FBI Remains Focused on Cryptocurrencies During Cybersecurity Awareness Month

Ever since 2003, October has been known as the National Cyber Security Awareness Month.

This effort came to life via a collaboration between the US Department of Homeland Security and the National Cyber Security Alliance. During this October, the FBI remains focused on the basics of cryptocurrencies.

The ABCs of Crypto

Cryptocurrencies became the focus of many, and with them came the hackers, working diligently to scam people online and steal the investments. This is why during this week of October, the FBI decided to focus on the ABCs of crypto and show people what they are and how they can be used.

The first answer the FBI provided was about what cryptocurrencies are. Next, the organization spoke about how to purchase crypto while stating that the market is still unregulated in the US. Meaning that investments aren’t fully secured as they would be in a traditional bank.

The FBI also touched on the definitions of wallets and private keys, where it explained the purpose of a key and how it keeps the investments safe.

Additionally, the FBI stated that, while not regulated, cryptocurrencies are completely legal to own and use in the US.

However, there are still many bad actors who use the traditional methods to steal this asset.

What’s most important, the FBI provided information about the possible scams, how to invest safely, and who to talk to if you’re a victim of the cryptocurrency scam.