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New Kaspersky report finds 14% of crypto users don’t back up keys, seed phrases

March 27, 2023
in Cryptocurrency
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A 3rd of People who personal or have owned cryptocurrency have fallen sufferer to scams and theft, in line with a current survey by cybersecurity agency Kaspersky.

The survey launched by the safety agency discovered {that a} third of respondents have had their crypto property stolen, with the common worth of the theft being $97,583.

Kaspersky
Kaspersky Worth of theft (Courtesy: Kaspersky)

Moreover, a 3rd of respondents have fallen sufferer to a fraudulent crypto-related web site or funding rip-off, with 19% experiencing identification theft and 27% having fee particulars stolen and cash taken from their checking account, the survey discovered.

Noting important age variations in crypto possession and theft, 36% of respondents aged 25-44 mentioned that they personal cryptocurrency or crypto property, in comparison with simply 10% of respondents aged 55+. Moreover, almost half (47%) of respondents aged 18-24 mentioned they’ve had cryptocurrency or a crypto asset stolen, whereas simply 8% of respondents aged 55+ mentioned the identical.

By way of safety measures, the survey discovered that 24% of respondents at present personal cryptocurrency or different crypto property, and on common, respondents mentioned the final time they checked on their crypto investments was six weeks in the past.

Nevertheless, 32% of respondents who personal or have owned cryptocurrency or different crypto property mentioned they’ve misplaced entry to a crypto-related account, and solely 34% use multi-factor authentication to guard their accounts, whereas solely 14% mentioned they retailer seed phrases and personal keys for his or her crypto.

Kaspersky–a agency that gives on-line and crypto safety–advises customers to watch out the place they make investments their cash and to maintain an in depth eye on phishing scams and pretend web sites.

Learn extra: Rip-off warning: Circle phishing marketing campaign guarantees faux USDC DeFi swap

Kaspersky additionally recommends using any additional safety measures which might be obtainable, akin to multi-factor authentication and utilizing robust, distinctive passwords throughout all accounts, there are nonetheless different instruments and strategies folks can use to maintain their crypto secure.

Whereas Kaspersky advises customers to be vigilant and use any additional safety measures obtainable, different specialists advocate utilizing cold-storage wallets to mitigate the danger of crypto theft.

In the end, the survey highlights the necessity for elevated consciousness and warning when investing in cryptocurrency, be it backing up your seed phrases or extra superior strategies like utilizing cold-storage wallets, self-custody, and the rules of it are crucially vital with regards to safely storing crypto.



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Tags: CryptodontfindsKasperskyKeysphrasesReportseedusers
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