies as part of the
verification process. Lets give the benefit of
the doubt that it is not a phishing attack. But
how sure are you that your data is protected the
same way it was meant to be protected? Lately it
has been known that there was a cryptocurrency
platform which leaked confidential information of
25000 users that was publicly accessible to
anyone with an internet connection. The reason
for this was an unsecured MongoDB database. Bezop
which is the affected platform claims that it was
a cyberattack through DDOS which led to the
exposure of user data. However the security firm
Kromtech Securities have a different say about
the incident.
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Regardless of what caused the leak an exposed
MongoDB is good news for cybercriminals, because
they can control and takeover these unprotected
databases for ransom. This security flaw can have
a critical impact on the affected users as their
personal information is exposed which can be used
for spear-phishing attacks, identity theft, and
directly drain the affected accounts of its
stored cryptocurrency wallet. Lets be clear on
some concepts on security. With regards to the
movement of cryptocurrency through blockchain
technology, the identity of the account is
protected within the Exchange, However the
security of the account relies on how the
Exchange protects the accounts through security
measures. Changing your password frequently may
help protect your account, but it wont be much
of help the instance a database gets exposed
where your sensitive information is stored will
be exposed by cybercriminals.
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Contact Us
14 Hanover Street, W1S 1YH City of Westminster,
London UNITED KINGDOM
44 20 3734 2726
info_at_izoologic.com
www.izoologic.com