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Consumer Protection Tuesday: Five New Years’ Resolutions for Better Safety Practices

Tl;dr: It’s a big year for owners of crypto and other financial assets. There’s a lot to celebrate and a lot to watch. Staying ahead of the latest online scams and pitfalls is the best way to protect you and your loved ones. From bolstering your devices to encouraging useful conversations, these resolutions can make a difference in 2025.

By Coinbase

Company

, January 14, 2025

, 4min read time

Blog NY-Resolutions 16x9 V1

This post is part of a weekly Tuesday series at Coinbase about the latest consumer protection and security measures for crypto owners.

At Coinbase, we’re working hard to help update the financial system, and make it safer and more secure. While only 0.34% of blockchain transactions are used for illicit activity, and cash remains the preferred medium for illicit transactions, crypto security is always a top priority. Coinbase maintains a robust compliance program, which includes Know Your Customer (KYC) checks, sanctions screenings, suspicious activity reporting, and strong law enforcement partnerships to prevent illicit activity on our platform.

Keep 2025 Bright by Protecting You and Your Loved Ones

It’s a big year for owners of crypto and other financial assets. There’s a lot to celebrate and a lot to watch in 2025.

Staying ahead of the latest online scams and pitfalls is the best way to protect you and your loved ones. Make sure you’re aware of the latest threats and best security measures. You can always start by fortifying your accounts and devices. Many scams are viral. So are helpful tips and innovative solutions. Use social media and other trusted online platforms to help spread awareness of safe financial practices.

Here are five resolutions that can keep you and your loved ones secure in 2025.

1. Bolster Your Devices and Diversify Your Storage

Securing your primary device is paramount. Make sure you have the latest security and password updates required. Activate safe browsing. It also helps to diversify your storage if you own multiple assets. You can use a combo of secure soft and hard wallets and ensure your recovery phrases are stored safely offline.

2. Encourage Helpful Conversations

Talking about safety measures with family and friends can be impactful. Social engineering is fueling a growing number of scams and trillions in financial losses around the world. This includes a rise in fraud tactics involving AI use. Chatting about how these scams work and how to prevent them can help raise awareness and protect others. 

3. Follow Security Trends Along with the Markets

There are many ways to quickly stay on top of your security while you follow the markets and access your holdings. Set up scam alerts on your mobile device using Google or another platform. Follow trusted financial news outlets such as CNBC, MarketWatch, CoinDesk, and Cointelegraph to stay informed. Share important info with those close to you.

4. Learn More About the Latest Scams

Cybersecurity threats are constantly evolving. Thieves use facial and voice-generated clones to trick victims into giving up their assets. These and other threats are why we require all of our customers to confirm their identities through KYC checks. Coinbase and other trusted platforms also offer educational resources. 

Learn: Can cryptocurrency be hacked?

More education around fraud can help foster greater prevention and protection efforts. 

5. Take New Steps to Protect Yourself and Others     

Wherever your device security is at today, you can likely find simple ways to further protect your and your loved one’s information and assets. Multi-factor authentication (MFA)—including verification by finger or face—provides added security layers, for instance. 

It’s an exciting year to be involved in crypto and other growing assets. Practicing online security is one of the best resolutions you can make in 2025. At Coinbase we use the latest security measures to spot and block potential threats. We wish everyone a safe and productive year.

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