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

March 27, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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A 3rd of People who personal or have owned cryptocurrency have fallen sufferer to scams and theft, in response to a latest survey by cybersecurity agency Kaspersky.

The survey launched by the safety agency discovered {that a} third of respondents have had their crypto belongings stolen, with the typical 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 cost 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 stated that they personal cryptocurrency or crypto belongings, in comparison with simply 10% of respondents aged 55+. Moreover, practically half (47%) of respondents aged 18-24 stated they’ve had cryptocurrency or a crypto asset stolen, whereas simply 8% of respondents aged 55+ stated the identical.

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

Nonetheless, 32% of respondents who personal or have owned cryptocurrency or different crypto belongings stated they’ve misplaced entry to a crypto-related account, and solely 34% use multi-factor authentication to guard their accounts, whereas solely 14% stated 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 pretend USDC DeFi swap

Kaspersky additionally recommends using any additional safety measures which might be obtainable, equivalent 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 protected.

Whereas Kaspersky advises customers to be vigilant and use any additional safety measures obtainable, different specialists suggest 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 ideas of it are crucially vital relating to safely storing crypto.

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Tags: CryptoDontfindsKasperskyKeysphrasesReportSeedUsers
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