Yes bitcoin and blockchain are safer but you have to factor in the human element.
Bitcoin and blockchain are safe to a point but some people are careless about their
own security matters. We all need to protect our data and also not trust third parties
so willingly with it.
Topic: Cyber attacks are good for Bitcoin - page 4. (Read 851 times)
Every system has vulnerabilities and can be exploited at some point or another.
There has been repeated issues of exchange hacks with people losing millions of dollars worth of cryptocurrency.
While these hacks are most times not directly linked to the blockchain technology it would still be related to vulnerabilities of bitcoin
There has been repeated issues of exchange hacks with people losing millions of dollars worth of cryptocurrency.
While these hacks are most times not directly linked to the blockchain technology it would still be related to vulnerabilities of bitcoin
It won't wake up the people but the companies will realize the benefits their company can have (security, efficiency, costs,...) Not to say some companies will have no choice to use the technology to adapt its activity around the tendencies. In the future, people will use the blockchain tech/crypto tokens without knowing it
The personal data of 9.4m Cathay Pacific passengers has been stolen in a cyber attack on the Hong Kong airline.
https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/
Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.
https://www.telegraph.co.uk/technology/2018/10/24/cathay-pacific-says-data-94-million-passengers-stolen-hack/
Quote
Ryan Wilk, vice president at NuData Security said “Data in the wrong hands – especially payment card information – can have a huge impact on customers, far beyond the unauthorised use of their cards.”
“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”
“Payment card information, combined with other user data from other breaches and social media, builds a complete profile. In the hands of fraudsters and criminal organisations, these valuable identity sets are usually sold to other cybercriminals and used for myriad criminal activities.”
Maybe instances such as this will wake people up to the tangible benefits of using Bitcoin, blockchain and cryptocurrency-not being as vulnerable in an age of unbeknownst vulnerability.
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