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- Last month’s security breach has led New York-based crypto lender, BlockFi, to appoint Adam Healy as its new chief security officer.
- Zac Prince, CEO of the company, exclaimed that Healy will be the catalyst in helping them migrate to a fully integrated and modern security architecture.
- Healy will aim to build a security first environment as it is of utmost importance with the ever-changing mechanism of digital currencies.
Last month’s security breach has led New York-based crypto lender, BlockFi, to appoint Adam Healy as its new chief security officer. Zac Prince, CEO of the company, exclaimed that Healy will be the catalyst in helping them migrate to a fully integrated and modern security architecture.
The last month’s sim card data swap has raised questions over the vulnerability of blockchain technology. Healy will aim to build a security first environment as it is of utmost importance with the ever-changing mechanism of digital currencies.
BlockFi Shifted Focus on Security
The company plans to launch its mobile app along with a Bitcoin Rewards Credit Card for clients in the retail sector. The current macroeconomic situation and the demand for digital dollars are proof that the industry is moving ahead in the right direction. The next generation of digital finance is to be fueled with the right products and the correct security measures in place. Adequate steps should be taken to protect sophisticated clients from threats of various kinds. Blockchain technology should be a solid structure and a close-knit unit in the background to work for its success. Zac also stated that under his leadership he wants to make BlockFi the market leader in security practices and policies. A normalized security approach should be more than enough to defend potential threats.
The firm has managed a total of $1 billion assets where the loss stood at 0% across its portfolio. It is quite remarkable that the previous month’s data breach has not deterred the management from trading in cryptocurrency.
Newer avenues are to be trodden with the advent and acceptance of cryptocurrencies across the globe. Healy has more than 15 years of experience in the cybersecurity field which makes him the ideal candidate to take up the role at BLockFi.
He has been tasked with protecting digital assets from potential threats, client data, and other proprietary assets. BlockFi continues to expand its products and services for institutional and retail clients for the betterment of all stakeholders.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
