Investing in Cryptocurrency can be rewarding but it comes with risks. You have to always approach it with caution, education, a long-term perspective and deep knowledge of how the platform works. These are some things you need to know before investing:

1. Do Your Research: Never invest in a cryptocurrency based solely on hype or someone else’s recommendation, you should understand the project’s purpose, technology, team and research extensively where your interest lies.

2. Start Small and Diversify: Cryptocurrency is highly volatile, so, always begin with an amount you can afford to lose. Diversify your portfolio across different cryptocurrencies to reduce risk and avoid investing all your funds in one coin or project.

3. Use Secure Wallets and Exchanges: Store your crypto in secure wallets (hardware wallets for long-term storage). Avoid keeping large amounts on exchanges, as they are vulnerable to hacks. Make sure you enable two-factor authentication (2FA) for added security.

4. Avoid Emotional Trading: Fear of Missing Out (FOMO) and panic selling can lead to poor decisions. Stick to your investment plan and avoid making impulsive trades based on emotions.

5. Keep Learning and Adapting. The cryptocurrency space is evolving rapidly. Stay curious and continuously educate yourself about new technologies, trends, and risks. Follow reputable sources like CoinDesk, Cointelegraph etc for official project announcements.

By knowing these tips and following them religiously, you can minimise risks and make more informed decisions in the dynamic world of cryptocurrency.

The post Smart Tech Tips: Five Things you Should Know Before Investing in Cryptocurrency By Fom Gyem appeared first on Tech Digest News.

TECHDIGEST– The text message/SMS mode of 2FA will no longer be available to accounts unless they are Twitter Blue users, according to a recent announcement from Twitter. The new regulation will go into force on March 20.

The security feature called two-factor authentication (2FA) aids in preventing hackers from accessing your Twitter account. To access their accounts, users must input a password and a security code or key.

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It’s really simple to switch from text/SMS 2FA if you don’t want to pay for Twitter Blue or are concerned about losing your account. This will walk you through the process of changing from Twitter’s phone-based 2FA to more secure alternatives.

Step 1: Open Twitter

First, open Twitter from your smartphone or through a website.

Step 2: Click on Security and Account Access

Click on Security and Account Access.

Step 3: Choose Two-Factor Authentication

Click on Security, then choose Two-Factor Authentication.

Step 4: Choose Your Preferred 2FA Method

The post Twitter Charges For Two-Factor Authentication appeared first on Tech Digest News.

TECH DIGEST – The Central Bank of Nigeria (CBN) has reiterated its commitment to tackling the increasing threats of cyber-attacks in the financial sector.
The CBN said there is a need for banks to comply with the requirement of its two-factor authentication (2FA) on all online products.

The apex bank also pointed out that to reduce quantum of cyber-fraud, more sensitisation is required.

The Director, Banking Supervision (CBN) Hassan Bello, disclosed this while speaking at the FirstBank Information Security Webinar.

Bello said: “The impact of the fraud on the customer include monetary loss, negative perception of bank’s security practices, loss of confidence in the financial system, thus impacting negatively on the cashless policy and the financial inclusion initiative, and others.

“Some of the methods used to get customer information to perpetuate fraud include phishing, vishing, smishing, pharming, spoofing and social engineering.

“To minimise the loss of customer funds, it is necessary to enhance the security measures on all electronic delivery channels.

“Customers should monitor their accounts regularly and promptly report unusual activities and account balances on your account to the bank.

“Customers should desist from any offer asking them to supply their confidential details, such as card numbers and password online because it is a scam.”

On his part, the Head IT Control and Enhancement, FirstBank, Obinna Nbagwu, explained that cyber security sessions are not frequently held event, despite having a lot of customer awareness meetings, therefore commended the bank for the initiative.

Mbagwu noted that when a customer is defrauded through cyber-attack incidents, it is personal to the customer.

According to him, if it is an institution or organisation that is defrauded, the impact is felt at the organisational level.

He, however, urged customers to put in place two-step factor authentication in their email accounts to make it difficult for fraudsters to access their accounts.

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