Do You Bitcoin? - FOX10 News | WALA

Do You Bitcoin?

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Yahoo Tech -

Bitcoin is on fire!  The cryptocurrency has jumped thousands of dollars in value in the past few weeks, and everyone seems to want to get a piece of that sweet, sweet pie including, cybercriminals. 

According to CoinDesk, one Bitcoin was worth about $16,200 on Wednesday.

Bitcoin isn't exactly new. Its popularity might be spiking now along with its value, but the cryptocurrency has been around since 2009.  But according to an article on Yahoo Tec, one cyber security expert states that there's a bit of a gold rush approach, and that has criminals kind of cashing in. 

From stealing usernames and passwords to installing malware on users' computers, cybercriminals are working to get their hands on cryptocurrency in any way they can.  To do that they'll hijack your computer to make money for themselves.

One of the more popular types of bitcoin-related cybercrime involves using key-loggers, programs that can see what you type on your keyboard, to steal users' login information for their bitcoin wallets.

Victims accidentally download such key-loggers via infected email attachments, which install themselves on their computers.  Experts say from that point they would just monitor for any bitcoin transaction or any bitcoin wallets that you have, and try to steal the passwords.  Don't let it happen to you.

The chair of the Federal Reserve isn't buying into the hype.  Janet Yellen called Bitcoin a "highly speculative asset."  She then said, she thinks it's important for the fed to understand what she called "emerging risks to financial stability."

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