With the growing reliance of technology, there have been security and privacy concerns along with it. Billions of people use different online payment methods, such as WeChat Pay, PayPal, Alipay, and much more to help transfer money. Although security measures are placed, some criminals are able to bypass them. In March 2022,
North Korea used Blender.io, a mixer which helped them to hide their cryptocurrency exchanges, to launder over $20.5 million in cryptocurrency, from Axie Infinity, and steal over $600 million worth of cryptocurrency from the game's owner. Because of this, the U.S. Treasury Department sanctioned Blender.io, which marked the first time it has taken action against a mixer, to try to crack down on North Korean hackers. The privacy of cryptocurrency has been debated. Although many customers like the privacy of cryptocurrency, many also argue that it needs more transparency and stability.
Environmental
Technology can have both positive and negative effects on the environment. Environmental technology, describes an array of technologies which seek to reverse, mitigate or halt environmental damage to the environment. This can include measures to halt pollution through environmental regulations, capture and storage of pollution, or using pollutant byproducts in other industries. Other examples of environmental technology include deforestation and the reversing of deforestation. Emerging technologies in the fields of climate engineering may be able to halt or reverse global warming and its environmental impacts, although this remains highly controversial.[84] As technology has advanced, so too has the negative environmental impact, with increased release of greenhouse gases, including methane, nitrous oxide and carbon dioxide, into the atmosphere, causing the greenhouse effect. This continues to gradually heat the earth, causing global warming and climate change. Measures of technological innovation correlates with a rise in greenhouse gas emissions