[2016-01-26] Security Of Your Bitcoins Is Predominantly Your Responsibility

Security Of Your Bitcoins Is Predominantly Your Responsibility

Content theft has persisted as one of the worst ills of the internet generation. Data breaches and identity thefts have always left victims with a sour taste. Bitcoin wallets have been hacked and owners’ wealth stolen on several cases. Are there ways to ultimately prevent one’s wallet from being hacked? Is there any way of recovering stolen funds from a hacked wallet? Are exchanges obliged to refund Bitcoins stolen from a virtual wallet?

Every hoster of virtual wallets and exchanges will always inform wallet owners of the importance of employing sometimes very basic, and at other times a bit more sophisticated measures in safeguarding their wealth. These hosts and exchanges basically provide the avenues and systems of enhancing the security of Bitcoin wallets, yet the buck stops with wallet owners to ensure that their wallets are secure, at least most of the time.

http://cointelegraph.com/news/security-bitcoin-wallet-hacked

Topic: [2016-01-26] Security Of Your Bitcoins Is Predominantly Your Responsibility (Read 205 times)