Security News > 2021 > March > How to protect your organization and yourself from cryptocurrency scams
Crypto scams are on the rise due to the growing popularity of cryptocurrencies and the number of people in need of financial assistance during COVID-19, says Bolster.
Fully aware of this transition, cybercriminals are targeting more people and organizations with cryptocurrency scams.
In its "Cryptocurrency Scam Report," Bolster discovered more than 400,000 crypto scams created in 2020, an increase of 40% from 2019.
Bolster attributed the rise in these scams to the growing popularity of cryptocurrency as well as the greater number of people looking for financial help during the coronavirus pandemic.
For cryptocurrency foundations and business that operate directly in the cryptocurrency industry, know that you are increasingly a target.
For businesses in general, recognize that your employees will increasingly be targets of cryptocurrency scams through emails or by sharing links.