"We are fooling ourselves if we think we have our risk exposure well in hand simply by managing the threats to traditional network devices," Taule says. "We must expand our situation awareness capabilities to provide full coverage for everything connected to the network."
The Growth of Bitcoin
Bitcoin, the open source electronic money and payment network that uses cryptography to secure transactions, comes with its own set of security risks, says Ariel Silverstone, an independent consulting CISO.
Bitcoin is the harbinger of a more digital economy, Silverstone says, but it's vulnerabilities--from the hacking of hosting sites to pure crypto attacks--are just being discovered.
"The fact that multiple attacks on Bitcoin have been so successful, I suspect will lead to renewed attempts at attacking money- and transaction- transferring mechanisms," Silverstone says. "These, such as PayPal, Swift, and also business and bank-initiated environments, transfer trillions of dollars per day. Many of them rely on little security [and are] susceptible to attacks."
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