80% of companies are interested in Bitcoin transactions

According to a study, the business world is interested in Bitcoin transactions to reduce transaction costs and reduce reliance on embedded systems.. But many companies have some concerns about it.. This concern is that Bitcoin transactions can be the target of hackers.

Studies have shown positive results for Bitcoin transactions

Neustar, Inc.. The use of cryptocurrencies was discussed at length at the global forum of cybersecurity experts started by (NYSE: NSR). As a result, the Neustar International Security Council revealed that there is a great willingness in the business sector to open up to Bitcoin.. A survey found that 80% of companies are interested in using cryptocurrency for transactions.. Additionally, 48% of respondents indicated that the use of cryptocurrency could be a way for businesses to generate revenue by offering increased value.

The survey included some concerns about cryptocurrencies.. 80 percent of respondents are concerned that Ddos attacks are known to contain Bitcoin, increasing the risk of Ddos attacks. 26 percent fear that the use of cryptocurrencies may pose a greater risk for ransom attacks. Similar research news. Last month, Bitcoin.com reported that despite security concerns, 50 percent of Great Britain businesses already hold cryptocurrencies for various reasons.

Cybercriminals are working on ransomware

Bitcoin One of the main concerns of businesses using it is that hackers will attract attention using sophisticated attacks such as ransomware.. Rodney Joffe, Senior Vice President and Fellow President of NISC and Neustar, said:. This does not mean that the second biggest concern of forward-moving businesses is financial threat.

Rodney Joffe continued:

Compromised Iot Equipped with many tools such as (internet of things) devices, we see hackers using ransomware and Ddos attacks to cause major distractions.. At the same time, we will likely see them focus on stealing large amounts of financial data such as traditional currencies or increasingly popular cryptocurrencies, especially Bitcoin.. By developing a more consistent security strategy, organizations can protect their critical information in the short and long term by tapping into their most sensitive data, processes and models.

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