Bitcoin emerges from the shadows, but just how safe is it?
Ken Baylor
2012-11-27
https://www.nsslabs.com/blog/bitcoin-emerges-shadows-just-how-safe-ithttp://kenbaylor.org/wordpress/?p=280...
With the recent addition of respectable vendors accepting bitcoins, it will emerge from the shadows and grow in popularity. As it grows in use among non-criminal users, the latter will be targeted by malware seeking to steal bitcoins from their digital wallets. Already specialized malware has been created to do just that (infostealer.coinbit trojan), and more is likely in the works. Bitcoin is risky on multiple levels. But with great risk, comes great reward.
When Mt. Gox, an exchange trade for bitcoins was hacked in 2011, the price of bitcoins dropped from $17.50 USD to pennies within minutes.
Looks like this one will never die. I wonder if we can pick on one of the many glitches on NASDAQ etc to claim a price of 'pennies' for some bluechip and get a meme going?
That aside.. it was a surprisingly good article for a security firm, with a relatively upbeat conclusion.
