One in four users unaware of crypto cybercrime risks: Report

Nearly one in four users are unaware of crypto cybercrime risks, while half of the users are hit by crypto cybercrime, a new report has shown.

According to the cybersecurity firm Kaspersky, just 25 per cent of those surveyed felt well-informed about potential cryptocurrency cyberthreats, while 23 per cent had no information at all.

The report also discovered that nearly half (49 per cent) of the respondents had been affected by cryptocurrency crime in some way, with 40 per cent of crypto owners did not believe current protection systems for cryptocurrency were effective.

"This survey emphasises the need for increased awareness and education about the potential risks faced by cryptocurrency owners. As the adoption of digital assets continues to grow, it is essential for individuals to take appropriate measures to protect themselves from cyber threats," said Vitaly Kamluk, Head of the APAC unit, Kaspersky's Global Research and Analysis Team.

Moreover, cyber threats such as virtual theft and scams, were among the most frequently mentioned negative aspects of cryptocurrency use, with 27 per cent and 26 per cent of respondents citing them as their top concerns, respectively.

The report also mentioned that nearly 38 per cent of respondents were unaware they could become a target of crypto threats -- even if they do not own cryptocurrency.

When it comes to market management, the report added that 54 per cent would like to see regulation by an independent authority, while 44 per cent agree cryptocurrency regulation should be carried out by banks.