When you hear the term ‘cryptocurrency’, does ‘secure’ also spring to mind? Here are some implications of the lack of sound security practices in the world of crypto.
When you hear the term ‘cryptocurrency’, does ‘secure’ also immediately spring to mind?
In this edition of Week in security, Tony examines several implications of the lack of sound security practices in the world of crypto. For example, he looks at:
why the two core principles of cryptocurrencies – i.e., that they are decentralized and deregulated – are both a blessing and a curse
why cryptocurrency has been co-opted as an ‘engine’ for cybercrime
what else differentiates the crypto industry from the traditional financial industry
how the lack of regulation and oversight in the crypto industry ultimately leads to lax cybersecurity practices
how governments are responding and what lies ahead for the crypto industry
Here’s some further reading:
The flip side of the coin: Why crypto is catnip for criminals
Cryptocurrency scams: What to know and how to protect yourself
Ransomware: To pay or not to pay? Legal or illegal? These are the questions …