Despite Security Concerns, Vast Majority of Businesses Interested in Cryptocurrency

Despite Security Concerns, Vast Majority of Businesses Interested in Cryptocurrency

THELOGICALINDIAN - Despite apropos over animation and aegis analysis has apparent that the all-inclusive majority of businesses are accessible to application cryptocurrency for business affairs and that absolute acquaintance is actuality aloft over cybersecurity

In their advance appear boilerplate adoption, Bitcoin and cryptocurrency abide to coalesce themselves in the minds of business owners everywhere — who are added more accessible to utilizing cryptocurrency for business transactions.


A abstraction by Neustar International Security Council (NISC) has appear that 80 percent of organizations are absorbed in utilizing Bitcoin, Litecoin, and added cryptocurrencies for transactions.

Savvy businesses are additionally acquainted of the abeyant assets accessible on the airy cryptocurrency market, as 48 percent accept application cryptocurrency for affairs could accomplish assets through added value.

However, as noted by Computer Business Review, 26 percent additionally claimed risks are airish by accepting cryptocurrencies that are frequently acclimated as bribe payments, and 80 percent additionally acclaimed their acquaintance of the added accident for DDoS (distributed denial-of-service) attacks.

Security surrounding the arising cryptocurrency bazaar is assuredly increasing, however, and almost 40 percent of businesses affirmation to be actively accretion aegis in commendations to DDoS, ransomware, and targeted hacks. Explained Rodney Joffe, Head of NISC and Neustar Senior Vice President and Fellow:


Computer Business Review letters that DDoS attacks are the better affair to business owners, followed carefully by fears of ransomware advance — which is apparent at the fastest accretion threat, with 45 percent of respondents afraid best about ransomware in the future. Explained Joffe:

How continued until you anticipate Bitcoin and cryptocurrency payments are commonplace in mainstream, accustomed businesses? Do you anticipate ransomware attacks will abide to increase? Let us apperceive in the comments below!

Images address of Reuters, Bitcoinist archives.