Too Long; Didn't Read
Digital wallets are the most popular payment method of 36% of online buyers worldwide. With virtual currencies being in popular demand, the crypto market revenue as of May 2020 was recorded at 265.55 billion US dollars. Wall Street Journal proposes that almost 4billion US dollars were lost in cryptocurrency scams with the situation expected to become worse in the coming years. Cybercriminals use witty methods to trick customers into giving away their identity information for illegitimate purposes. Fake celebrity profiles are taking social media by storm and are getting worse by the day.