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Have you ever wondered how it is that professional cryptographers, hackers, and investors manage to get away with their crimes for so long? The answer is simple: they leave a digital trail behind themselves, usually using multiple forms of Digital Forensics to put their finger on the pulse of their criminal activities. Here are some of the top tips for investigators looking into digital wallets, smartphone hacks, and other potential attacks that can leave you asking, "How do I know if my iPhone's password was stolen or hacked, or exposed to a cyber-attack?"
It's hard to believe that nearly one in ten iPhones have already been compromised by hackers with criminal intent, right? But as sad as it is, nearly half of all smartphone users are susceptible to having their private information stolen by a scam artist with malicious intent. It's not just regular people who fall victim to these scams, either; professional cryptographers, security researchers, and other authorities involved in digital asset management have also been the victim of these scam artists in the past. Thus, you must know how to tell if you've been scammed or what to look out for when choosing a Cryptocurrency Forensic Expert.
Misidentifying the Source:
One of the most common mistakes committed by cryptocurrency forensic experts is misidentifying the source of a hack. If there is an IP trace available leading back to the suspected theft location, you'll want to dig even deeper to identify where the subsequent malware originated.
For instance, if your iPhone has been stolen in the San Francisco area but the hack resulted in the hackers reaching an Apple store in London, the location of the hack might not matter to the thesis team unless they also determined whether the data on the device was intercepted by servers controlled by the group that had been targeted. Such details are usually of interest only to law enforcement officials and security researchers and would not normally be shared with the general public.
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Professional Cryptocurrency Forensic Expert:
Two potential scenarios are typically examined by companies hiring Cryptocurrency Forensic Experts.
- The first scenario describes Cryptocurrency Experts' reactions when they learn that their company's tokens have been stolen. In this scenario, the company's CEO hears about the problem and contacts the FBI, while the EEO investigates.
Once the FBI finishes its investigation, the company executives decide to contact a professional Cryptocurrency Forensic expert who specializes in token generation events. Assuming the investigation spanned a significant period and there were multiple victims, this would be a good method to pursue.
- The second scenario is a much less likely outcome. This would occur if the hack resulted in only one token being generated from a single wallet address. In such an instance, the forensic analysis would reveal nothing because the software used for generating the tokens had already been compromised. If, for example, hackers managed to steal software that was designed to encode any one of the tokens created, and no further tokens could be created, then the hackers would be done with their job.
This does not mean that all token wallet hacks are malicious. No matter how sophisticated the attack is, it will not spread beyond the scope of the software used to create them. Additionally, the infrastructure of the decentralized internet platform that underlies the bitcoin network acts as a safeguard against such attacks. If there is an attempt to forge a massive number of coins, the network will quickly detect and halt the transaction.
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