Hackers Will Do Anything To Steal My Digital Currency

Hackers Will Do Anything To Steal My Digital Currency

Mark Herpel, September 14, 2007

Have you ever received an email which seemed like it was from e-gold Ltd., Bank of America or PayPal….but it was sent from a hacker phishing for your info?

It would have read like this, “….we are making changes to our security, or there has been unauthorized activity on your account….you need to sign on and validate your PW, click here“. Does that seem familiar.

Or the other nice looking ‘official’ web site asking you to log in at www.e-golg.com or www.e-gold5.com ‘click here‘. I get them almost everyday for e-gold, PayPal, NatWest, Bank of America and many more.

Different from online banking, digital gold currency and some other digital currencies like Liberty Reserve http://www.libertyreserve.com/ and e-bullion’s e-currency http://www.e-bullion.com/ are built around the strict rule of non-reversible transactions. Consequently, if your digital currency account gets raided by hackers and instantly cleaned out….you are out of luck in getting a refund!

Digital currency offers, no chargebacks and no chance of fraud. Immediate worldwide settlement and finality of payment provide Internet merchants the ability to accept payments without any end of the month chargeback worry or surprises. This translates to NO loss of revenue from fraudulent payments.

Digital currency delivers payment confidence to its users.

However, because of this non-refundable policy, digital currency accounts are a special target for online thieves.

There are hundreds of phishing emails and fake web sites on the Internet trying to gather your personal information and log on credentials with the intent of stealing your online funds. In hopes of helping consumers avoid these traps there are many software products devoted to blocking the scams. Items such as anti-phishing toolbars http://toolbar.netcraft.com/ , popular browsers with built in phishing filters http://www.ie-vista.com/phishing.html and even phishing filters http://www.ie-vista.com/phishing.html and even virus protection software http://www.kaspersky.com/ all attempt to block the bad web sites.

e-gold’s Dr. Douglas Jackson discusses some of these important issues over on the new e-gold blog http://blog.e-gold.com/ , with this post - Example of how fake sites target users of e-gold, E-Bullion, Pecunix, and Liberty Reserve http://blog.e-gold.com/2007/09/sophisticated-f.html .

The e-gold web site has always shown excellent tips on how to avoid being a victim of these hackers and the Security Recommendations http://e-gold.com/security.html on their web shows important information which will help to protect you from ‘unsafe surfing’.

The safe keeping of my online financial accounts is very important to me and each day I put my trust in Dr. Jackson. With his decade of e-gold online payment experience, I know the e-gold blog http://blog.e-gold.com/about-the-egold-blog.html advice is going to be current and very helpful.