#BinanceSafetyInsights

Binance's Binance SafetyInsights initiative continues to enhance user security. In 2024, Binance invested over $213 million in compliance and security programs, preventing potential losses exceeding $4.2 billion from fraud and cyberattacks BINANCE. The platform employs advanced security measures including two-factor authentication (2FA), anti-phishing codes and cold storage for the majority of funds BINANCE Recently, Binance expanded its security measures by incorporating anti-scam codes into SMS messages to combat phishing scams BINANCE. Users are encouraged to enable 2FA, use strong unique passwords and stay vigilant against phishing attempts to ensure their assets remain secure.