According to Cointelegraph, the FBI has linked a number of high-profile hacks to the Lazarus operation, a North Korean state-sponsored hacker operation that has grown to pose a serious threat to cryptocurrency investors. The following three actions can be taken by cryptocurrency investors to safeguard their portfolios:
1. Use hardware wallets to store cryptocurrency for a long time since they add an extra degree of security by keeping private keys offline and out of reach of hackers.
2. Enable two-factor authentication (2FA), which adds an extra layer of account security by requesting a one-time code from an app like Google Authenticator, on all cryptocurrency exchange and wallet accounts.
3. Be careful when clicking links in emails and social media posts because con artists frequently use alluring offers or incentives as bait. To reduce risk, build distinct “burner” wallets or accounts for testing out new decentralized applications or taking part in airdrops.
By adhering to these recommendations, investors can considerably increase the security of their money and lessen their susceptibility to online attacks by the Lazarus Group or other nefarious parties.
