Nearly 7 out of 10 surveyed Americans stated they understood dangers that are connected with cryptocurrencies, a brand-new research study by Nordvpn has actually discovered. However, about 32% of the participants stated they were not familiar with any dangers.
Understanding Cryptocurrencies
According to the findings of a brand-new Nordvpn research study, about 7 in 10 Americans, or 68% of research study individuals, stated they understood the dangers included with cryptocurrency. The research study likewise discovered that a practically similar number (69%) of all the participants “had some understanding of what cryptocurrency is.”
Despite being educated about cryptocurrencies, the surveyed Americans still revealed their agitation over the possibility of these digital currencies “becoming the standard for online purchases.”
Also, in a breakdown of the dangers determined, the study discovered that 59% of the participants knew that trading platforms and exchanges can get hacked. About 57% stated they understood the danger of an account takeover, while 56% understand phishing e-mails or texts notifying a modification in funds that might be utilized by bad guys.
Meanwhile, in applauding the observed high crypto awareness levels, the report stated “the more understanding individual consumers have of cyber threats, the better equipped they’ll be to protect themselves.”
A Troubling Trend
On the other hand, the research study likewise discovered that some 32% of the 1,000 participants that participated in the study “did not report any awareness of the associated risks.” The research study report explains this absence of awareness as not just “a real problem” however part of a larger and perhaps more uncomfortable pattern.
“The real issue is that many people in the wider population, in the U.S. and beyond, have a poor understanding of online risks in general,” the report described.
In conclusion, the report prompted cryptocurrency holders or web users to produce more powerful passwords as these are “often the only things standing between hackers and our online accounts.” The report likewise motivated users to utilize VPNs which “protect internet traffic with layers of powerful encryption.”
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