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Cryptocurrency Investors Beware: Hacking Puts 30% of Americans at Risk

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It is reported that according to the latest research report from Kaspersky, a network security company, it is estimated that about 30% of American cryptocurrency investors have bec

Cryptocurrency Investors Beware: Hacking Puts 30% of Americans at Risk

It is reported that according to the latest research report from Kaspersky, a network security company, it is estimated that about 30% of American cryptocurrency investors have become victims of hacking and theft. The average value of their lost assets is close to $100000, and even 15% of respondents admit that the value of lost cryptocurrency can be as high as $1 million. According to data, the majority of victims are aged 18-24 years, and the proportion of victims over 55 years old is 8%. （cryptopotato）

Kaspersky: 13 US crypto investors or victims of hacker theft

As the use of cryptocurrency increases, so does the risk of cyber-attacks. In recent years, many cryptocurrency investors have become victims of hacking and theft – resulting in the loss of millions of dollars worth of assets. According to the latest research report from Kaspersky, a network security company, it is estimated that about 30% of American cryptocurrency investors have become victims of hacking and theft. The average value of their lost assets is close to $100,000, and even 15% of respondents admit that the value of lost cryptocurrency can be as high as $1 million.

Understanding the Risk

Before investing, it is crucial to understand the risks that come with cryptocurrency investments. One of the biggest risks is hacking. Hackers can target any individual or platform connected to cryptocurrencies. Even the most secure wallets and exchanges can be hacked. Cryptocurrency theft is often irreversible, and victims have little legal recourse or protection.

Who is At Risk?

According to the report, the majority of victims are aged 18-24 years, and the proportion of victims over 55 years old is 8%. This is mostly due to the younger generation’s increased use and trust of new technology. Furthermore, many older individuals lack awareness of the risks involved with cryptocurrency and how to protect themselves.

Protecting Yourself

Protecting yourself from cyber-attacks requires a combination of caution and security measures. Here are some tips to help protect your cryptocurrency investment:

1. Choose a Reliable Platform

Choose a reliable and trustworthy cryptocurrency platform. Do your research on the platform’s security protocols before investing.

2. Keep Your Passwords Safe and secure

Memorize your password or store it in a secure offline location. Do not share your password or any sensitive information.

3. Enable Two-Factor Authentication

Enable two-factor authentication on your cryptocurrency account. This adds an extra layer of security by requiring a unique code to log in.

4. Use Cold Wallets

Use a cold wallet to store your cryptocurrency. This is a physical device that is not connected to the internet.

5. Stay Private

Keep your identity and financial information private. Do not share personal details that could compromise your security.

Conclusion

Investing in cryptocurrency can be a smart decision, but it comes with significant risks. As this report shows, cyber-attacks on cryptocurrencies are on the rise. Protecting your assets requires both caution and security measures. By staying informed and following best practices, you can minimize your exposure to hacking and theft and protect your cryptocurrency investment.

FAQs

Q1. Can hacked cryptocurrency be recovered?

A1. Unfortunately, most stolen cryptocurrency cannot be recovered. It is essential to take preventive action to protect your assets.

Q2. Is it safe to invest in cryptocurrency?

A2. While investing in cryptocurrency can be safe, it is essential to understand the risks involved and take the right precautions.

Q3. How often do cyber-attacks occur in the cryptocurrency industry?

A3. Cyber-attacks against the cryptocurrency industry are relatively common. While total losses remain difficult to estimate, the rise in hacking incidents highlights the importance of staying vigilant about security.

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