The Seattle NFT Museum features original artwork and a description of the technology behind it, aimed at helping visitors navigate the new world of non-fungible tokens. — © AFP
Most people who recognize and start using non-fungible tokens (NFTs) are also worried about potential security risks. This is not just a suspicion of something new, as the new data suggests that those risks are very real.
According to a study published by NordVPN, 68% of people familiar with NFTs are also well aware of the serious security risks associated with NFTs. It is based on a survey of 1,002 US consumers.
NFTs seem to be gaining in popularity, at least in some areas. According to a survey, just under half (47%) of US citizens have some knowledge of NFTs, and 50% of those people already buy, sell, or invest in NFTs. We also found that 27% of respondents had never heard of NFTs.
Regarding security concerns related to the purchase, possession, and subsequent sale of NFTs, these fall into the following categories:
- 51% are worried that someone can steal NFT assets and have little opportunity to recover them.
- 49% are afraid that counterfeit NFTs may be sold in fake NFT stores.
- Forty-eight percent are concerned that people are selling fake NFTs by impersonating famous NFT artists.
- 48% recognize that there are fake NFT stores that sell NFTs that don’t even exist in the digital world.
In addition, almost half of those who have previously worked with NFTs say they do so using a private browser. Some companies also take advantage of additional security measures such as password managers (43%), file encryption software (37%), and virtual private networks (VPNs) (34%). Some respondents also indicated that they were using antivirus software.
Only 8% of those surveyed said they did not use any security measures when conducting NFT transactions.
Daniel Markuson, NordVPN’s digital security expert, commented on the data: “NFTs have rapidly become a digital format for owning modern collections.”
“Despite being a well-known investment risk today, security variability in NFT numbers continues to escalate, as recently seen in the $ 200 million OpenSea NFT robbery by phishing email hacks. . “
