The pace of technological growth understandably excites people and businesses alike. In the realm of investments and banking, an app-driven world coupled with the emergence of cryptocurrency opens up many new avenues for investments and opportunities for financial institutions to provide mobile banking and investment services via mobile apps.
The excitement generated by these changes also extends to cybercriminals. Wherever there is money, there is the opportunity to swindle people out of their savings. This article examines the current cybersecurity situation in light of a recent FBI warning about fraudulent crypto investment apps.