Friday 13 June 2014

Are You Losing Your Bitcoins?

Friday 13 June 2014 - by Unknown 0

 

Are You Losing Your Bitcoins?

Bitcoin is a payment system on the Internet and also it is an electronic way of exchanging foreign currency, which recently emerged as an open-source software. It is a cryptography of money transactions which includes creating, transferring and supporting all its control on the Internet. In this process the participant checks and saves payments in exchange of transaction carried through the software's on computers and mobiles. This process is also carried on the exchange of services, products and other currencies.

With the consistency of Bitcoins, a new issue arose about its security. Users of Mac who needs Bitcoins for their transactions have no idea that they are at threat of losing their money if they are not careful while installing the app which has a harmful programming code. "OSX/CT" application is a Trojan virus similar to a Bitcoin application "StealthBit". This seatbelt is operated by Mac users for their transactions. One can get confused while downloading the Trojan which looks exactly like Bitcoin
This StealthBit application was first published on "GitHub". A developer who has created this Trojan have used the source code from the StealthBit application which was uploaded to the Github. Once you install this model of StealthBit virus, it automatically installs the extensions of the browser into your browser. These destructive add-ons on browser have then taken login information from you about Bitcoins including Blockchain.com, MtGox and BTC-e. When your login information received by extensions, it sends your login information to the hacker and you start losing your bucks without getting noticed
A case about the stealing of Bitcoins also came up, when a person installed this app from Github and he lost his 20 Bitcoins which had value of $ 13,480. So Mac users beware! If you are using the Bitcoins app for your transactions and you use Chrome as your browser, you must check for your extensions of browsers and also "Pop-up Blocker" or even anything at all from it. After that. Clear all of them instantly.

As said " Coin has two sides", same applies to Bitcoins, on one side web development have created a good app for transaction of money and on the other side it has also given rise to cybercrime by creating malware of it. Web development and programming used in the best way can benefit lot not only in terms of programming, but also in the way you are thinking and creating a business for goodwill of others.
My name is Mayur, I like to learn about new technology about apps developed or latest news about them and also programming about apps.

Article Source: http://EzineArticles.com/8317229

 

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