Tag: bitcoin
Image by Eva Rinaldi / License Creative Commons 3. The Nation State One of the supposed benefits of bitcoin and other cryptocurrencies is that they aren’t tied to any particular nation state. This prevents bitcoin assets from being frozen by the state, and gives consumers the freedom to do anything they want with their money.10 State sponsorship of…
Read MoreLast week, our esteemed colleague David Holmes answered the board’s question “Are we doing anything with bitcoin?” by slamming the door on a technological trend that is not only underway but is rapidly expanding. (Heck, bitcoin itself is “old news” now.) Still, it should be on every CISO’s brain. Even if CISOs don’t need to talk to…
Read MoreBack in September, I had the honor of moderating a panel session in Hong Kong under the theme of “Is Cybersecurity the Hidden Achilles of Hong Kong’s Digital Economy?”. At that time, China, the world’s leading bitcoin exchange market accounting for 90% of trading worldwide, yet had announced shutting down bitcoin and cryptocurrency exchanges, calling…
Read MoreReleased as open-source software in 2009, Bitcoins are created as a reward for a process known as mining and can be exchanged for other currencies, products, and services. Much has been discussed about its robustness, so, could the notion that a 51% attack on a blockchain could move from ‘theoretical’ to ‘possible’? Read the full…
Read MoreIntroduction Ten months ago we asked a rhetorical question: will losses from cryptocurrency exchange hacks hit one billion dollars in 2018? Indeed, they did. Cryptocurrency theft is growing both in terms of frequency of attacks and breadth of targets. Attackers aren’t just cryptojacking and targeting exchanges. According to endpoint security provider Carbon Black, $1.1 billion…
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