Study: 68% of Americans Aware of Risks Involved With Cryptocurrencies

Nearly seven out of ten surveyed Americans mentioned they had been conscious of dangers which might be related to cryptocurrencies, a brand new research by Nordvpn has discovered. However, about 32% of the respondents mentioned they weren’t conscious of any dangers.

Understanding Cryptocurrencies

According to the findings of a brand new Nordvpn research, about seven in ten Americans, or 68% of research individuals, mentioned they had been conscious of the dangers concerned with cryptocurrency. The research additionally discovered that an nearly similar quantity (69%) of all of the respondents “had some understanding of what cryptocurrency is.”

Despite being educated about cryptocurrencies, the surveyed Americans nonetheless expressed their uneasiness over the prospect of those digital currencies “changing into the usual for on-line purchases.”

Also, in a breakdown of the dangers recognized, the study discovered that 59% of the respondents had been conscious that buying and selling platforms and exchanges can get hacked. About 57% mentioned they had been conscious of the danger of an account takeover, whereas 56% are conscious of phishing emails or texts alerting a change in funds which may be utilized by criminals.

Meanwhile, in commending the noticed excessive crypto consciousness ranges, the report mentioned “the extra understanding particular person customers have of cyber threats, the higher outfitted they’ll be to guard themselves.”

A Troubling Trend

On the opposite hand, the research additionally discovered that some 32% of the 1,000 respondents that took half within the survey “didn’t report any consciousness of the related dangers.” The research report describes this ignorance as not solely “an actual drawback” however a part of a much bigger and probably extra troubling development.

“The actual difficulty is that many individuals within the wider inhabitants, within the U.S. and past, have a poor understanding of on-line dangers basically,” the report defined.

In conclusion, the report urged cryptocurrency holders or web customers to create stronger passwords as these are “usually the one issues standing between hackers and our on-line accounts.” The report additionally inspired customers to make use of VPNs which “shield web visitors with layers of highly effective encryption.”

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