Is Ledger a backdoor?

Nicolas Bacca, co-founder of Ledger, spoke during a Twitter Space with several other Ledger executives. He was adamant that “this is not a backdoor at all, because nothing will happen without your consent on your device.” He also said the update does not increase attack vectors on Ledger wallets.

What is a backdoor & how does it work?

A backdoor is any method that allows somebody — hackers, governments, IT people, etc. — to remotely access your device without your permission or knowledge. Hackers can install a backdoor onto your device by using malware, by exploiting your software vulnerabilities, or even by directly installing a backdoor in your device’s hardware/firmware.

What are the different types of backdoors?

Here are a few examples of the different kinds of backdoors that are frequently used: Trojans. Trojans are malware files that pretend to be legitimate files to gain access to your device. Once you click on the “allow insert-program-here to make changes on your device?” button on your PC, the Trojan is then able to install itself on your device.

What is a non-criminal backdoor?

Backdoors of the non-criminal variety are useful for helping customers who are hopelessly locked out of their devices or for troubleshooting and resolving software issues. Unlike other cyberthreats that make themselves known to the user (looking at you ransomware ), backdoors are known for being discreet.