80% of companies interested in crypto, survey finds

The majority of companies in the business sector are interested in using cryptocurrencies for transactions, a new survey has discovered.

According to the research conducted by Neustar International Security Council, 80 per cent of respondents are interested in using crypto, while 48 per cent believe that the switch would deliver increased value and therefore generate income.

On the flip-side, cybersecurity remains a huge concern, with 80 per cent reporting a fear of increased DDoS attacks should they start using Bitcoin, and a further 26 per cent pointing to the greater risk of ransom attacks.

Rodney Joffe, head of NISC and Neustar Senior VP and fellow, said: “Ransomware and DDoS attacks continue to be seen as the leading threat to companies due to the sheer volume, complexity and potential severity of an attack. That said, not too far behind as the second greatest concern to businesses moving forward is financial threat.

“By developing a more cohesive security strategy, organisations can hone in on their most vulnerable data, processes and models, protecting their critical information in the short and long term.”