India is still taking babysteps in the world of cryptocurrency. Since cryptocurrency was legalised in March 2020, their has now been talks about using it as a commodity.
India users are also taking keen interest in the cryptocurrency during the novel coronavirus pandemic situation as a lot business have been disrupted. However, a report has suggested that Indian users can face more crypto hacking chances, Microsoft reported.
The report has also mentioned that India’s encounter rate for such attacks is 4.6 times higher than the global and regional average. It has also been noted that crypto-hack encounter rate for India in 2019 was 0.23%, a decline of over 50% since 2018.
Apart from India, users in Sri Lanka and Vietnam also have high chances of facing the risk.
The security report compiled by Microsoft, using data from January to December 2019, also states that about 6% of Indian users encountered malware attacks over the last year.
The Asia-Pacific region also has a higher than average malware and ransomware encounter rate – 1.6 and 1.7 times higher than global averages respectively, according to the report.
