More than 80% of Binance users in Asia are adopting good cybersecurity measures.

Binance recently conducted a user survey in Asia on the topic of security, and the results are very promising. More than 80% of these users use 2FA, and 73% double-check their money transfer transactions. The survey concluded that educating users is the most effective way to leverage the growing enthusiasm for security. Exchange-led phishing simulations could be a potential solution to provide anti-fraud knowledge. Security Survey of Binance Cryptocurrency scams are on the rise nowadays, and technical security solutions are not always sufficient. For example, hackers recently used social engineering tactics to steal 330 million dollars worth of Bitcoin, bypassing conventional protective measures. In this environment, users need to take responsibility for the security of their wallets, and Binance's survey has assessed their current attitudes.

Binance has made it very clear that enhancing the use of 2FA (two-factor authentication) is a good thing. However, there are still a few important gaps in the community's preference. Most other important user security measures have very low adoption rates, and Binance blames inadequate awareness. Binance has outlined several measures to promote security education: "As the industry develops, the tactics of bad actors evolve as well. We are heavily investing in locally relevant, practical, and accessible anti-fraud education that meets the actual needs of users. We are also working closely with regulatory agencies and law enforcement... to better protect users' assets," said Jimmy Su, Director of Security at Binance. This educational question refers to several different topics. First of all, most Asian Binance users believe that the current security guidelines are "too technical and confusing." However, they are ready to learn. More than 60% said they would participate in anti-fraud simulations, especially if these simulations are gamified or combined with rewards. The survey also recorded an important data point in the long-standing debate: whether or not to self-custody assets. Binance reported that their users increasingly expect exchanges to actively manage security. Meanwhile, 62.5% believe that CEX is responsible for blocking high-risk transactions in real time, and more than half would "immediately" contact the exchange if they detect fraudulent behavior. However, like previous company surveys, it's important to remember the demographics of the participants. Binance only asks Asian users about their security preferences and identifies regional variations even in this form. For example, depending on the respondent's location, they can come up with four different answers to the question "Which platform spreads the most scams?" In other words, Binance or other companies may need to conduct further surveys on a wider network to validate this security data. However, in its isolated form, the data from Asian users is still very useful. Hopefully, it can help build beneficial anti-fraud policies and educational resources for a global audience.