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Saturday, August 25, 2007

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e-Bullion Beats The Hackers….If You Own A CRYPTOCard

e-bullionIf you use e-Bullion, you must get a CRYPTOCard for your account. The device will cost you an extra $99.50 but you will be protecting the future of your digital dollars. This is more important than you can imagine….


Its called the “Man in the Browser” attack* and some consider it the next generation of hacker fraud. That is just one of the ways a hacker can steal your e-bullion ‘log in’ information when you are not using a secure CRYPTOCard. If you have an e-bullion account, especially if you are using this digital gold currency for the first time, please get yourself one of these devices. You will use it each time you log onto to your account.



CRYPTOCard Secure Password Technology (SPT) positively authenticates anyone who tries to gain access to a secured network by coupling something the user has (a hardware, software or smart card token) with something only the user knows (a PIN). This 2-factor positive authentication solution ensures that “Bob is Bob”.


Yesterday I receive a letter from a reader. He was recommending to me that more people should use e-Bullion’s CRYPTOCard and questioning why e-Bullion does not perhaps require it for all account holders. This is a great question.


E-Bullion digital gold currency and e-Bullion ‘e-currency’ are both very popular. The digital gold currency has been around almost as long as e-gold. In the past few months, many DGC users having been trying e-Bullion for the first time and adding it to their online payment arsenal. Others are simply switching from e-gold to e-Bullion for obvious reasons.



E-bullion offers an excellent system and I’m happy to see it grow, however, I’m not the only one noticing the new users. The hackers are also watching! As the past few months have created a pool of new users its very noticeable that many of them are not yet using the small hardware device known as the CRYPTOCard.



e-bullionWhen you first open an e-bullion account, the only items required for your online access are an account number and a simple password. Entering this data from the e-Bullion account page, you will be directly typing it in….they do not offer any type of on screen keyboard or drop down key selection. I assume that is because they would like you to use their optional hardware. At least that is my guess. It is a bit unusual not to see some type of on screen keyboard or safety system to thwart key loggers. With so many ‘known’ malware programs and viruses, most other digital currencies offer some type of creative secure log in which at least attempts to beat the hackers!e-gold


e-gold offers a small pop up on screen keyboard called the SRK. Summon this ’security widget’ and a small on screen keyboard window appears which combats key loggers and common viruses.


PecunixPecunix offers a very effective entry system using on screen keys and passwords.


Even PayPal offers a small hardware security key, which is extremely helpful in preventing unauthorized entry to your PayPal account. That small hardware ‘fob’ is just $5 for PayPal account holders. Its important to note that e-Bullion transactions are not reversible. If your account is looted, unlike PayPal you cannot get a refund!



So what does e-Bullion do to protect its customers? They offer the CRYPTOCard, hardware device which makes your account hacker proof (I’m told). Once a new account is opened, its possible that all new users will learn about this great device and I know every new user would like one, but the cost of this small calculator like item is $99.50. At that price, many new users will not purchase the CRYPTOCard protection.


I strongly suggest, if you are ever going to have more than $100 in your e-bullion account - BUY THIS DEVICE - you will need the protection this small unit offers. At that price, it is understandable why e-Bullion does not make it mandatory, but an on screen keyboard would not hurt.


I have a CRYPTOCard, but only after my account was compromised to the tune of 6k USD some years back. A simple key logger picked up my access and the sneaky hacker tried to help himself to my e-Bullion funds. Lucky for me, e-Bullion also has some advanced software in place to catch irregularities with customr log ins and they froze my 6k before the hacker could steal it. They also would not let me access the funds until I had bought and was using a new CRYPTOCard. (Thank you e-bullion for saving my funds and enlightening me.)


Unfortunately, many new users have not been so lucky. The hackers seem to be getting a lot more sophisticated, so please spend the extra time and money to protect your digital currency. Spend the money and don’t look back, its really worth the small change.


* Also known as transaction generators, man in the browser (MITB) attacks are a newly discovered type of man in the middle (MITM) attack that waits until users log in to strike, defeating all previous types of user authentication. Hackers modify data sent during a legitimate session, without the user knowing until it’s too late; for example, users could unknowingly purchase the wrong stock or transfer a large sum of money directly into a hackers’ account. Earthtimes.org



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