Cyber Risk Involve In Crypto Adoption for Small Businesses
It's not enough to adopt new services or technology. But its also necessary to get full information or knowledge about that. Because with proper knowledge that facility may be a problem than giving benefits. As the crypto launch they attract people because of its ease and businesses also tried to implement but without proper security arrangements for digital assets and people are businesses lost their money due to hackers or cybercriminals.
VP for HSB, Timothy Zeilman highlighted the same issue and said “Cyber criminals follow the money and fraud can be a serious problem,” added. “A number of currency exchanges have been hacked or embezzled and millions of dollars were lost. Smaller businesses, especially those starting out, can’t afford to be cheated.”
More added “Small business owners should learn all they can about the technology before accepting cryptocurrency,” in addition “And make sure they have strong data security and insurance to protect against cyber fraud and financial loss.”