Home Security Bitcoin ATM scams skyrocket – Week in security with Tony Anscombe

Bitcoin ATM scams skyrocket – Week in security with Tony Anscombe

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Bitcoin ATM scams skyrocket – Week in security with Tony Anscombe

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The schemes disproportionately victimize senior residents, as these aged 60 or over have been greater than 3 times as seemingly as youthful adults to fall prey to the scams

Customers in the US misplaced greater than $114 million to scams involving Bitcoin ATMs (BTMs) final 12 months, with the determine hovering ten-fold from 2020, in response to information launched by the US Federal Commerce Fee (FTC) this week. As customers misplaced $65 million to those ploys within the first half of 2024 alone, this 12 months is on monitor to high the losses from 2023. The FTC additionally discovered that the scams disproportionately victimize older individuals, as these aged 60 or over have been greater than 3 times as seemingly as youthful adults to report a loss utilizing a BTM.

How do these scams work and how are you going to keep secure from them? Discover out within the video.

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