What Is a Security Operations Center (SOC)?

Security Operation Center (SOC), a central function within an organisation, uses people, processes and technology to monitor and improve security posture of an organization while responding to cybersecurity incidents.

The SOC is the central command point or hub of telemetry, collecting data from all parts of an organization’s IT infrastructure. This includes its devices, networks, appliances and information stores. Due to the proliferation of advanced threats, it is important to collect context from multiple sources. The SOC is basically the point of correlation for all events that are logged within an organization. The SOC must determine how each event will be handled and acted on.

Security personnel and organizational structure

A security operation team (or, more often, a security center) is responsible for monitoring, investigating, responding to, and investigating cyberthreats 24 hours a day. Security operations teams are responsible for protecting intellectual property, business systems, brand integrity, and personnel data. Security operations teams are the core of an organization’s overall cybersecurity strategy. They act as the point of convergence in coordinated efforts to assess, monitor, and defend against cyberattacks.

SOCs are typically built around a hub and spoke architecture. This allows for a wide range of systems to be integrated, including vulnerability assessment solutions (GRC), application and database scanners (IPS), entity and user behavior analytics ( UEBA), endpoint discovery and remediation ( ), threat intelligence platforms (TIP).

SOC managers usually lead the group. They may include threat hunters, incident responders, SOC analysts (levels 1, 2, and 3), and incident response manager(s). The SOC reports directly to the CEO or the CIO.

SOC processes

Stage 1: Event Classification and Triage

What is the importance of this?

Log data analysis is a valuable tool that allows you to correlate and analyze log data. Key indicators of compromise include user activity, system events, firewall acceptance/denies, and firewall accept/denies. You should also be alerted to specific sequences or combinations of these events within specific patterns. This stage is crucial for success. You need to be able to quickly classify events so you can prioritize and escalate important events that require further investigation.

What do SOC Analysts do at this Stage?

The latest events with the greatest severity or criticality are reviewed by Tier 1 SOC analysts. After confirming that these events warrant further investigation, they will escalate the matter to a Tier2 Security Analyst. Please note that smaller teams may have the same analyst who investigates issues as they escalate into a more detailed investigation. Documenting all activity is key to success at this stage (e.g. notation, trouble ticket, etc).

It is crucial to identify attacker activity early in an attack before sensitive data or systems are compromised. It is more likely that attackers will succeed in their attacks as they move up the kill chain stages. You can identify which events need your attention by looking at infrastructure activity and environmental behavior from the attacker’s point of view.

Stage 2: Prioritization and Analysis

What is the importance of this?

Prioritization is key to success in all endeavors, but it is even more important in cyber security. The stakes are high, and the rate of attacks is increasing at an alarming pace that shows no signs of slowing down. The resources available to protect assets from this attack are very limited. You need to focus on the events that have the greatest impact on business operations. This requires you to know which assets are most important. The most important responsibility of the SOC team is to ensure business continuity.

What do SOC Analysts do at this Stage?

Any activity that suggests an adversary has infiltrated the environment should be reviewed and addressed. This could include the installation of a rootkit/RAT, backdoor or other means to exploit an existing vulnerability in network communications between an external host and a known bad address associated with cyber adversaries’ C2 infrastructure.

Stage 3: Recovery & Remediation

What is the importance of this?

You can prevent similar attacks from occurring by responding quickly to any incident you detect. It is important to note that there are many decisions to be made when investigating an incident. This includes whether your organization is more concerned with recovering from the damage than investigating it as a criminal offense. Your management team should be involved in your investigation. Communicate clearly and frequently with your management team. Document everything.

What do SOC Analysts do at this Stage?

Although each attack is different in terms of the correct remediation steps that should be taken on affected systems, it will usually involve one or more the following steps:

  • Re-image your systems and restore backups
  • Update or patch systems (e.g. Update apps and OS versions
  • System access can be re-configured (e.g. Account removals, password resets
  • Re-configure network access (e.g. Re-configure network access (e.g.
  • Monitor servers and assets for vulnerabilities (e.g. Enable HIDS
  • Run vulnerability scans to validate patching procedures and security controls

Some SOC teams also delegate remediation and recovery tasks to other IT groups. In such cases, the SOC analyst would open a ticket or change control request and then delegate it to system and desktop operations.

Stage 4: Audit & Assessment

What is the importance of this?

It is always best to fix vulnerabilities as soon as possible to prevent attackers from gaining access to your environment. It is best to conduct periodic vulnerability assessments, and then review the report findings. These assessments will not identify procedural vulnerabilities, but technical ones. Make sure that your team also addresses gaps in your SOC processes that could put you at risk.

What do SOC Analysts Do at this Stage?

SOC team members are most commonly responsible for running network vulnerability scans or generating compliance reports. SOC team members can also review their SOC processes and share them with external audit teams (internal or extern) in order to ensure policy compliance and to determine how to improve SOC group performance.

The SOC performs 10 key functions

1. Take stock of all available resources

The SOC is responsible to two types of assets: the various processes, applications, and devices they are charged with protecting, and the defensive tools that they have at their disposal to ensure that protection.

  • What the SOC Protects
    Devices and data that the SOC cannot see can’t be protected. There are likely to be gaps in the network security posture without visibility and control, from the device to the cloud. The SOC’s goal in gaining a comprehensive view of the threat landscape of the company includes all types of endpoints, servers, and software, as well as third-party services and traffic between them.
  • The SOC Protects
    A complete knowledge of all cybersecurity tools and workflows used within the SOC is essential for the SOC. This improves agility and allows the SOC run at its peak efficiency

2. Preparation and preventative maintenance

Even the most agile and well-equipped response systems are not able to prevent problems from happening in the first place. The SOC has two major categories of preventative measures that can be used to keep attackers away.

  • Preparation
    Keep your team informed about the latest security trends, cybercrime developments and new threats. This research can be used to help create a security roadmap for the company that will guide its cybersecurity efforts moving forward. It will also include a disaster recovery plan that will offer guidance in the worst-case scenario.
  • Preventative Maintenance
    This step covers all actions that are taken to make successful attacks more difficult. These include regularly updating and maintaining existing systems, updating firewall policies, patching vulnerabilities, and whitelisting, blocking, and securing apps.

3. Continuous Proactive Monitoring

The SOC uses tools to scan the network 24 hours a day to identify suspicious activity or anomalies. The SOC can monitor the network 24/7 to alert them of any emerging threats. This gives them the best chance of preventing or minimising harm. A SIEM, an EDR or an EDR are all possible monitoring tools. Better still, an SOAR, or an XDR can be used to use behavioral analysis to teach systems the difference between normal day-to-day operations or actual threat behavior. This reduces the amount of human triage and analysis.

4. Alert Management and Ranking

The SOC is responsible for reviewing all alerts issued by monitoring tools, discarding false positives and determining how serious any threats might be. This allows them to quickly triage any emerging threats and deal with the most pressing issues first.

5. Threat Response

These are the actions that most people associate with the SOC. The SOC is the first responder when an incident is confirmed. They perform actions such as shutting down or isolating any endpoints, stopping harmful processes from executing, deleting files and many other tasks. It is important to provide a quick response that has minimal impact on business continuity.

6. Remediation and Recovery

The SOC will restore data and systems in the wake of an incident. The SOC may need to wipe and restart endpoints, reconfigure systems, or in the case ransomware attacks deploy viable backups to avoid the ransomware. This will restore the network to its previous state if it is successful.

7. Log Management

The SOC is responsible to collect, maintain, and review the logs of all communications and network activity for the entire organization. These data can help establish a baseline of “normal” network activity and reveal threats. They can also be used to remediate and forensically investigate the incident. Many SOCs use SIEMs to combine and correlate data feeds from applications and firewalls.

8. Root Cause Investigation

The SOC is responsible for investigating the incident’s aftermath to determine what happened, when and how it occurred. The SOC uses log data, as well as other information, to track down the source of the problem. This will allow them to prevent similar incidents from happening in the future.

9. Security Improvement and Refinement

Cybercriminals constantly improve their tactics and tools. The SOC must implement continuous improvements to keep them ahead. This step will bring to life the Security Road Map’s plans, but it can also involve hands-on practice such as red-teaming or purple-teaming.

10. Compliance Management

While many of the SOC’s processes follow established best practices, some are subject to compliance requirements. Regular audits of the SOC’s systems are required to ensure compliance with regulations. These regulations may be issued by the organization, their industry or by governing bodies. These regulations include HIPAA, GDPR, and PCI DSS. These regulations can help protect sensitive data the company has been given, but it can also protect the organization from reputational damage or legal challenges that may result from a breach.

Optimizing security operations models

The SOC is primarily responsible for incident management, but the chief information security officer (CISO), is responsible to ensure compliance and risk management. An adaptive security architecture is required to bridge the operational and data silos between these functions. It allows organizations to implement optimized security operations. This approach improves efficiency by integrating, automating, and orchestrating. It also reduces labor hours and improves information security management.

A security framework is essential to optimize security operations. It makes it simple to integrate security solutions with threat intelligence into daily processes. SOC tools such as centralized and actionable dashboards integrate threat data into security monitoring dashboards. Reports are used to keep management and operations informed about any changes. SOC teams can improve their overall risk management by linking threat management to other systems that manage risk and compliance. These configurations allow for continuous visibility across domains and systems. They can also use actionable intelligence to improve accuracy and consistency in security operations. Centralized functions make it easier to share data, audit and report across the board.

A thorough assessment is essential in order to operationalize threat management. An organization must evaluate its processes and policies, in addition to its defenses. What are the strengths of your organization? What are the weaknesses? What is your risk profile? What data are you collecting and how much data are you using?

Every organization is unique, but there are certain core capabilities that every company should have and best security operations practices. A plan is the first step in a reasonable threat management process. It includes discovery (including baseline calculations to promote anomaly detection and normalization and correlation), triage (based upon risk and asset value), analysis, contextualization, scoping, and iterative investigation. Interruption response programs are fed from the prioritized and characterized incidents managed by threat management processes. It is essential to have a well-crafted response plan in place to contain a threat and minimize the damage caused by a data breach.

Figure 1.

Although there are many data sources available for effective visibility and threat management, it can be difficult to find the most useful and current information. Event data from countermeasures and IT assets, indicators or compromise (IoCs), produced internally (via malware analyses) and externally via threat intelligence feeds, and system data collected by sensors (e.g. host, network, and database). These are the most valuable data. ).

These data sources are more than just an input for threat management. They provide context and make the data valuable and actionable, allowing for more accurate, precise and quick assessment during the interactive and iterative threat management process. Organization maturity is measured by the ability to access and make effective use of the relevant data to support plans or procedures. A mature scenario is one that has a workflow that allows for direct action within the operational consoles or across products. This flows integrates IT operations with security teams and tools to provide incident response for critical events.

These assessments will help you prioritize areas where more investment or less friction is required to achieve your threat management implementation goals. Penetration tests and consultants can help to benchmark strategy, organizational maturity, and security response to attacks in order to determine the current level of an organization’s ability detect and contain malicious events. This vetted review, which compares against other enterprises, can help to justify and explain the need for cybersecurity operations resources to be redirected or invested in.

References

  • https://www.checkpoint.com/cyber-hub/threat-prevention/what-is-soc/
  • https://www.trellix.com/en-us/security-awareness/operations/what-is-soc.html
  • https://www.microfocus.com/en-us/what-is/security-operations-center
  • https://digitalguardian.com/blog/what-security-operations-center-soc

Why is a VPN security system good for you?

A virtual private network (VPN) encrypts data as it travels across the internet, making it difficult for others to access it. A virtual private network (VPN) encrypts your online traffic, including your browsing history, downloaded files, and geolocation, so that no one else can see it.

However, you’ll need a virtual private network (VPN) if you care about internet privacy. It is like a digital cloak that shields you from prying eyes and keeps you safe from harm’s way. Then, why utilize a VPN? In order to prevent eavesdropping and provide unfettered access to blocked websites, a reliable VPN for windows encrypts your internet connection. This article will explain the benefits of using a VPN security system. 

Why is a VPN security system good for you?

Is a VPN security system best for you? It is a question that everyone is asking, and the response is not complicated at all. Since VPN for Windows is an efficient solution for maintaining a VPN connection’s security and protecting data and internet browsing activities. The following are some of the most important reasons to utilize a VPN:

  • Securing Your Network

Using a VPN has numerous advantages. The ability of companies to adequately secure their network is one of the most fundamental aspects. An application or website might keep track of your internet behavior without your awareness. Ads might be targeted to you based on the information they have gathered. Much pop-up advertising may interrupt your browsing if you don’t have a VPN set up. This can be both annoying and distracting to your online experience.

If you use a VPN for windows, you can prevent others from accessing your internet connection. This ensures the security and anonymity of any data you send or receive.

  • Keep Your Personal Data Confidential

Virtual private networks (VPNs) are a great way to keep your personal information safe online. There are several ways hackers can steal your personal information when you visit a website. They can use that information to impersonate you, access your bank accounts, and more. High-level security, such as 256-bit encryption, is possible using a VPN. Anyone who can intercept your internet communications will see nothing.

  • Control of the administration

Customers complain about a slow data network if they experience it for an extended period. The administration takes responsibility for resolving complaints. Data transmission may be controlled using virtual private networks and all obstacles eliminated. Unknown users cannot view site material if this system is in place.

  • Affordability

Because of virtual private networks, many companies can now afford to utilize the internet. Access to the company’s network infrastructure and various applications is more accessible thanks to the VPN. To be successful in today’s technology world, you must protect all of your personal information from third parties.

  • Avoid Data Slowdown

Your internet service provider (ISP) may slow down your connection once you’ve spent a certain amount of your allotted data. However, because your ISP cannot see how much data you are using when you use a VPN, you’ll soon discover that one of the VPN’s advantages is the ability to bypass a data cap. In particular, employees who are required to use data plans on their mobile devices to access the internet while on the go may benefit from this.

Conclusion: Why is a VPN security system good for you?

A VPN security system is a network of remote servers that you can use to disguise your IP address and encrypt your data.

How to Unlist your Phone Number from GetContact [2022 Guide]

GetContact app allows you to define number owners and find out how a contact is signed in other users address book. In October 2021, 3 years after its launch, the application ranks second among the AppStore’s top charts in the Utility section. And this despite the fact that GetContact collects the personal data of users. In this article, we explains how to delete personal data from the GetContact database.

How to delete your number from GetContact?

As noted by the developers themselves, deleting a profile in GetContact does not remove the number from the database application. However, to protect yourself, it is recommended to deactivate the account. Here’s how to do it:

  1. Open the app and go to the “Other” menu;
  2. Select “Settings” and then “Account Setup”;
  3. Go to “Account Management”, click “Lock Account” and confirm the action.

It is noteworthy that your data will not be visible in the application until you log in to GetContact again.

To completely remove your data from the app you should do the following:

  1. Go to page of official site GetContact: https://www.getcontact.com/en/unlist ;
  2. Log in;
  3. Scroll to the end of the page that opens and click Visibility settings;
  4. To prevent your data and tags from being available to other users, switch the slider to Off;
  5. Confirm the Action.

After performing these actions, your personal data will be hidden from search and your account will be deleted.

Are Passwords Obsolete?

Increasingly, we see an organizational move away from the use of passwords, at least in the traditional sense. Companies are working to meet the changing demands of more remote and hybrid work. They need to ensure that users can access resources securely but remain productive. 

A lot of this comes from using features like single sign-on and multi-factor authentication

Both are part of a Zero Trust architecture, and along with these concepts, many are questioning whether or not passwords will become altogether obsolete. Below, we explore the topic. 

Passwords are Still Alive… for Now

The discussion about the death of the password started nearly 20 years ago at the RSA Security Conference. In 2004, passwords were described as not being able to meet the challenge of securing critical resources. At that time, it was said their extinction was inevitable. 

Here we are, all this time later, and passwords are still with us, but their death is still being discussed. 

Even though we have made tremendous advances in so many technology areas, we still rely on passwords for security. 

Last year, hackers were able to breach Colonial Pipeline Company with one single compromised password. After shutting down the largest fuel pipeline in the country, the hackers were able to walk away with $4.4 million. 

That left many once again questioning why passwords are still so often used as the only authentication factor. 

While passwords are alive, largely due to convenience, their ability to be your company’s sole source of protection is very much dead. 

That brings the world to the multi-factor authentication (MFA) era. 

Why Are Passwords Alone So Problematic?

Employees often use weak passwords or reuse them. 

Recent research finds that the word itself, password, is still being used as the most common password in all industries. Other passwords that are commonly used include Hello123 and sunshine. 

Around 20% of passwords researchers recently uncovered were either the exact company name or a small variation. 

In some industries, employees have their particular types of a weak passwords. For example, in the financial sector research, profit was a common one, and in energy, it was snowman. 

We can think back to the SolarWinds hack, which was triggered by someone using the password solarwinds123 to protect a secure server. 

Company officials say the weak password wasn’t the reason for the hack, but they were warned of a weak password by a security expert, and then took two years to change it. 

In 2019, according to Verizon’s Data Breach Investigations Report, compromised credentials were the reason for 80% of all data breaches

Phishing scams are the most common type of cyberattack directed at passwords. In a phishing scam, employees give their credentials in response to fake emails or spoofed websites. 

A cybercriminal can also use automated tools like a brute force to guess passwords. 

Cyber attackers can steal credentials through malware or from database dumps of stolen passwords or try to crack coded versions of a password that an organization stores in their system. 

It’s very difficult for anyone to remember a random, complex password. The average online user also has at least dozens of accounts online, requiring a password. There’s a very high likelihood that they’ll use the same or at least a very similar password across sites, and often both business and personal accounts. 

How Can Multi-Factor Authentication Help?

We can talk about passwords being dead or obsolete all we want, but the reality is the conversation is decades in the making, and we’re still using them. 

Rather than planning for passwords to be entirely obsolete, it’s better to consider other security measures—namely, multi-factor authentication or MFA. 

MFA adds another layer of authentication on top of a password when someone goes through the login process, significantly improving security. 

With the enabling of MFA, a hacker can’t get into a system with just a stolen password. They’ll also need another factor, like a security code that’s randomly generated and sent to your smartphone. 

The vast majority of hacking occurs remotely, so MFA can safeguard against hacking almost entirely. 

According to the Center for Internet Security, MFA is the recommended first-line approach for authentication. Second, to that recommendation is the use of password policies. 

Password Replacements

There are password replacement options, although they might not be the right fit for every organization right now. 

  • Some organizations are using passphrases rather than passwords. A passphrase is a longer mix of words, and it can add curveballs to the typical password. While passphrases are one option, you have to remember they’re still going to be incredibly weak if they’re being reused. 
  • Organizations are increasingly adopting single sign-on. With single sign-on, the end-user experience is easier because the users can rely on one username and password to access various programs and services. However, the problem here comes in when a cybercriminal gets access to all systems if they compromise the SSO itself. 
  • We talked about multi-factor authentication above, and if you talk to cybersecurity professionals, they’ll tell you how valuable it is. We briefly went into how it works, but MFA lets your users access data by providing two of three possible things. The first is something you know, which can be a password but also a PIN. Then, the second can be something you have. This is also called an ownership factor. It could be a physical item, like a smartphone. The third is something you are, also known as biometric factors. Biometric factors can include voice recognition, fingerprints, or retina scans. 
  • Passwordless authentication systems rely on two elements of MFA—something you have and something you are. There’s no password that your users have to remember or that can potentially be stolen. Many of these passwordless systems will include some public-key cryptography that will generate a unique key to log in with. 
  • PINS aren’t the same as passwords, and they can be tied to a specific physical device, so it becomes the “something you have” MFA factor. 

Finally, advanced threat detection and endpoint detection tools can also provide a way to stop a hacker, even if they’ve managed to get a username and password.

How does CIAM Protect Customer Data?

Companies are gathering more data about their consumers than ever before. With this in mind, companies are looking for ways to keep their customers’ information safe. Customer Identity and Access Management (CIAM) can help protect consumer data by allowing one username and password to be used across all the services they use, while maintaining confidentiality of passwords and other sensitive information that might be needed at login.

The right CIAM solution can help reduce the risks of customer data being compromised by hackers or lost because of system failures.

CIAM helps reduce the risk of loss of confidentiality for one’s customers, which may lead to more customers trusting your company with their business. Think about how even one security breach could affect that relationship if they are not allowed to use a single login for all their needs?

For this reason, CIAM (customer identity and access management) is becoming a critical part of cloud infrastructure.

Being easy to use and adaptable enough to work with any service, the best CIAM solutions allow your customers to login using one username and password that will then enable them to access all of their other accounts and programs.

CIAM and the GDPR

The two are not directly related, but they are both aimed at protecting your customers’ data. The GDPR is a European Union regulation that came into effect on the 25th of May, 2018, and it protects EU citizens’ personally identifiable information (PII).

The GDPR causes companies to rethink how they store customer personal data, and this is why a company’s CIAM solution should be able to provide enough security and transparency to allow them to comply with the GDPR, which can mean that changes need to be made.

Enabling Customers to Take Control of Their Data

The GDPR also gives customers more control over what information they share with companies. Customers can now easily view what information a company holds about them, and they also have the right to be forgotten. This means that companies must ensure that they protect both their own and their customers’ data by encrypting it on their own servers and any third-party vendors who might have access.

How customer data is used by businesses

This has always been a concern, and although many people may feel uncomfortable about exposing their data to businesses, it is often necessary for them to do so in order to be able to fully enjoy the services that they want.

CIAM can make customers’ lives easier by allowing them to use single sign-on (SSO) when accessing different websites and apps. It allows businesses to provide users with a convenient way to log onto different platforms using one set of login details, rather than requiring them to use the same password every time.

Customers are still in control

Even though CIAM helps make customers’ lives easier by allowing them to browse the internet more securely, it also makes sure that their personal details are kept safe by allowing them to choose exactly how much they want to share with a business.

This means that, even if a customer has signed up for an account on a service which uses CIAM, there will be no risk of their data being stolen if the business’ servers are hacked. This does not mean that they should not take care when entering their details on such sites.

The benefits of using a CIAM platform to protect customer data

On one hand, customers feel as though they are finally in control of their own data and how it is handled by businesses using CIAM platforms. This means that those companies which do not yet use CIAM will be forced to change their practices if they want to keep attracting new customers and keeping old ones.

On the other hand, those companies who already use CIAM will benefit from a boost in customer trust and security. This means that they can build a more solid relationship with their customers and be able to establish themselves as one of the most trustworthy internet entities around.

How to choose a CIAM provider that meets your needs?

A key factor to consider when looking for a CIAM provider is whether they can provide you with access to an API. APIs are how websites allow your chosen tools and applications to connect with them.

This means that if you already use another company’s proprietary software, chances are there will be an API for it so that the data can be sent to your CIAM tool. It’s important that you find a CIAM company that provides such an API as it gives you greater control over your data and how it is presented, enabling you to create the report exactly how you want it rather than having them do all the hard work for you.

How to Manage Your Bitcoin Wallet Security?

In the early days of Bitcoin, it was very easy to manage your wallet account. In fact, you didn’t even need a wallet account. You simply had some bitcoins, and that was that. Now, things are a little more complicated. Cryptocurrency, especially bitcoin, has become highly valuable and because of this, there are several types of wallet accounts you can use to store your bitcoins.

Bitcoin wallet account security is extremely important.

You don’t want to lose your money or get scammed, so it’s worth doing some research on the topic.

(Overview) Practice good security habits for your bitcoin wallet account 

To keep your bitcoin wallet safe, follow these five steps:

  1. Keep your passwords (and usernames) secure. Make sure you use unique passwords for every account that has an associated bitcoin wallet.
  2. Back up your wallets. Try to avoid using online wallets if you can, but if you do use one make sure to back it up regularly. Also, make sure your computer is secure and the antivirus software on it is up to date.
  3. If you are using an online bitcoin wallet, make sure your passwords are secure and not easily guessed.
  4. If you’re using an offline wallet, back it up regularly.
  5. And last but definitely not least: NEVER share your private keys with anyone! If you do get scammed by someone who has them, there is nothing you can do to get your bitcoins back.

For the lazy, if you follow these rules, you should be fine. For more detail on some of these, please read on.

Expert Help

Get help from an expert if you have any questions about managing your bitcoin wallet account. This is not something you should try to tackle on your own, as there are many security considerations that need to be taken into account.

Backups

Don’t forget to set up automatic backups for important files that might be lost without them!

You never know when something could happen to wipe out all of your digital content – it’s always better to be safe than sorry!

Consider using a hardware-based or paper-based backup to protect against data loss. A hardware-based backup is a great way to protect against loss or theft. Paper wallets are also an effective method of protection – they are simply pieces of paper containing your public key and a private key that is not connected to the internet.

Two-factor Authentication

Use two-factor authentication with your password and phone number whenever possible. Turn on SMS-based 2-factor authentication for added security. You can also use Google Authenticator or Authy, which generates codes even when your phone is offline.

Alerts and Notifications

Monitor your bitcoin wallet account and any other bitcoin accounts you used to send the bitcoins with at all times. Make sure someone doesn’t gain access to any of your bitcoin wallets by leaving an alert on all accounts.

Keep Records

Keep track of your transactions on a secure, encrypted platform like Blockchain Wallet (or another reputable site). This way, you can see how much money is in each of your accounts at all times and avoid overspending by accident!

Always check the bitcoin wallet address you are sending bitcoins to, as well as the amount of bitcoin that will be sent. Make sure both details match what you agreed with the recipient before completing the transaction. Also, monitor all transactions and account activity regularly.

Don’t Share Sensitive Information

Never share sensitive information such as bank details, passwords, or social security numbers online unless it’s 100% safe to do so! Your bitcoin wallet is no exception. Make sure you share all your information only when the page you are on starts with https (the “s” stands for secure).

Avoid Keeping Large Amounts of Bitcoins in One Place

You don’t want to lose everything if someone gains access to your bitcoin wallet by sending a phishing email. Avoid keeping large amounts of bitcoins in one place and only enter your bitcoin wallet address when you really need to.

It might seem like common sense, but clicking suspicious links can put your bitcoin wallet at risk. Never open an email attachment unless you know what it is. Instead, go directly to the website and look for your transaction information.

Take Away

Following these rules will put you well on your way to effectively managing your bitcoin wallet account. We all want to keep our finances safe, so use the above tips to ensure your money is secure against scammers.

Thanks for reading!