Security Issues

According to a survey by Accenture, banks suffer an average of 85 attempted serious cyber attacks a year, and one-third are successful. As a result, some people lose large sums of cash from their accounts or get scammed. The systems are also prone to fraud and especially money embezzlement.

Crypto relies on a distributed network of computers all over the world. Crypto is more secure and reliable because it uses anonymous ID numbers in transactions and is tamper-resistant.