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Author Topic: [2014-09-05] For Bitcoin, Data Breaches Open Up an Opportunity  (Read 540 times)
austins
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September 05, 2014, 08:01:04 AM
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http://blogs.wsj.com/moneybeat/2014/09/04/bitbeat-for-bitcoin-data-breaches-open-up-an-opportunity/

Can a better mousetrap be built with bitcoin? The answer is a definite maybe, but it means the entire nascent industry will have to not only build more secure systems, it will have to build more secure systems that can withstand widespread public use, malicious attacks, and overcome the distrust of a skeptical public. That’s a tall order.

The irony is that even after the massive Target data breach, even with Home Depot now in the news amid stories about breaches, the existing payments system is so ingrained in people’s daily lives that most people just accept these risks. On the other hand, when it comes to bitcoin, what most people think about is the Mt. Gox scandal.

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