Removing Security Risks from Investing in Digital Assets
The digital asset sector is rapidly growing as the world’s largest investors and traders start to see the enormous potential of this‘once-in-a-generation’ investment opportunity. Mainstream adoption of digital assets as a global mechanism for value transfer, however, remains a challenge. This is due to a failure in addressing extraordinarily high and unique systematic security risks around the movement of digital assets - specifically, irreversible errors, employee safety and embezzlement.
As transactions in digital assets can be undertaken anonymously, without robust security measures in place, they are exposed to bad actors and abuse. Digital asset crime is reported to have soared to record highs in 2018 and losses topping an estimated $1.7 billion.