BEST OF THE WEB

Hackers Steal $655k After Picking MetaMask Seed From iCloud Backup

MetaMask has warned Apple iOS users not to store the seeds of cryptocurrency wallets in Apple’s iCloud when the app data backup is active.

A seed is a secret recovery phrase that consists of 12 words that protect access to the contents of your wallet.

Storing the wallet seed in iCloud means a user’s digital assets are at risk once their Apple account is compromised.

To prevent access to digital assets once an Apple account is compromised, users are advised to exclude MetaMask from iCloud backups by going to Settings > Profile > iCloud > Manage Storage > Backups.

Users should not reveal their two-factor authentication code to anyone as officials would never ask for it.

It is equally important that crypto users keep their assets securely in a cold wallet if they are not actively trading them instead of the MetaMask hot wallet.

The warning from MetaMask came after a MetaMask user lost more than $650k to hackers in a phishing attack.

IT World Canada Staff
IT World Canada Staffhttp://www.itworldcanada.com/
The online resource for Canadian Information Technology professionals.

Would you recommend this article?

0
0

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web