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I’m a cyber expert – iPhone and Android users are making the same mistake that puts your bank account at risk

ExclusiveTechPhones & GadgetsPICTURE THAT I’m a cyber expert – iPhone and Android users are making the same mistake that puts your bank account at risk Millie TurnerPublished: 11:37, 31 May 2023Updated: 11:37, 31 May 2023A LARGE number of iPhone and Android owners are putting themselves a risk of financial theft by scanning important documents with

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I’m a cyber expert – iPhone and Android users are making the same mistake that puts your bank account at risk

A LARGE number of iPhone and Android owners are putting themselves a risk of financial theft by scanning important documents with their devices, according to a cyber expert.

It might be the simplest way to keep hold, or share, important information such as your bank details or passport photo, but it can easily fall into the wrong hands.

If you're set on keeping important details and documents on your device, you should consider using a secure file storage app that can be password protected

1
If you’re set on keeping important details and documents on your device, you should consider using a secure file storage app that can be password protectedCredit: Alamy

“Taking a photo may be the quickest and easiest way to scan important documents, but it’s also the most dangerous one,” Mark Wright, an anti money laundering expert at KyrosAML, told The Sun.

“Photos containing sensitive information from passports, licences, and cards are an easy target for thieves, giving them a chance to steal your personal data without breaking a sweat by simply forwarding the photos to themselves.”

Thieves often exploit stolen iPhones and Androids to access private user data.

Cyber criminals can also gain unauthorised access to devices through spyware.

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So, if you’ve snapped a photo of your bank details, card information or passwords to send to a friend or family member, or even as a reminder for when you need it – you could be giving fraudsters a key to your hard-earned cash.

“One simple step you can take to prevent this is to delete any photos of important documents from your Photos app immediately after you’re done using them,” explained Wright.

“Even better, instead of relying on the Photos app, consider using a secure file storage that can be password protected.

“One such app is the [Apple] Wallet app, where you can store your credit cards, driver’s licence, transit cards, student ID cards, and more.”

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Apps like Apple Wallet or Google Wallet use encryption technology to protect your personal information.

Encryption essentially converts all your details into a code, which makes it much harder for hackers to intercept and steal your data.

If you’re set on keeping important details and documents, such as your passport, drivers licence and cards on your iPhone or Android device, you should consider using a secure file storage app that can be password protected.

You can even use biometric passwords, such as fingerprint or face ID, to make sure you – and only you – can gain uninterrupted access to this information.

“By storing your important documents in a secure file storage, you significantly reduce the risk of your sensitive information falling into the wrong hands,” Wright added.

“Stay vigilant, be cautious with sensitive information, and prioritise protecting your personal data.

“With these measures in place, you can enjoy peace of mind and use your phone in public without the fear of your data being compromised.”

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Topics
  • Android
  • Cyber crime and hacking
  • iPhone 14
  • Scams and fraud
  • Technology

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Metaplanet Now Holds 2,100 Bitcoin, Purchases 68 More BTC

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Metaplanet Now Holds 2,100 Bitcoin, Purchases 68 More BTC Metaplanet reaches a milestone of 0.01% of the total bitcoin supply. By James Van Straten| Edited by Parikshit Mishra Feb 20, 2025, 3:53 a.m. FastNews (CoinDesk) What to know: The Tokyo-listed firm bought

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Metaplanet Now Holds 2,100 Bitcoin, Purchases 68 More BTC

Metaplanet reaches a milestone of 0.01% of the total bitcoin supply.

FastNews (CoinDesk)

FastNews (CoinDesk)

What to know:

  • The Tokyo-listed firm bought 68.59 BTC at an average purchase price of $96,335 per bitcoin.
  • Shares of the bitcoin HODLer are up 1%.

Metaplanet (3350) has now accumulated 2,100 bitcoin (BTC), now holding 0.01% of the total BTC supply that will ever be mined, which is 21 million BTC. Metaplanet purchased 68.59 BTC for $6.6 million at an average purchase price of $96,335 per bitcoin.

According to Dylan Le Clair, Metaplanet has raised $20 million in equity capital in the first two trading days of its “21 million plan”. Metaplanet also announced on Feb. 18 that they will execute a 10-1 stock split on April 1. This comes just eight months after a reverse a 1-for-10 reverse split.

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Metaplanet shares are up over 1% in the current market trading; shares are trading at 6,260 JPY.

MetaPlanetBitcoinFastNews
James Van Straten

James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.

In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).

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Bitcoin Is Coiled Like a Spring, A Breakout of This Range is Coming: Van Straten

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Is Coiled Like a Spring, a Breakout of This Range Is Coming: Van Straten Bitcoin’s volatility is near one of its lowest levels in years, and it is primed for a short-term move. By James Van Straten| Edited by Parikshit

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Bitcoin Is Coiled Like a Spring, a Breakout of This Range Is Coming: Van Straten

Bitcoin’s volatility is near one of its lowest levels in years, and it is primed for a short-term move.

Choppiness Index (Checkonchain)

Choppiness Index (Checkonchain)

What to know:

  • Bitcoin’s volatility on both a realized and implied basis is near multi-year lows.
  • Data shows that bitcoin’s “choppiness index” is at one of its highest levels in years.

Bitcoin (BTC) is known to be a volatile asset, but as of late, this is not the case; bitcoin has been trading in a very tight range since the end of November, between $91,000 and $109,000.

In other words, bitcoin’s volatility has compressed enormously. According to Glassnode data, the 2-week realized volatility, which provides of how turbulent the asset was in the past two weeks, measures volatility over the past two weeks annually, has dropped to an annualized 32%, one of the lowest levels in years. In addition, the options implied one-month volatility, which is the market’s expectation for volatility over four weeks, has slipped below annualized 50%, again one of the lowest levels in years.

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To put into context how much bitcoin has been in this sideways consolidation, consider what analyst Checkmate calls is the “Choppiness Index”. The data shows that bitcoin, on a weekly time frame, based on its choppiness, is at its highest level since 2015, which shows how tight this trading range has been.

Implied and realized volatility (Glassnode)

Implied and realized volatility (Glassnode)

Volatility tends to mean-reverting, meaning an unusually stable market often paves the way for a big move in either direction and vice versa. The longer and tighter the consolidation, the violent the eventual volatility explosion.

To cut the long story short, the ongoing rangeplay, the most intense since 2015, could soon pave the way for wild price action. Bitcoin, at some point, will break out of this range; the question remains if it will go higher or lower.

BitcoinBitcoin Volatility
James Van Straten

James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.

In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).

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Don’t take your antivirus software for granted

Security news is often sober, especially as of late. Many huge data breaches have come to light this year alone, and security vulnerabilities keep coming at us, too—like this week’s report about a massive issue with Secure Boot, one of the core methods used to keep your PC safe from sneaky attacks…

Security news is often sober, especially as of late. Many huge data breaches have come to light this year alone, and security vulnerabilities keep coming at us, too—like this week’s report about a massive issue with Secure Boot, one of the core methods used to keep your PC safe from sneaky attacks…
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50 antivirus and PC security terms everyone should know

Internet security is a complex topic even for experts in the field, and for average people the terminology can be downright confusing. While you may not need to know every technical term out there, having a working vocabulary of basic terms can help you stay informed enough to protect yourself against major threats…

Internet security is a complex topic even for experts in the field, and for average people the terminology can be downright confusing. While you may not need to know every technical term out there, having a working vocabulary of basic terms can help you stay informed enough to protect yourself against major threats…
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