The shift away from traditional physical cash and coin payments in the UK has accelerated in recent years, with less than 15% of transactions being conducted using cash. According to Bank of England, 23 million people in the UK did not use cash at all in 2021. United Kingdom is exploring the possibility of introducing a central bank digital currency (CBDC) tied to the British pound.
On the 14th of September, we attended an inaugural South West Regional Cyber Crime Unit (SWRCCU) Leaders Conference hosted by Somerset County Cricket Club in Taunton.
I was contacted by a victim who informed me their crypto assets stored in their Ledger hardware wallet had been transferred without the hardware wallet’s security features preventing any transactions from taking place.
Blockchain security is constantly evolving with regulations, be sure to stay informed.