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

Nearly 7 retired of 10 surveyed Americans said they were alert of risks that are associated with cryptocurrencies, a caller survey by Nordvpn has found. However, astir 32% of the respondents said they were not alert of immoderate risks.

Understanding Cryptocurrencies

According to the findings of a caller Nordvpn study, astir 7 successful 10 Americans, oregon 68% of survey participants, said they were alert of the risks progressive with cryptocurrency. The survey besides recovered that an astir identical fig (69%) of each the respondents “had immoderate knowing of what cryptocurrency is.”

Despite being knowledgeable astir cryptocurrencies, the surveyed Americans inactive expressed their uneasiness implicit the imaginable of these integer currencies “becoming the modular for online purchases.”

Also, successful a breakdown of the risks identified, the study recovered that 59% of the respondents were alert that trading platforms and exchanges tin get hacked. About 57% said they were alert of the hazard of an relationship takeover, portion 56% are alert of phishing emails oregon texts alerting a alteration successful funds that whitethorn beryllium utilized by criminals.

Meanwhile, successful commending the observed precocious crypto consciousness levels, the study said “the much knowing idiosyncratic consumers person of cyber threats, the amended equipped they’ll beryllium to support themselves.”

A Troubling Trend

On the different hand, the survey besides recovered that immoderate 32% of the 1,000 respondents that took portion successful the survey “did not study immoderate consciousness of the associated risks.” The survey study describes this deficiency of consciousness arsenic not lone “a existent problem” but portion of a bigger and perchance much troubling trend.

“The existent contented is that galore radical successful the wider population, successful the U.S. and beyond, person a mediocre knowing of online risks successful general,” the study explained.

In conclusion, the study urged cryptocurrency holders oregon net users to make stronger passwords arsenic these are “often the lone things lasting betwixt hackers and our online accounts.” The study besides encouraged users to usage VPNs which “protect net postulation with layers of almighty encryption.”

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