Although hardware wallets are considered the gold standard in cryptocurrency cold storage, they are only truly secure when used correctly, and must not have passed through a third-party before reaching your hands.
Unfortunately, one of the most common methods to compromise the security of a hardware wallet is through what is known as a ‘man in the middle’ attack. In essence, this essentially means that what would otherwise be a perfectly secure hardware wallet is first intercepted or modified somewhere along the supply chain before reaching its intended owner.
When intercepted, the attacker would apply an exploit, or otherwise subvert the security of the device in a variety of ways — many of which prey on customer’s lack of awareness regarding proper security protocols.
If you have just got our hands on a Ledger Nano S, we recommend performing the following checks before trusting it with your funds. Click here to know more about #portfolio.
Unfortunately, one of the most common methods to compromise the security of a hardware wallet is through what is known as a ‘man in the middle’ attack. In essence, this essentially means that what would otherwise be a perfectly secure hardware wallet is first intercepted or modified somewhere along the supply chain before reaching its intended owner.
When intercepted, the attacker would apply an exploit, or otherwise subvert the security of the device in a variety of ways — many of which prey on customer’s lack of awareness regarding proper security protocols.
If you have just got our hands on a Ledger Nano S, we recommend performing the following checks before trusting it with your funds. Click here to know more about #portfolio.
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