BlockchainTechnology

Why Do Hackers Hack ?

 

Why Do Hackers Hack

 

I am sure you guessed this. One of the most common reasons for hackers to hack is to steal or leak information.

This could be data and information about your customers, your internal employees or even private data specific to your business.

These are cases where hackers typically go after big targets to get the most attention.

Some of the biggest examples are the Ashley Madison hack or the Starbucks app hack. In the Ashley Madison hack, hackers were able to break into the customer database and get access to all the information including many private pictures of popular celebrities. This incident was a big shakeup in the Internet world which also affected the private lives of many people.

A lot of times, hackers also steal information to assume your identity and then use it for something else like transferring money, taking a loan, etc. Such incidents have increased after Internet banking and mobile banking have started to become more popular. With the growth of smartphones and mobile devices, the potential for monetary gain through hacking has also increased.

Many big businesses have fallen prey to this – Sony, Target, Yahoo, Equifax, eBay, HomeDepot, Adobe, to just name a few.

Even though there has been a lot of media attention about all the above companies being hacked, most businesses still believe this won’t happen to them.

By not being proactive about security, you are only putting your data at risk.

 

One of the worst messages anyone can see on their computer is a sudden screen take-over telling them all their data is encrypted and asking for a payment to unlock it.

Ransomware is huge! After a slight decrease in activity in 2017, ransom-asking programs have come roaring back.

Billions of dollars in productivity are being lost and billions in ransom are being paid.

Small businesses, large businesses, hospitals, police stations, and entire cities are being brought to a halt by ransomware.

About 50% of the victims pay the ransom, ensuring that it isn’t going away anytime soon.

 

Disrupt Services!!

Hackers just love to take something down.

And then also leave a statement on the website – more on that later.

But hackers have successfully taken down many services by creating bots that overwhelm a server with traffic, thus, leading to a crash.

It is known as a DoS (Denial of Service) attack and can put a company’s website out of service for a while.

These days, there’s also DDoS or Distributed Denial of Service attacks that use multiple infected systems to take down a single major system leading to a denial of service.

There are other ways also, like infecting a large network with malicious software inserted onto one computer either through email or otherwise which leads to a chain reaction affecting the whole network.

Server disruption attacks usually have their motive. Mainly, it is to render a service or website useless. Sometimes it can also be to make a point.

Businesses often tend to give it away rather easily because they think they will not be hacked. Some of them also have a reactive nature where they’d only do something once a situation arises.

The fact is that hacks happen all the time. They’ve been happening for years and they’ve only increased with time. It happens to businesses and users, all shapes and sizes.

In the computer world, some good guys create networks that help us communicate, work with others and get the information.

and then there are those not-so-good guys and girls who, for a variety of reasons, like to use their computers to worm their way into those networks and cause trouble.

 

They’re called hackers, and they’ll routinely do things like:

  • Steal secrets.
  • Obtain passwords.
  • Get credit card information.
  • Create so much traffic that a website has to shut down.

Hackers are ALWAYS at work, either trying to steal information for their gain or disrupt business as usual. You hear a lot of about hackers on the news now and then, but just what are they doing?

 

Can cryptocurrency be hacked?

Investors all over the world are swarming to buy Bitcoin, prompting some governments to step in with severe regulations.

The success of bitcoin fueled the rise of legions of followers, including hundreds of new cryptocurrency launches and a wave of startups predicated on blockchain technology.

 

 

KEY TAKEAWAYS

Bitcoin is a decentralized digital currency that uses cryptography to secure transactions.

Bitcoin transactions are recorded in a digital ledger called a blockchain.

Blockchain technology and users’ constant review of the system have made it difficult to hack bitcoins.

Hackers can steal bitcoins by gaining access to bitcoin owners’ digital wallets.

Bitcoin was launched in 2009 as a decentralized digital currency, meaning that it would not be overseen or regulated by any one administrator, like a government or bank.

Peer-to-peer transactions have fueled the rise of the digital currency world, and bitcoin has been at the forefront throughout.

The blockchain is a public ledger used to verify and record these transactions.

Bitcoins are held in wallets and traded through digital currency exchanges like Coinbase. There are various security risks inherent in each of these two components.

Developers are always improving wallet security.

 

 

ARANCO
ARANCO GROUP
If you want to trade with simple and accurate tools, please be in touch with us

Reach to your goals with  ARANCO

 

 

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