The widespread adoption of Web 3.0 globally has introduced new threats to digital security. Cisco Talos, a global threat intelligence agency, has explored the growing risks in this domain and has provided four key tips to help keep users safe on Web 3.0:
Strong security applications
Often, the simplest suggestions prove to be the most effective. Users can enhance their security significantly by opting for strong passwords and implementing Multi-Factor Authentication. For organizations, segmenting networks and monitoring network activity is crucial in identifying and addressing issues before they escalate.
Vigilance is required when inspecting internet addresses, ENS domains, and crypto wallet addresses for cleverly disguised misspellings, as these can be indicators of fake websites. Equally important is the advice for users to refrain from clicking on links sent to them inadvertently via social media or email.
Always keep the seed phrase
Users should safeguard their seed phrases, often presented as basic phrase IDs and sometimes in the form of QR codes, and refrain from sharing them with anyone. This becomes increasingly crucial as crypto wallets play a more significant role in identifying and personalizing metaverse content. The loss of a seed phrase implies the user losing control over their identity and personal digital presence.
Hardware wallet
The most robust security systems incorporate multiple layers of protection. Employing a hardware wallet adds an additional layer of security to cryptocurrency or NFT ownership. In this scenario, users must connect a device, input a pin code, and approve or reject transactions associated with the wallet address.
Be careful when buying NFT
As the acquisition and utilization of NFTs gain increasing popularity, users should proactively search for the smart contract address and verify if the source code has been released to ensure the security of their investments. An unpublished source code serves as a warning sign, prompting users to exercise caution. To make informed investment decisions, users should seek information about the developers behind the NFT project.
Investors may be swayed by anonymous developers, so it’s crucial to ensure payments are directed to the legitimate project on the correct blockchain to avoid falling victim to scams. When connecting to a cryptocurrency wallet for NFT transactions, users are advised to use a newly created wallet address with sufficient funds to cover the purchase cost. This approach safeguards users from potential losses in the event of adverse situations, ensuring the preservation of the contents of the original cryptocurrency wallet.
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