Tag: Backup

Always Back up Your Bitcoin Wallet’s Recovery Seed

Storing cryptocurrencies in a safe and secure manner is a lot harder than it may seem to most people. While using a hardware wallet is a good first step, it is only part of the story. Most wallets will employ a passphrase or seed to let users recover their funds in the future. Failing to store a backup of this vital information is perhaps the biggest problem for a lot of novice cryptocurrency users …
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Bitcoin User Loses US$50,000 as Wallet and Backups Get Destroyed in Fire

Safely storing your bitcoins or other cryptocurrencies is a lot more difficult than you might assume. Keeping funds in a wallet of which only you control the private key is just one step along the way. Users also should make a proper wallet backup and keep it safe from harm. One Reddit user recently lost his hard drive wallet as well as both backups due to a fire. A lot can be learned …
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PSA: Data Rot

A lot of people are looking for ways to keep their cryptocurrency balance safe and secure at all times. That is much easier said than done. Even hardware wallets and USB storage solutions are subject to data rot. Having a backup of any wallet is incredibly important for anyone who takes cryptocurrency seriously. Relying on one solution to keep funds safe is not the smartest idea. Data Rot is a Real …
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New Survey Shows 38% of Ransomware Victims Complete the Payment

Even though there have been plenty of stories about ransomware and how victims should never pay the ransom in the first place, it remains a very lucrative business. Close to 40% of victims will effectively pay the ransom as soon as their computer is infected with malware. These payments usually range between US$100 and US$500 on average, although higher amounts have been paid as well. Paying Ransomware Is Never The Answer …
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