Is There A Crypto Theft Problem? [Infographic]

A lucrative, yet dangerous business, many have found their fortunes or met their financial demise in the market of cryptocurrency. Bad investments and volatile exchange rates aren’t the only forces at fault for lost funds: hackers and cyber thieves are hot on the trail for crypto.

Commonly thought to be the final frontier in privacy and security, blockchain technology certainly isn’t foolproof, especially when it’s humans behind it all. While every safeguard imaginable could be put in place to protect your Bitcoins, no amount of software and firewalls can protect against simple human error. One of the oldest tricks in the book, phishing, has met with a new platform for scamming: cryptocurrency. Today, we attribute simple phishing scams to $115 million worth of stolen cryptocurrencies in just 2017 alone. In 2016 to date, the total value of assets stolen was 95$ million.

Take a look at this infographic for more on the state of security for crypto, and what you can do to keep your wallet out of enemy hands.

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

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