The SEC chair issued a warning to Bitcoin investors on deals that may be "too good to be true." Scott Schober, President & CEO of cybersecurity firm BVS, joins Cheddar to discuss how hackable the cryptocurrency space is and what investors need to watch out for.
Schober says blockchain is pretty secure, but it's the ecosystem that is vulnerable. The main reason hackers are drawn to the cryptocurrency is the fact there is no regulation. People can remain anonymous on the platform and hacks can't be easily traced. He believes as soon as Bitcoin starts crashing, the hackers will run.
So if you've invested in the digital asset and are worried about hackers, what can you do to protect your money? Keep it on a personal USB drive, use 2-factor authentication, and use encrypted private keys.
Meta is warning that cybercriminals are tricking people into downloading programs that can steal valuable information on fake ChatGPT offers. Cheddar News explains how Meta has observed hundreds of malicious links on its platform.
Authorities in the U.S. and Europe arrested nearly 300 people, confiscated over $53 million, and seized a dark web marketplace as part of an international crackdown on drug trafficking that officials say was the largest operation of its kind.
