welcome to another great episode of
Crypto Jargon – the series where I break
down the complex terms that we use in
reference to blockchain technology and
cryptocurrencies. In this episode:
What all of these have in
common is that they’re all forms of
cyber attacks: hacking in one way or
another. I’ll explain stay tuned.
This episode is sponsored by Ledger – the maker of the best Hardware wallets on the market.
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coins in a robust, cold storage and truly
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let’s get started with BFA which stands
for brute-force attack – this is an attack
where someone tries to find a code, key
or password by using trial and error
methods for instance if a password is a
four-digit code, a brute-force attack in
simple terms would be to try 0000
then 0001, 0002, 0003
and so on, but of course
brute-force attacks are carried out by
automated software so they don’t
actually take as much effort as you
would need if handled manually and they
can be very dangerous and quite
successful, especially with weak
speaking of passwords a word of advice:
many crypto related websites are now
allowing you to have a space between the
words in your password and also special
characters, so make sure that you use
this to make your password more complex
and never use the same password for two
or more websites.
Moving on to Keylogger : this is a tool
designed to capture all keystrokes of a
computer either through a software
program or through a hardware device.
Often it is used to hack into accounts
by recording passwords.
This keyboard recording activity is also
referred to as keylogging or keystroke logging
Next one on my list is Phishing
this is a type of attack in which a
malicious website (company or an
individual) presents themselves as
trustworthy, in an attempt to fool the
victim into giving up personal
information, such as login details, as
well as credit card details, bank details
and many others. This is one of the most
widespread and common cyber attack
techniques and usually it comes in the
form of an email supposedly by a
respected company with a request or a
warning about a purchase on your
account or some other form of alert for
you to open a link and check your
account activity. Well, that link is most
certainly a fraudulent one and if you
get fooled into clicking on it, you will most
certainly compromise your login details
and much more. We’ve all seen those
emails about Amazon giftcard purchase
or iTunes purchase or sometimes PayPal and
many other popular services that are
being imitated in these phishing emails
simply because these are services used
by the majority of us online.
Always check the sender of the email in
case you get tempted to even read these
emails. I usually ignore them, but every
now and then I would open one of these
and I will see that even though the
sender at first glance seems to be Apple
or Amazon or whatever else you have
there, this is not the real sender.
It is just how the email is being masked to
fool me into opening it in the first
place, but as I scroll over the actual
sender I can see that it’s not a real
company email address.
next is Trojan
This is a type of malware that is often
disguised as legitimate software.
Trojans can be employed by cyber thieves and hackers to gain access to users’ systems.
They are typically tricked into loading
and executing trojans on their systems so
once activated they can enable cyber
criminals to spy on you, steal your
sensitive data and gain backdoor access
to your system. These actions can include
deleting data, blocking, modifying
or copying data and all kinds
of disrupting the performance of a
okay moving on to DDoS
which stands for distributed denial of service.
it aims to crash servers and make websites
temporarily disappear until the
attack can be traced and halted.
a DDoS attack begins when the attacker rounds up hundreds of zombie computers
this is achieved by downloading Trojans and
viruses onto remote computers without
the owner knowing.
Once the zombie
network is in place the attacker targets
one website, email server or network
and direct all of the zombie computers
to flood the victim with tasks or requests,
which crushes their system.
several cryptocurrency exchanges have been the
targets of DDoS attacks which are often
politically or personally motivated.
In order to avoid such an infestation,
computer owners should download
up-to-date security software that
searches their systems for malware and spyware. Malware by the way, is just a
common term for any kind of malicious
And lastly Cryptojacking
became a thing back in 2017 and
throughout 2018 it spread out to all
kinds of devices even mobile phones and
This is a term – a combination of 2
other terms : crypto mining and
hijacking and is the process of remotely
using or hacking into someone else’s
computer without their knowledge or
permission in order to mine
Monero was the often cryptocurrency of choice
and The Pirate Bay
was the one of the first well-known
websites that began using this method in
order to bring in additional revenue
aside from the numerous pop-ups and
Cryptojacking is quite dangerous
for your device because it
drains the battery or generally reduces
the performance of your device: computer, mobile device, tablet.. whatever you have.
I actually dedicated a separate video to
cryptojacking where I’m explaining it in
more detail, so check out the description
box where I will have the link for that one.
Enjoying this content?
Why not grab a copy of my book
Crypto Jargon A-to-Z
The most thorough dictionary that exists
to date, with over 700 definitions of
acronyms, trading slang and all the
crypto terminology you need.
just go to OJJORDAN.COM/CRYPTOJARGON
and grab your digital copy today and one
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