The Cybersecurity Risks of Cryptocurrency

The evolution of cryptocurrency has taken the world by storm in the past decade. In 2013, there were only 66 types of cryptocurrency worldwide. In February 2022, Statista reports around 10,397 cryptocurrencies that people can invest in.

Cryptocurrency, often referred to as just crypto, is a form of digital money. This electronic currency uses blockchain technology, a secure, digital ledger containing crypto transactions.

While many investors are keen on learning about crypto, following the latest crypto trends and making a profit, it’s critical to weigh the risks associated with trading cryptocurrency.

Below, we’re going to discuss some of the cybersecurity risks associated with investing in crypto, as well as some ways to protect yourself when investing your hard-earned money into digital tokens.

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Top 8 Common Cybersecurity Weaknesses in Businesses

Your business cannot afford to become a victim of internet criminals. It only takes one threat to compromise a weak security system, and then your business is exposed.
Cyberattacks are common and occur now more than ever. More importantly, they happen quite frequently with small to medium-sized businesses. According to a study, 43% of cyberattacks are directed toward small businesses. Meanwhile, only 14% prepared for hackers.
Cyberattacks don’t just target small businesses, though. Any person can be at risk for identity theft and more. That’s why it’s important to be aware of cybersecurity weaknesses and vulnerabilities.

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