29 Nov '13, 12pm

Bitcoin millionaire throws $7.5m virtual currency in the bin

Bitcoin millionaire throws $7.5m virtual currency in the bin

When it comes to electronic devices bad things do happen. Components fail, power outages do occur, and files can be accidentally deleted. For that reason it is always advisable to have a backup strategy so that you never lose your home made videos, holiday snaps or business accounts. Any IT professional would tell you that... unless his name is James Howells. Howells, who works as an IT consultant, may have committed two cardinal sins. The first was throwing away a hard drive in an insecure manner. When his laptop broke he cannibalised it, taking parts he could re-use elsewhere. He tossed the hard drive into a drawer where it remained until he decided it was no longer needed. Without physically breaking the drive or removing the data stored on it he threw it out, presumably forgetting the value that data may hold to anyone who went searching through his refuse bin. The sec...

Full article: http://nakedsecurity.sophos.com/2013/11/29/bitcoin-millio...

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