In the design of security systems, it is always important to consider the human factor that impinges on the system in various ways. First, a person positively interacts with the system in the performance of his job. Second, a person negatively interacts with the system when he commits errors or misuses the system. Third, a person can maliciously attack the system or help someone outside the organization. Security system designers must always take into account human interaction with the system otherwise it can result into loss of productivity, user and system failure or the system can be compromised.
IBM’s 2015 Cyber Security Intelligence Index has reported that at least 95% of breaches in cyber security started from human error. On the other hand, a 2016 report revealed at 60% of attacks was carried out by insiders or people who acted deliberately or helped someone outside of the organization.
Another problem faced by organizations is phishing attacks. Companies have suffered from serious loses due to phishing, one of the many types of attacks that rely on human factor. One of the more notorious phishing attacks was made on bitcoin trader Bitstamp that lost 18,866 bitcoins worth £3.6 million in December 2014. According to the incident report, senior members of the management team have been socially engineered until the attacker was able to compromise a laptop and gain privileged access to the servers where the bitcoin wallets were located.
Other popular ways to profit from online crime is through credit card fraud and identity theft. Attackers target thousands of consumers daily even for a modest amount; however, the profits can add up very quickly. Attacks on organizations have also grown exponentially; the consequence of having poor online security. If they don’t clean the system or if a backdoor is left open, it would be relatively easy for the attackers to compromise the system.
In Bitcoin mining, users rely on special software to solve math problems so that they will earn a number of bitcoins. The user also needs a bitcoin wallet to receive payments instantly and to make payments to merchants. Make sure the bitcoin wallet offers a high level of security and privacy for the safety of your investment.