Wallet Protection ... A Must in today's World


Why Cyber Security Stocks Look Poised For Continued Growth In 2018


Newer technologies, like cryptocurrencies and digital assets, that lack historical precedent with regards to best-practice security measures are hot commodities too protect in particular. “Digital cryptocurrencies such as bitcoin (BTC.X) are continually making headlines as tech investors closely follow the daily rollercoaster price swings hoping to cash in.” stated Scott Schober, Cybersecurity Expert and Advisor to BlockSafe Technologies. "For all of the layers of security that cryptocurrencies both establish and also require, cryptocurrency traders still suffer from tried and true social engineering and inherent weaknesses in all security managed by people," noted Schober.

Since its inception almost a decade ago, the emerging sector has had a checkered past on security issues, as unprepared, vulnerable exchanges and personal wallets have been lucrative targets of hackers. Therefore, a major trend in the space over the recent years has been to solidify infrastructure and allow for better confidence in use. A University of Cambridge study in 2017 focusing on the global cryptocurrency landscape found that exchanges allocate 13% of their personnel to full-time security work and 17% of their total budget on security. The study also noted that “Over 70% of exchanges secure their systems with the help of external security providers, including external code reviewers, multi-signature wallet service providers and two-factor authentication (2FA) service providers.”