28% of Europeans think that safety is essential among crypto card payments

During the last few years, the cryptocurrency ecosystem has been evolving rapidly. According to Statista, the cryptocurrency market is projected to reach US$37.87bn this year. 

Each region worldwide has a different reality in the cryptocurrency market growth. 

Germany, Russia, and the U.K. are currently leading the cryptocurrency market adoption in the European region.

But one common concern among users in the crypto industry worldwide its the safety of their data.

Bitsa, a crypto card services provider, researched among its users to understand some of the main benefits of using crypto cards as a payment method.

The research revealed some interesting data. 28% consider security as the main benefit of using crypto cards, 23% think speed is the best, and 17% consider privacy.

During the last months, cyber security attacks have been increasing rapidly. According to Statista, the global average cost per data breach amounted to 4.45 million U.S. dollars, an increase from 4.35 million U.S. dollars in the previous year. The average data breach cost varied across sectors, with the highest average price in the healthcare industry.

Also, In 2023, the number of hacking attacks increased by 7% compared to 2022, according to Forbes. According to Statista, in the first quarter of 2023, more than 6 million records of cyberattacks were registered.

Other crypto players suffered from hacking attacks, such as Cypher Protocol and Zunami Protocol. 

A recent research conducted by the cybersecurity arm of Blackberry revealed some of the most dangerous malware affecting the crypto industry, such as SmokeLoader, RaccoonStealer, and Vidar.

Hackers are developing new hacking techniques, evolving and moving faster. 

In this way, it becomes essential that companies keep their cyber security systems updated to protect their users and to avoid being victims of phishing attacks.