Moving to a world of mobile payments, digital currencies, and online storage of wealth, can put anyone on a path to financial ruin if they don’t take adequate security measures. The rapid growth in cryptocurrencies like Bitcoin has resulted in an explosion of cybercrime, which in turn is bringing attention to the inadequate computer and smart phone security practices of many people. From passwords that sound like a child learning to count, to sharing personal information with anyone and everyone, computer and online security measures from 1997 aren’t going to cut it in 2018. Everyone needs a basic understanding of computer threats and how to protect themselves. This is one instance where a healthy dose of paranoia is a good thing – everyone really is out to get you… for your data.

Cryptocurrency comes with additional security risks, some of which can be reduced or eliminated when common sense prevention measures are taken. The risks are everywhere: downloading wallets of new cryptocurrencies and ICOs that contain malware, computers getting highjacked for mining, wallet theft, exchanges getting hacked (or your account only), crypto apps have security vulnerabilities, and more. While you can’t control which exchange gets hacked, you can do a lot to limit your losses in other areas. At the very least, these 5 basic steps are a good place to start:

  1. Update your antivirus software
  2. Change and strengthen passwords
  3. Change your email address if you are getting unsolicited email
  4. Know what phishing emails and other security threats look like
  5. Be careful what you download!
DNotesEDU
The DNotesEDU platform provides everyone with FREE access to reliable, easy to understand educational material on cryptocurrency. It addresses many of the issues that have stood in the way of the general public understanding and trusting cryptocurrency. Stumbling blocks such as a lack of technical knowledge or financial literacy have been addressed by providing an engaging variety of entry level videos, guides, and other material on both cryptocurrency and personal finance. The strategic use of modules and sub-modules breaks down the learning experience into easily digestible segments, and also starts connecting the dots to show how integrated all aspects of cryptocurrency and the financial world will become. This module type format also allows anyone at any level of competence to navigate easily between topics of interest. An index at the bottom of each page will take you to material covering a particular concept or term.
For beginners that are having trouble understanding what cryptocurrency is – If Cryptocurrency Confuses You… Start Here
Learn how to reduce some of the risks of investing in cryptocurrency –  Cryptocurrency & ICO Screening Guide for Investors
Learn more about investment risk –  Investment Allocation by Risk Level