Author Topic: Crypto Insurance - Securing cryptocurrency exchanges  (Read 777 times)

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Crypto Insurance - Securing cryptocurrency exchanges
« on: August 28, 2018, 06:00:51 PM »

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The past year has been a roller coaster ride for the global financial markets. Where cryptocurrencies saw immense popularity, it also faced the hazards of Hacking. [/size]2017 has been considered as one of the worst years for Cyber Crime, especially Hacking. A number of phishing scams, frauds and miner-wares were reported in 2017, which led to enormous losses, both to the cryptocurrency holders as well as the global financial market system.The dangers of Hacking have been prevailing even in 2018, and to much surprise, it is only growing.Though the concept of Cyber Insurance was introduced in late 2017, it has now largely been used to protect and secure the volatile cryptocurrency exchanges. The crypto-insurance idea is similar to that of the cyber-insurance concept, however, the cutting-edge Blockchain Technology plays an important role here. Though every initiative has its own pros and cons, this little start will surely usher in another revolution in the crypto-world.

 

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