Tag

security

14 articles found for

Why am I being asked for a memorable word?

To help us to keep your Wirex account extra-safe, we’ve added another layer of security to the setup process. From Friday 30th November, the memorable word feature will be activated for all of our new and existing users globally. What is a memorable word? A memorable word is a user-generated layer of security that helps… View Article

Online Security: The fears and the facts

With almost all of our financial affairs being conducted online, there is much at stake if the infrastructure protecting our money is compromised. News articles of security breaches across all industries are posted daily, so it’s no surprise that many people feel less than confident about online security. However, there are plenty of measures in… View Article

Wallet wars: how multisig is winning the day

You’ve bought some cryptocurrency. Now what? You need a crypto wallet to store it – one that will keep your crypto easily accessible, yet safe from hacking and fraud. Your options are varied and come with their own impenetrable crypto-vernacular. For instance, do you want a hot wallet, which is online and connected (often via… View Article

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Why Wirex is not an ICO

Initial Coin Offerings (ICOs) have received a lot of press but not always for the best reasons. Experts estimate that over 80% of ICOs have fraudulent intentions. Unfortunately many people tend to associate any company that works in the crypto space with ICOs, and this may have a negative effect on the entire industry. So,… View Article

Why 2FA security is vital for your Wirex account

We use passwords to access everything – social media accounts, emails, online banking. Not only can it be difficult to keep track of them all, it’s also difficult to create something that’s both memorable and complex. That’s why we recommend Two-Factor Authentication (2FA) as an extra layer of security. How will 2FA protect you? 2FA… View Article

Secret Mining Society – are your devices being cryptojacked?

Cybercrime takes a near-infinite number of forms. As technology advances, criminals develop novel and ingenious ways to exploit vulnerabilities. Wirex Staff Writer Gemma Doswell takes a closer look at the insidious art of ‘Cryptojacking’. A brief history of hacking Hacking first emerged as a malicious term in the 1970s, when early hackers (known as ‘phreakers’,… View Article

Wirex earns FCA e-money licence

There is some big news at Wirex. We are more than proud to announce that we were granted a UK Financial Conduct Authority e-money licence on the 21st of August! Wirex Limited is only the third crypto-friendly company in the world to have been granted this licence. The FCA was formed to protect consumers, enhance… View Article

Wirex April Roundup

For those of you who keep up with the daily happenings of Wirex, you’ll already know that April was a big month for us. We have been constantly updating the app, continuing to add features to help you better navigate the multi-crypto and traditional finance worlds from our (very) clever platform. For those of you… View Article

How can you tell if Wirex is for real?

The crypto space can seem like a wild west of unregulated and unlicensed companies, scammers, hucksters and other opportunists. As Bitcoin is still relatively new, there are a lot of widespread misunderstandings. Many people see it as a get rich scheme, without considering the underlying technology or purpose. Scammers exploit this confusion, giving the entire… View Article