How secure are cryptocurrency software wallets against cyber criminals injecting malicious code?

Colleagues, the on-going debate regarding which type of crypto wallet is more secure continues with no clear consensus – hardware, software, clod-based and paper wallets. This debate has returned to the spotlight given the recent security breach of BitPay’s Copay (software) Wallet. Copay claims its mobile The Copay app securely stores multiple, distinct bitcoin wallets, allowing both business and privacy-conscious users to keep funds carefully separated. GitHub issued a memo to users reporting an  ‘event-stream` dependency attack steals wallets from users of copay. For details take a look at the YCombinator news feed on this attack. The bottom line: For individual digital asset traders software wallets are immensely more convenient than hardware and paper wallets, however, they are far more prone to cyber-attacks – quantum password processing, malware and adware … just to name a few. If you do use a software wallet we highly recommend using any and all security features at both the application and OS levels. The Copay breach reminds us that the cryptocurrencies are no more secure than the weakest link in the crypto ecosystem. Share a comment while visiting us today! Lawrence – Cyber Security Defender (https://cybersecuritydefender.blogspot.com/)