Gain insight into the volatility of crypto and how to protect yourself with nSure.ai solutions.
The problem of payment fraud has intensified in the past couple of years, and the crypto space isn't immune to its spread.
As the market continues to grow in size, so does the level of fraudulent activity. Losses caused by DeFi exploits totaled $12B in 2021. Fraud and theft account for $10.5 billion of that sum — a seven-time increase from 2020.
Crypto exchanges are frequently under attack and once the money is gone, it's gone for good. What goes along with it are positive aspects the exchange’s reputation.
The crypto space has a huge desire to be widely accepted and used in the mainstream, but as long as it is perceived as unsafe, its massive potential will not be realized.
It doesn't have to be as bad.