In an era where the allure of cryptocurrencies captivates the imagination of the global market, the double-edged sword of the decentralised and unregulated nature of these digital assets presents opportunities and significant security challenges for businesses.
On the same day that the now infamous FTX declared bankruptcy under Sam Bankman-Fried, cybercriminals began stealing hundreds of millions of dollars from its coffers. In the Ronin Network case, the theft was attributed to the relaxing of security measures to accommodate an influx of players. “Adopting a proactive approach to cybersecurity is not optional, but a necessity and should go beyond simply implementing security measures but weaving a fabric of security consciousness throughout an organisation.”
She says cryptocurrency security encompasses a suite of solutions tailored to address the unique challenges of the digital asset ecosystem which include designing secure architectures, implementing effective wallet and key management practices, while also fostering employee awareness and training to mitigate human error.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »