29 Dec '16, 2pm

Crypto Security in 2016: A Tale of Two Weaknesses

Crypto Security in 2016: A Tale of Two Weaknesses

Bill Shihara is the CEO and co-founder of cryptocurrency exchange Bittrex, and a former security engineer at Amazon, Blackberry and Microsoft. In this CoinDesk 2016 in Review special feature, Shihara reviews the major cybersecurity events in the industry this year, drawing clear trends that could inform firms and individuals seeking to better protect their funds in 2017. Bitfinex, The DAO, Gatecoin... Security has always been a concern in the bitcoin and larger cryptocurrency community, and unsurprisingly, there was no shortage of malicious attacks on industry companies in 2016. This year, we saw several hacks on major business that suggest malicious attackers are likely to continue to be a threat to cryptocurrency startups, putting users and investors in the blockchain industry at risk. As startups and investors prepare for 2017, let's look at some of the major incidents ...

Full article: http://www.coindesk.com/bitcoin-security-in-2016-a-tale-o...

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