Kaspersky Lab report: one in ten internet users has been paid in crypto
Kaspersky Lab report: one in ten internet users has been paid in crypto

Kaspersky Lab report: one in ten internet users has been paid in crypto

By Fabio Lugano - 13 Feb 2019

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According to a report by Kaspersky Lab, more than one in ten Internet users, with a total value of 13%, has used crypto to buy or sell goods and services.

However, this has also caused problems for both users and exchanges.

The techniques used by hackers to take advantage of the use of cryptocurrencies, according to the Kaspersky Lab report, vary considerably, an example are the attacks against exchanges, as happened to Cryptopia and Coinrail.

ICOs are also at risk, especially when they are launched by a staff that does not have sufficient training in the field of online security.

Vitaly Mzokov, Head of Kaspersky’s Verification and Development Centre, said:

“Despite falling cryptocurrency prices, there is still a growing interest in digital transactions. Our study showed that 13 percent of people used cryptocurrencies as a method of payment, which was not surprising at all. At the same time, there are real dangers associated with online stock exchanges because they are still at the beginning, which could lead to disastrous financial consequences for users if the funds are not safe”.

For these reasons, those who want to approach the sector should be very cautious and remain suspicious.

In the report, Kaspersky gives some guidance on how to keep your crypto safe:

  • Always check the addresses of the wallets and do not click on automatic links;
  • Use offline wallets;
  • Write down the phrases or mnemonic codes for the recovery of the wallets and store them in a safe place such as a device not connected to the Internet or better yet, a safe;
  • Install up-to-date and cutting edge security solutions.

Kaspersky Lab is a Moscow-based company among the world leaders in cybersecurity, with over $690 million in revenue and over 3900 employees.

Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

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