Researchers rank cryptocurrency exchanges by how secure they are

Prominent cyber-security firm Group-IB has graded the security of online cryptocurrency exchanges, as a means of assessing insurance risk. It found long-standing platform Kraken to be the most secure, with OKEx, Huobi Pro, and CoinCheck among the riskiest. Alongside IT platform CryptoIns, Group-IB claims to have developed the world’s first assessment system for determining the insurance premiums required to adequately cover cryptocurrency kept on major exchanges. Losses as a result of cyber-attacks on exchange software, theft, fraud, and illegal actions of crypto-exchange personnel are all apparently covered by the new cryptocurrency insurance policy. Users across more than a dozen exchanges…

This story continues at The Next Web

from News Aggregator - Top News Stories From Your Favourite News Source | News Vally https://ift.tt/2SS95eT