Whole Foods, Overstock, and even Starbucks, these major companies and then some have started cozying up to cryptocurrency payment methods more than ever.
And with this alternative currency moving into the mainstream, it’s also more important than ever to understand how to protect your electronic wallet from cybercriminals trying to get their paws on your hard-mined money — that is, understanding emerging cryptocurrency scams.
In short, cryptocurrency scams are fake requests for cryptocurrency payments and they can come in many forms, including:
- Investment or business opportunity scams
- Imposter or impersonation cryptocurrency scams
- Blackmail or extortion cryptocurrency scams
- Social media cryptocurrency scams
- Giveaway cryptocurrency scams
- Fake apps
- Loader or load-up cryptocurrency scams
- Romance cryptocurrency scams
- Phishing cryptocurrency scams
- Employment cryptocurrency scams
Knowing the red flags of each can go a long way in helping you avoid these. To that end, pore over the infographic below, courtesy of Norton, for a refresher on the top ones to avoid in 2021 and beyond.