Inbuilt Function in Windows 10 Poses Threat to Bitcoin Investors

By CIOReview | Monday, January 4, 2016
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FREMONT, CA: In today’s world, simply locking ones PC with a password is not enough as hackers can bypass this locked screen rather easily. Keeping that in mind, Microsoft has launched Windows 10 with an inbuilt Bitlocker disk encryption which is activated by default.  Now, according to a recent report by The Intercept, there is a hidden function in Windows 10 which provides Microsoft with the ability to access users’ encrypted data. This can turn out to be a serious issue when there is some breakdown within the Microsoft servers which will provide hackers with access to users’ important financial data such as bitcoins.

According to the report, a copy of the recovery key for bitlocker disk encryption is automatically uploaded to the Microsoft servers when users login to OneDrive with their Microsoft account. For bitcoin investors, this is a grave threat considering the fact that hackers are targeting the virtual currency as one bitcoin currently trades at 435 U.S. dollars. In 2013, about 5 Mn US dollars worth of bitcoins were stolen from the Chinese Bitcoin Exchange by hackers.

The reason hackers are attracted to bitcoins is that it is almost impossible to trace back the individual, thereby, making it easy for stealing and spending the currency. Nowadays, people store bitcoins on their PCs in an encrypted wallet or in an online service. This coupled with the latest hidden function within Windows 10 is the ideal opportunity for hackers to steal bitcoins along with other financial data.

But everything is not so doom and gloom, as the recovery key can be deleted from users’ Microsoft account in OneDrive. Microsoft assures that as soon as users delete the key from their account in OneDrive, the copies stored within the servers are also deleted. The report in Intercept also lays down steps for users to generate a new encryption key without the copy being sent to Microsoft servers.