Cyberinsurance Providers are Coming for Cryptocurrency Exchanges

2017 was one of the worst years for hacking on record. We’ve seen reports of unsolicited miner-ware installations generating millions of dollars worth of Monero, Coincheck‘s breach result in close to half a billion dollars in losses, ICO phishing scams, and much more.

This cycle has repeated itself ever since Mt. Gox was breached in 2011. As anyone who follows the news knows, this trend is not exclusive to the crypto world. One journalist declared “2017 Was The Year of Hacks.” before predicting 2018 would get worse.

Source:
https://www.ccn.com/cyberinsurance-expand-cryptocurrency-markets/