Are any of us at all surprised to learn that in just the first quarter of 2019 more than $1.2 billion worth of cryptocurrency was stolen? Probably not. This story follows the old line from bank robber Willie Sutton who is credited with saying that he robbed banks “because that’s where the money is.” So not much has changed. Cryptocurrencies are not exactly money, though, even if they do have a market value. In 2019, protecting unregulated cryptocurrencies is much more complicated than securing monies held in traditional banks.
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Cybercriminals Score Billions in Cryptocurrency Thefts
Posted by: Peter S. Vogel & Chelsea L. Hilliard May 21, 2019 10:05 AMAre any of us at all surprised to learn that in just the first quarter of 2019 more than $1.2 billion worth of cryptocurrency was stolen? Probably not. This story follows the old line from bank robber Willie Sutton who is credited with saying that he robbed banks “because that’s where the money is.” So not much has changed. Cryptocurrencies are not exactly money, though, even if they do have a market value. In 2019, protecting unregulated cryptocurrencies is much more complicated than securing monies held in traditional banks.