Thu, October 3

New Study Reveals Cryptocurrency Risks Are Recognized by 68% of Americans

New Study Reveals Cryptocurrency Risks Are Recognized by 68% of Americans Bitcoin News
  • 32% of the 1,000 participants did not disclose any knowledge of the related hazards.
  • 56 % were aware of phishing emails or texts that could alert them to a shift in money.

Crypto and blockchain technology have evolved over the years with more sophisticated measures regarding privacy and security. Despite this, hackers and scammers constantly develop new ways to overcome such measures.

Almost seven in ten Americans, or 68%, claimed they were aware of the hazards associated with crypto, according to NordVPN research. According to the research, almost as many people (69 percent) “had some understanding of what cryptocurrency is,” according to the research. Even though they were aware of cryptocurrency, many Americans were nonetheless concerned about its potential of becoming the norm for internet commerce.

Alarming Trend and A Real Problem

59 percent of respondents were aware that trading platforms and exchanges might be hacked, according to the study’s analysis of the risks. The majority of respondents (57%) were aware of the possibility that criminals may take over their accounts, and 56 percent were aware of phishing emails or texts that could alert them to a shift in money.

Despite this, 32% of the 1,000 survey participants did not disclose any knowledge of the related hazards, according to the research study’s findings. According to the study’s findings, it’s not only “a real problem,” but it’s also part of a larger, perhaps more alarming trend.

Many individuals in the general public, including those in the United States and worldwide, lack basic awareness of internet threats, according to the research. According to research, the final advice was to set more secure passwords since they are “often the only things standing between hackers and our online accounts,” according to research. According to the research, use VPNs, which secure internet traffic with layers of sophisticated encryption.

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.