Cryptocurrency

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

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CoinDesk Consensus

a The third According to a recent survey by cybersecurity firm Kaspersky, 50% of Americans who own or have owned cryptocurrency have been scammed or stolen.

A survey released by a security firm found that one-third of respondents had their cryptocurrency stolen, with an average theft of $97,583.

Kaspersky
Kaspersky Theft Value (Courtesy Kaspersky)

Additionally, a third of respondents were victims of fraudulent crypto-related websites or investment fraud, 19% experienced identity theft, 27% had their payment details stolen, bank An investigation found that the money had been stolen from the account.

Noting that there is a large age gap between owning and stealing crypto assets, 36% of respondents aged 25 to 44 said they own cryptocurrencies or assets, compared to those aged 55 and over. only 10% of respondents Additionally, almost half (47%) of respondents aged 18-24 said they had their cryptocurrencies or assets stolen, while only 8% of respondents aged 55 and over said the same thing. .

In terms of protective measures, 24% of respondents currently own cryptocurrencies or other crypto assets, and on average, respondents said they last confirmed their crypto investments six weeks ago. says.

However, 32% of respondents who own or have owned cryptocurrencies or other crypto assets said they have lost access to their crypto-related accounts, and have turned to multi-factor authentication to protect their accounts. Only 34% said they were using , and only 14% said they were storing seeds. Cryptographic phrase and private key.

Kaspersky, a company that provides online and cryptocurrency security, advises users to be careful where they invest their money and beware of phishing scams and fake websites.

Read more: Scam alert: Circle phishing campaign promises fake USDC DeFi swaps

Kaspersky also recommends employing additional security measures where available, such as multi-factor authentication and using strong, unique passwords for all accounts. There are other tools and methods you can use to keep your crypto safe.

Kaspersky advises users to be vigilant and use the additional security measures available, while other experts recommend using cold storage wallets to reduce the risk of cryptocurrency theft. doing.

Ultimately, the survey highlights the need for increased awareness and caution when investing in cryptocurrencies. Be it backing up seed phrases or more advanced methods such as using cold storage wallets, self-custody, etc., that principle is very important when it comes to keeping crypto safe.

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