Use strong and unique passwords for each of your crypto accounts. In order to avoid falling victim to cryptocurrency-related scams, Kaspersky recommends: Thirty-two percent of respondents who own or have owned cryptocurrency or other crypto assets said they have lost access to a crypto-related account at some point. Only 15% of users said they use a "cold wallet," storing their crypto in external storage not connected to the internet. Twenty-seven percent of users said they keep their crypto stored in an exchange account with no added protection, while only 34% use multi-factor authentication to protect their account. On average, respondents said the last time they checked on their crypto investments was six weeks ago. The survey revealed that there is often more users could be doing to protect their crypto assets. Users should keep a close eye out for scams, and should employ any extra security measures that are available to them, such as multi-factor authentication." This survey data shows a lot of people are getting their crypto stolen and even experiencing identity theft. "Without any regulation or established common knowledge, people need to take care to protect themselves. "From fake apps to cryptojacking, there is a long list of threats lurking online to target cryptocurrencies," said Marc Rivero, senior security researcher at Kaspersky's Global Research and Analysis Team. Among those victims, 19% said they experienced identity theft as a result, while 27% had payment details stolen and money taken from their bank account. They also use cryptojacking malware to generate currency by stealing computing resources from unknowing victims.Ī third of respondents who said they own or have owned cryptocurrency or other crypto assets said they have fallen victim to a fraudulent crypto-related website, app or investment scam at some point. However, scammers are continuously seeking new ways to capitalize on that popularity and defraud users, with tactics such as impersonating legitimate exchanges or launching phishing attacks to steal login credentials. Twenty-four percent of respondents to the survey said they currently own cryptocurrency or other crypto assets. Crypto trading has skyrocketed in popularity in recent years.
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