Tag

security

17 articles found for

Wirex Security Update – 18.01.19

Transparency is one of our core values. Following the issues faced by some of our users over the weekend, we want to ensure that our customers understand exactly what happened and why. We know that many of you have been severely inconvenienced and we apologise wholeheartedly to all who were affected. The integrity of our… View Article

The case for Stablecoins

Cryptocurrencies pegged to a stable asset (often a traditional currency), are known as stablecoins. These are considered “the holy grail of crypto” by some enthusiasts; however, the most common use case for stablecoins is as a liquidity tool for cryptocurrency exchanges. Many exchanges are denied access to traditional banking because banks are often wary of… View Article

Dox marks the spot – security in the age of social media

It may come as a surprise, but social media has been a part of our world for almost 25 years now. It has evolved from basic online networking provided by the likes of SixDegrees.com, to today’s Snapchat, Twitter, Facebook and Instagram-filled world, showcasing the minutia of our day-to-day lives. While these platforms connect us like… View Article

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