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Title: [2015-06-12] CD: Lloyd's Report: Bitcoin Will Always Be Risky Post by: Grand_Voyageur on June 12, 2015, 07:50:19 PM Lloyd's Report: Bitcoin Will Always Be Risky
Quote Bitcoin's security risk will "never be reduced to zero", according to a report released by insurance provider Lloyd’s today. The 31-page document, commissioned to assess the risks involved in insuring bitcoin operations, warns that companies will continue to face a "dynamic threat", regardless of their security practices. Garrick Hileman, an economic historian at London School of Economics (LSE) and one of the report's authors, told CoinDesk that while security in the industry is tightening, systemic issues remain: "The improvements we’re seeing in many bitcoin risk areas, particularly at the firm level with the incorporation of multisig and other industry best practices, have been well documented. What has been covered less is how many old risks remain (eg 51% attacks) and new risks that are emerging." Full story: http://www.coindesk.com/lloyds-report-bitcoin-will-always-be-risky/ |