Acknowledging National Cybersecurity Awareness Month this October, leading peer-to-peer (P2P) bitcoin marketplace and digital wallet provider, Paxful, is shining the spotlight on the escalating need for security awareness amongst users when trading in digital currency. With criminals becoming increasingly technically proficient, the benefits of cryptocurrencies are also being exploited.
Virtual currency related crime is on the rise in South Africa, with hackers using peoples’ phones to mine cryptocurrencies according to cybersecurity experts. As the popularity of crypto assets such as bitcoin grows, various South African authorities including the South African Reserve Bank (SARB) have started the process for reviewing the impact of the crypto sector on consumers and the impact on personal financial security. (more…)
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