Security conscious: Managing threats is still paramount for crypto firms

Crypto may have dropped in value but that doesn’t mean there aren’t plenty of hackers still trying to get their hands on it

Andriy Velykyy, co-founder of Allbridge: ‘There is a shortage of specialists experienced both in the blockchain industry and cybersecurity.’ Picture: Antonio Wins

The crypto crash has been a sobering moment for the world’s cryptocurrency industry, but it is not the time to take the foot off the pedal when it comes to security.

That’s according to Philip Martin, chief security officer at Coinbase, one of the world’s largest cryptocurrency exchanges.

“Times like these are really when a lot of teams focus down and build new things,” Martin said.

These are challenging times for cryptocurrency. Winter came early ...