NFTs big target for cybercriminals

The CryptoPunks page on Opensea app is displayed next to non-fungible tokens (NFTs) of the CryptoPunks collection by Larva Labs shown on its website. Narang warned investors to remember that there is no such thing as a get rich quick scheme in cryptocurrency. — Reuters

Cryptocurrency and even non-fungible Tokens (NFTs) have become a principal focus of scammers in recent years, security experts said at GISEC Global said.

Speaking to Khaleej Times, several experts highlighted how investors looking to enter the cryptocurrency space need to ensure that they are well informed of the nature of the industry and the threats that it faces from malicious actors.