McAfee released a report detailing the numerous cybersecurity risks associated with blockchain-based cryptocurrencies, and asserts the necessity of making cybersecurity a top priority as industry builds out the foundations for the widespread implementation of blockchain technologies.

Demand for blockchain technology continues to grow among some of the most established industries worldwide, including the government, finance, retail, health care, and automotive sectors. In fact, nearly every industry has invested in, acquired or implemented blockchain in some capacity. Yet even as the blockchain technology market is expected to reach $9.6 billion by 2024, McAfee sees tremendous potential for cybersecurity risks that could threaten this revolutionary technology’s rapid growth and its quickly expanding pool of adopters.