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Topic: Shapeshift: Security by nature insecure "I personally trained their staff." - page 3. (Read 1725 times)

sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
ShapeShift should have had a more stringent audit of their new employees before hiring them. I think it's a little harsh saying that the whole system is compromised when in reality there was 1 compromised person with ulterior motives who spoiled the party for everyone. Do you think something like this can happen again if Erik finds other professionals with conscience this time around?
sr. member
Activity: 532
Merit: 251
Is this what we learned from Satoshi and Szabo that the purpose of security is insecurity?

That:

Quote from: Shapeshift Staff Secucurity trainer
All security solutions have "security leaks"

https://www.reddit.com/r/Bitcoin/comments/4g1t1l/erik_voorhees_looting_of_the_fox_the_story_of/d2dze28

How does a business that gets hacked get to claim they are STILL secure? 

I propose that an insecure security solution is not secure. 
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