Man-in-the-Middle Attack (MITM)

Understand essential crypto terminology related to Managed Security Services (MSS) to enhance your cybersecurity knowledge and strategy.

A Man-in-the-Middle Attack (MITM) occurs when an attacker secretly intercepts and relays communications between two parties. In the cryptocurrency space, this can happen during transactions or exchanges.For example, when a user initiates a transaction, an attacker can position themselves between the user and the network. They can alter the transaction details, such as the recipient’s address, leading to funds being sent to the attacker’s wallet instead.MITM attacks often exploit unsecured networks, like public Wi-Fi, where attackers can easily capture data. They may use techniques like session hijacking or DNS spoofing to redirect users without their knowledge.To protect against MITM attacks, users should employ strong security measures, such as using secure connections (HTTPS), enabling two-factor authentication, and being cautious about sharing sensitive information over potentially insecure channels. Being vigilant about the websites and applications being accessed can also help prevent falling victim to such attacks.

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