The head of security for cryptocurrency exchange Coinbase describes his biggest challenge
Coinbase CISO Philip Martin explains that cryptocurrency users need to understand security and the importance of passwords.Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe.
"We deal with long-lived keys that we generate that live for a very long time, that are the direct controller of liquid value," said Martin, who previously served as an information security lead at Palantir Technologies and in U.S. Army counterintelligence. Those high consequences mean Coinbase's security organization must help contribute to a broad communication plan to customers, that helps explain clearly how to handle their keys, passwords and other important information for securing their accounts.
But still, cryptocurrencies have a reputation for supporting all manner of illicit transactions. Doing KYC has been one step in reassuring new investors that cryptocurrencies aren't all shadowy. One reason the reputation persists in the U.S., Martin believes, is because Americans aren't accustomed to the alternative use cases for the currencies.
When it comes to illicit use of cryptocurrencies, the problem is real but it's not exclusive to these currencies, Martin believes. "You could say the same thing about cash, because of it's lack of public traceability. It's much easier to buy a high-end watch and sell it," using cash without being discovered than to move funds with Bitcoin, he said, because in the case of cryptocurrency, "all of those transactions are on the record.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. judge urges VW, SEC to resolve civil Dieselgate suitA federal judge in California on Friday urged the U.S. Securities and Exchange C...
Baca lebih lajut »
U.S. SEC fines Cantor, BMO Capital Markets over improper handling of ADRsThe Securities and Exchange Commission (SEC) on Friday said Cantor Fitzgerald & ...
Baca lebih lajut »
How Olivier Rousteing and the 'Homecoming' Costume Team Created 60 Different Looks for BeyonceThe Balmain creative director, who collaborated with Beyonce’s longtime styling team, Marni Senofonte and Timothy White, calls his work for her Coachella concert 'the biggest challenge of my life.'
Baca lebih lajut »
College football 2019: Which traditional power with a second-year coach will rise?J. Brady McCollough looks at the 25 biggest storylines in college football heading into the 2019 season.
Baca lebih lajut »
Report finds sexual harassment and violence at Levi's, Wrangler jeans factories in AfricaManagers and supervisors forced many female workers into sexual relationships in exchange for job security or promotions: Via CBSNews genderbasedviolence
Baca lebih lajut »
Hong Kong protesters kick off new weekend of ralliesThousands march through heavy rain in Hong Kong as Chinese military build-up increases on the border
Baca lebih lajut »